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Bitcoin Breakout Imminent? Binance Taker Activity Suggests Bullish Continuation

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) may still have room to run, as recent Binance taker data points to another short-term bullish setup for the leading cryptocurrency. Notably, BTC has surged 23.8% over the past month and is currently trading about 4% below its all-time high (ATH).

Another Bitcoin Breakout On The Horizon?

In a recent CryptoQuant Quicktake post, analyst Crazzyblockk suggested that Bitcoin could be poised for another rally based on the custom Binance Taker Buy-Sell Ratio Momentum Signal. The analyst shared multiple indicators that suggest BTC may soon break through its previous ATH.

Source: CryptoQuant

The first key insight is that both weekly and monthly buy-side taker volumes have seen a significant uptick. This spike signals aggressive buying behavior from market participants willing to execute trades at market price, often a strong sign of growing demand.

Related Reading: Bitcoin Poised For $120,000 Rally As Wyckoff Accumulation Hits Final Phase, Analyst Says

For the uninitiated, the buy-sell taker volume refers to the amount of BTC bought or sold by takers – traders who place market orders that are immediately matched with existing limit orders. A higher buy-side taker volume indicates aggressive buying behavior, often signaling bullish market sentiment.

Another critical metric is Bitcoin’s 30-day Z-score, which is currently hovering around 1. This indicates neutral market behavior – well below the overheated threshold of 3 – suggesting that buyer dominance is sustainable and not yet stretched thin.

To explain, Bitcoin’s 30-day Z-score measures how far the current value of a metric – like trading volume or price – deviates from its 30-day average, in terms of standard deviations. A Z-score around 0–1 indicates neutral or typical activity, while values above 3 suggest an overheated or extreme market condition.

The analyst also pointed out that BTC’s weekly price volatility is at its lowest in months. Historically, such low-volatility periods tend to precede significant price movements. Given the current buy-side dominance, the likely breakout direction appears to be upward.

Finally, Crazzyblockk stated that the intraday taker buy-sell imbalance is currently favoring buyers. The CryptoQuant contributor added:

Despite total volume being matched between bids and asks, aggressive taker behavior is skewed toward buys, signaling a clear dominance in execution intent. This imbalance is key for short-term momentum.

In summary, taker behavior data on Binance clearly shows bulls are in control. As long as this pattern holds, a short-term upside continuation remains the most probable scenario.

Analysts Share BTC Targets

As Bitcoin inches closer to its January ATH of $108,786, crypto analysts are weighing in with new cycle targets. For instance, Ali Martinez recently identified $116,900 as the next major resistance zone for BTC.

Meanwhile, on-chain analyst Burak Kesmeci believes BTC could rally as high as $159,000 in this ongoing bull cycle. At press time, BTC is trading at $104,611, up 1.1% over the past 24 hours.

BTC trades at $104,611 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant and TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Sonic Prime Complete Series Steelbook Preorders Are $20 Off At Amazon
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Sonic Prime Complete Series Steelbook Preorders Are $20 Off At Amazon

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Sonic fans can save big on preorders for the upcoming Blu-ray release of Sonic Prime: The Complete Series Steelbook Edition. Amazon has dropped the price of the collectible Blu-ray set to $30.41 (was $50). That’s a pretty incredible deal, especially when you toss in the cool steelbook case that comes with the upcoming release. Sonic Prime: The Complete Series Steelbook Edition releases June 24. If Amazon sells out, Walmart also has a nice 30% discount that cuts the price to $34.

Amazon and Walmart offer preorder price guarantees, so locking in your preorder while the discount is active ensures you won’t pay more than the current price when your order ships. If the price drops even lower, however, both retailers offer automatic adjustments to get you the best possible price since you placed your order. You won’t be charged for your preorder at either retailer until Sonic Prime’s release in June.

$30.41 (was $50) | Releases June 24

This set includes three 1080p Blu-ray discs featuring all 23 episodes from Sonic Prime’s three-season story arc. It comes with a few extras to make it quite display-worthy. There’s the eye-catching steelbook case with custom artwork on the front, back, and interior. You’ll also get a protective cardboard sleeve and a transparent sleeve, which is admittedly a bit peculiar.

There aren’t any special features listed for this release, which isn’t too surprising given that the Blu-ray editions of the first two seasons of Sonic Prime didn’t contain any bonus material. On the plus side, this is over nine hours of Sonic content, so you–or younger members of the family–will have plenty to watch.

Like all catastrophes, Sonic Prime kicks off with the universe being shattered because the titular hedgehog didn’t heed the advice of his friends when he was facing off against Dr. Eggman. With the multiverse in peril, Sonic has to travel to distant worlds to fix his mistake, and along the way, he encounters new and strange versions of his allies who are the key to helping him on his quest.

Overall, it’s a fun show aimed at younger members of the family, as they’ll get a kick out of all the multiversal silliness and action in this animated series.

Sonic the Hedgehog Animated Series

Adventures of Sonic the Hedgehog: The Complete Series (Blu-ray)

Sonic Prime is the sixth Sonic the Hedgehog animated series, and if you’re looking to complete your collection, you can pick up the other shows on DVD and Blu-ray. Sonic had two animated series in the early ’90s, the very silly Adventures of Sonic the Hedgehog and the very serious–for a cartoon–Sonic the Hedgehog.

Sonic Underground was the next series produced, and keeping with tradition, it was a very weird Sonic cartoon that teamed up with his siblings Sonia and Manic as they weaponized music to help them overthrow the tyrannical Dr. Robotnik and reclaim their royal birthright. That’s not even the strangest part, as all three of the Sonic siblings were voiced by Jaleel White, who you might recognize as Steve Urkel from Family Matters. Yes, he did do that.

Skipping ahead to modern times, Sonic X was an anime series that ran from 2003-2005, and Sonic Boom saw the franchise transition to CG-animation when it landed in 2014. That brings us up to Sonic Prime, but weirdly, only the first two seasons of the show have gotten Blu-ray releases.

Sonic the Hedgehog Movies on 4K Blu-ray

Sonic the Hedgehog 3 Steelbook Edition

The Sonic the Hedgehog movies are also highly recommended–unless Hollywood releases an Ugly Sonic cut of the first one–as these are a fun mix of comedy, action, and impressive character designs. You can pick up steelbook editions of each one, including the threequel that featured Keanu Reeves voicing Shadow the Hedgehog. The Knuckles miniseries Steelbook Edition is sold out, but you can still get the Paramount+ show, which takes place between the second and third films, on 4K Blu-ray.



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The Tesla bot isn't superhuman yet, but it can make dinner
Product Reviews

The Tesla bot isn’t superhuman yet, but it can make dinner

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A week ago we saw Tesla’s Optimus robot showing off some nifty dance moves. This week, you can watch it performing a bunch of mundane tasks, though admittedly with a great deal of skill — for a humanoid robot.

Instructed via natural language prompts, the so-called “Tesla bot” is shown in a new video dumping trash in a bin, cleaning food off a table with a dustpan and brush, tearing off a sheet of paper towel, stirring a pot of food, and vacuuming the floor, among other tasks. 

The performance may not shake the world of humanoid robotics to its core, but it nevertheless shows the kind of steady progress that Tesla engineers are making, with the bot’s actions and movements becoming evermore complex.

Commenting on the latest clip, Optimus team boss Milan Kovac said in a post on X: “One of our goals is to have Optimus learn straight from internet videos of humans doing tasks.” Just to be clear, that doesn’t mean the robot will literally watch videos like a human. Instead, it suggests that the robot will learn from the vast amount of data available in those videos, such as demonstrations of tasks, movements, or behaviors.

Kovac said that his team recently had a “significant breakthrough” that means it can now transfer “a big chunk of the learning directly from human videos to the bots (1st- person views for now),” explaining that this allows his team to bootstrap new tasks much more quickly compared to using teleoperated bot data alone.

Next, the plan is to make Optimus more reliable by getting it to practice tasks on its own — either in the real world or in simulations — using reinforcement learning, a method that improves actions through trial and error.

Tesla boss Elon Musk, who has spoken enthusiastically of Optimus ever since the company first announced it in 2021, has claimed that “thousands” of the robots may one day be deployed alongside human staff at Tesla factories, taking care of “dangerous, repetitive, [and] boring tasks.”

The company, better known for making electric cars than humanoid robots, is racing against a growing number of tech firms globally that are intent on commercializing their humanoid robots, whether for the workplace, home, or perhaps some entirely new human-robot ecosystems yet to be imagined.





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Fortnite finally back on Apple devices in US and Europe
Game Reviews

Fortnite finally back on Apple devices in US and Europe

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Fortnite is finally back on iOS devices in the US and Europe, after a five-year legal battle between Epic and Apple.

Despite a “peace proposal” being offered by Epic at the start of the month, Apple later blocked the return of Fortnite in the US. When Epic returned to the judge of the legal case to review its Fortnite submission, the judge responded Apple is “fully capable of resolving this issue without further briefing or a hearing” and warned the official who is “personally responsible for ensuring compliance” would have to return for a hearing (thanks TheVerge).

The two companies have since filed a joint notice stating they have “resolved all issues”.

Fortnite Galactic Battle Cinematic TrailerWatch on YouTube

As such, Fortnite has now returned to iOS devices, with Epic boss Tim Sweeney writing on social media “we back fam”.

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Though Fortnite had already returned to iOS devices in the European Union, Apple’s block of the game in the US delayed a regular update to the game, forcing all versions to be taken down.

Of course, the UK is no longer in the EU, meaning Fortnite is not yet available here on iOS. It’s expected in the second half of this year.

Back in 2020, Epic added a direct in-game payment option in Fortnite to circumvent Apple and Google’s official in-app purchase options, from which those companies take a 30 percent cut.

In retaliation, Apple pulled Fortnite from its App Store, sparking the five-year feud.

A verdict was finally reached earlier this month, when the US District Court of Northern California found Apple in “wilful violation” of the court’s previous injunction designed to prohibit the company’s “anticompetitive conduct and anticompetitive pricing”.

That injunction meant Apple had to allow purchases for apps from outside websites, to which it agreed but levied a 27 percent fee. The court stated this move “strains credulity” and that Apple’s goal “was to dissuade customer usage of alternative purchase opportunities and maintain its anticompetitive revenue stream”. The court verdict added: “In the end, Apple sought to maintain a revenue stream worth billions in direct defiance of this Court’s Injunction.”

Sweeney wrote on social media “Game over for the Apple Tax” and stated Fortnite would return to the iOS App store. Now, it finally has.

Writing on social media last night, Sweeney said: “Thanks to everyone who supported the effort to open up mobile competition and #FreeFortnite from the very beginning. And thanks to all of the folks who initially sided with Apple then later came around to the winning side, supporting app developer rights and consumer rights.”

Fortnite has immediately risen to the top free game on iOS in the US.

Epic has this week been in hot water due to the addition of AI Darth Vader to Fortnite, which was quickly used to spout bad language. A hot fix has since been issued, but actors’ union SAG-AFTRA has filed an unfair labour practice charge in retaliation for the use of AI.



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SEC Charges Unicoin, Executives Over Alleged $110 Million Crypto Fraud

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In brief

  • The SEC has charged Unicoin and top executives with allegedly misleading over 5,000 investors in a $100 million crypto offering.
  • Regulators said Unicoin made false statements about asset backing, registration, and the total amount raised.
  • The SEC alleges Unicoin’s marketing campaign used widespread advertising to promote the offering as a secure investment.

The U.S. Securities and Exchange Commission on Tuesday charged New York-based Unicoin and three of its top executives with allegedly misleading investors and raising more than $100 million through false claims about crypto asset offerings and company stock.

In a complaint filed in the Southern District of New York, the SEC accused Unicoin CEO Alex Konanykhin, board member Silvina Moschini, and former Chief Investment Officer Alex Dominguez of promoting so-called “rights certificates” tied to Unicoin tokens through allegedly false or misleading statements.

The complaint also targets the company’s general counsel, Richard Devlin, for misleading statements in private placement memoranda. Without admitting wrongdoing, Devlin has agreed to pay a $37,500 penalty and accept a permanent injunction.

“We allege that Unicoin and its executives exploited thousands of investors with fictitious promises that its tokens, when issued, would be backed by real-world assets including an international portfolio of valuable real estate holdings,” Mark Cave, associate director in the SEC’s Division of Enforcement, said in a statement. “But as we allege, the real estate assets were worth a mere fraction of what the company claimed.”

The case comes as the SEC, under the Trump administration, has retreated from several high-profile crypto enforcement actions, including recent cases against Coinbase, Ripple, Kraken, and Consensys.

Recent actions against Coinbase, Ripple, Kraken, and Consensys have been dropped amid a broader shift away from the more aggressive regulatory stance taken by the previous administration.

According to the SEC, Unicoin falsely claimed its tokens were registered with the agency and that it had raised $3 billion in rights certificate sales, when it raised just over $110 million.

The agency further alleges Konanykhin personally sold nearly 38 million certificates to investors otherwise barred from participating.

Unicoin allegedly placed ads in airports, taxis, and on television to attract investors, presenting the offerings as “next generation” secure investments.

Speaking to Decrypt in April, Konanykhin vowed to contest the charges in court. “I fully intend to win this case in the courtroom,” he said. “It’s grotesque that the most compliant crypto company in the U.S. remains the only one being persecuted by the SEC.”

He argues the lawsuit doesn’t represent the views of the current SEC leadership. 

“This is being driven by rogue officials left over from the Gensler administration who are trying to cover themselves by bullying us into a false admission of guilt,” Konanykhin said at the time.

The SEC is seeking injunctive relief, disgorgement, and civil penalties against all named defendants, as well as officer-and-director bans for the three senior executives.

Konanykhin has been contacted for comment.

Edited by Sebastian Sinclair

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KindlyMD shareholders approve Bitcoin pivot via Nakamoto Holdings merger
Crypto Trends

KindlyMD shareholders approve Bitcoin pivot via Nakamoto Holdings merger

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KindlyMD shareholders have approved a merger with Bitcoin holding firm Nakamoto Holdings, paving the way for the creation of a publicly traded Bitcoin-focused conglomerate.

According to a May 20 announcement from the U.S.-based healthcare services provider, both companies will now file information statements with the Securities and Exchange Commission. 

The merger is expected to close 20 days after these disclosures are shared with shareholders. Completion is targeted for the third quarter of 2025.

Nakamoto Holdings, led by Donald Trump’s crypto adviser David Bailey, is a newly formed entity that seeks to consolidate Bitcoin-native businesses under one umbrella.

The deal gives Nakamoto Holdings a Nasdaq-listed vehicle to pursue its goal of turning Bitcoin into a foundational asset across global capital markets.

The merged firm plans to scale its Bitcoin holdings per share, a concept Bailey refers to as “Bitcoin Yield,” through equity, debt, and hybrid offerings. 

Though KindlyMD will continue operating its clinics focused on opioid reduction and alternative therapies, the new entity’s core focus will be financial, not medical.

“We are grateful that KindlyMD shares our vision for a future in which Bitcoin is a core part of the corporate balance sheet, and investors across global capital markets have exposure to the world’s greatest asset and store of value,” Bailey said in an accompanying statement.

The companies first announced the proposed merger on May 12. At the time, they described plans to launch a network of Bitcoin-native firms while using the merged balance sheet to accumulate BTC. 

Details of the merger were announced alongside a $710 million capital raise, with Nakamoto securing $510 million through a private placement and $200 million via convertible notes, which, according to Nakamoto, was the largest PIPE in any public crypto-linked transaction to date.

Bailey, who will become CEO of the merged entity, has likened his vision to building a modern counterpart to the Rothschilds or Morgans, except with Bitcoin as the reserve asset. 

“Every balance sheet, public or private, will hold Bitcoin,” he said at the time.

News of the merger sent shares of KindlyMD (KDLY) soaring more than 650% in premarket trading when it was first announced. Shares closed May 20 at $15.22, up 9% on the day, and climbed another 4.8% in after-hours trading. KDLY is now up over 979% year-to-date.

Bitcoin’s growing role as a treasury asset

With Bitcoin gaining traction as a corporate treasury asset, the KindlyMD–Nakamoto merger adds to a broader wave of public companies across the globe that have integrated Bitcoin into their financial strategies.

In the healthcare space, Basel Medical Group entered exclusive talks to buy up to $1 billion worth of Bitcoin earlier this month, while Semler Scientific has also joined the trend, and has been consistently building a sizable Bitcoin stash, holding 3,808 BTC as of May 21.

Meanwhile, in Latin America, Brazilian fintech Méliuz became the first publicly traded company in the region to adopt Bitcoin as a treasury asset, following shareholder approval earlier this month. 

Over in the Middle East, Al Abraaj Group kicked off its Bitcoin strategy with an initial 5 BTC purchase, while signalling plans to acquire more.

Strategy—formerly MicroStrategy—was the first major public company to adopt Bitcoin as a primary treasury asset back in 2020, effectively popularizing the corporate Bitcoin playbook. 

Recently, the firm disclosed a fresh $765 million purchase, adding 7,390 BTC to its balance sheet.



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Fortnite is finally back on US iPhones
Gaming Gear

Fortnite is finally back on US iPhones

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Apple kicked Fortnite off the App Store nearly five years ago after Epic Games added its own in-app payment system to the game, which violated Apple’s rules. But after a major court ruling in Epic Games v. Apple that forced Apple to not take fees from purchases made outside of apps, the game is available to play on US iPhones once again.

Shortly after the big ruling hit, CEO Tim Sweeney said that Epic planned to bring back Fortnite to iOS in the US. He also made a “peace proposal:” “If Apple extends the court’s friction-free, Apple-tax-free framework worldwide, we’ll return Fortnite to the App Store worldwide and drop current and future litigation on the topic.“

Late last week, Epic said that Apple had blocked Fortnite’s return to the App Store, and the game also became unavailable on other alternative app stores in the EU. However, Apple said that it had “asked that Epic Sweden resubmit the app update without including the US storefront of the App Store so as not to impact Fortnite in other geographies” and that “we did not take any action to remove the live version of Fortnite from alternative distribution marketplaces.”

Epic asked the judge in the Epic v. Apple case to order Apple to review its Fortnite submission on May 16th. Yesterday, the judge said in a filing that Apple is “fully capable of resolving this issue without further briefing or a hearing,” and that if a resolution wasn’t reached, the Apple official who “is personally responsible for ensuring compliance” would have to appear at a hearing next Tuesday.

However, shortly after Fortnite returned to the App Store on Tuesday, Epic and Apple filed a joint notice saying that they have “resolved all issues” from Epic’s May 16th filing. Apple didn’t immediately reply to a request for comment.

Epic also recently rolled out a new promotion to encourage players to use its payment systems: if you use Epic’s system in Fortnite, Rocket League, or Fall Guys on PC, iOS, Android, and the web, the company will give you 20 percent back in Epic Rewards that can be used for other purchases in its games or on the Epic Games Store.

In the iOS version of Fortnite that was released on Tuesday, the app shows you that 20 percent bonus when you pick which payment system you want to use to buy V-Bucks.

If you get the app from the App Store, it will be a small initial download, and after you actually open the app, it will download the rest of the game. For a colleague, that additional download was 12.95GB.

Update, May 20th: Added details of Epic and Apple’s joint notice.



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Bob Odenkirk in Nobody 2
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Michael Bay drops cryptic teaser for Skibidi Toilet movie as film begins production

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Production on Michael Bay’s Skibidi Toilet movie has officially begun, and the director has already shared a weird teaser that’s left fans confused… and excited.

In February 2023, Alexey Gerasimov – via his YouTube channel DaFuq!?Boom! – uploaded an 11-second video of a man’s head emerging from a toilet singing a nonsensical version of Timbaland’s ‘Give It To Me.’ It spawned the world of Skibidi Toilet, one of the internet’s strangest and biggest sensations.

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Without getting too deep into the lore, it has a simple story: the Skibidi Toilets try to take over the human race, sparking a war against the Cameramaen, Speakermen, and TV-men. However, down the line, they need to contend with the Astro Toilets, a race of extraterrestrial toilets that pose a grave threat to Earth.

Okay, maybe it’s not that simple, but Bay’s involvement makes sense; it is one of the most explosive and irreverent web series ever made, and he’s made some of the best action movies of all time. Now, the film is shooting, and the director is giving fans a taste of what to expect.

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Michael Bay’s Skibidi Toilet teaser leaves fans confused

After Invisible Narratives (Bay’s media company) dropped a press release announcing Skibidi Toilet was in production, the filmmaker posted an Instagram Reel that may indicate what the film is actually about.

The reel shows the Bayhem logo (a term Bay has now trademarked), before you see two people looking up at the sky. “They are coming,” the text on the video reads.

Could it be that the film will mostly revolve around the conflict with the Astro Toilets, with the movie giving more of an overview of the battles between the Skibidi Toilets and humanity’s alliances?

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“Wonder if the Skibidi Toilets are going to be aliens invading Earth. If so, that sounds cool,” one user commented. “Skibidi toilet alien invasion type of movie?” another speculated. “The Skibidi Toilets/Astro Toilets are about to invade Earth,” a third wrote.

DaFuq!?Boom!

Others are still baffled, but that doesn’t mean they’re not hyped. “I seriously, SERIOUSLY cannot f**king believe this is real. Wtf is the STORY even going to be?” one user wrote.

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“This needs to be the most violent, action-packed movie you’ve ever made,” another commented.

Four days prior, Bay posted another reel of an AI-generated street with battered buildings and raging fires. “Don’t worry, not going to use AI in my films – but there is a clue here,” he wrote, and it’s clear now that it’s linked to Skibidi Toilet.

Beyond this, little has been confirmed about what shape the movie will take; will it be live-action or a hybrid with animation, will it include dialogue, and who will star in it? Hopefully these questions are answered soon.

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We know the project has tapped VFX supervisor Rob Legato (who served in the same role on Avatar and Titanic), so you should expect an enormous spectacle.

In an earlier statement, Invisible Narratives CEO Adam Goodman promised that if they ever “decided to go film or television” that it would be “lifted beyond the resources that creators have on the internet.”

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In the meantime, keep tabs on the year’s releases with our 2025 movie calendar and check out our list of the best movies of all time.

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Texas House Advances Bitcoin Reserve Bill With Bipartisan Backing

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In brief

  • The Texas House passed Senate Bill 21 on second reading with a 105-23 vote, advancing it to third reading.
  • An amendment adopted Tuesday requires eligible cryptocurrencies to maintain a $500 billion market cap over 24 months.
  • If enacted, Texas could become the second U.S. state to establish a government-managed Bitcoin reserve, after New Hampshire.

The Texas House of Representatives voted Tuesday to approve Senate Bill 21, its state Bitcoin reserve bill, pushing it past a critical legislative hurdle.

The House began by adopting an amendment from Representative Linda Garcia (D-TX) that doubled the required market capitalization period from 12 to 24 months.

Buoyed by strong bipartisan support, the House passed the Senate Bill 21 with a 105-23 vote, advancing it to a third reading.

The bill is a “forward-thinking measure” that would help recognize digital assets “not as a trend but as a strategic opportunity” key to “strengthening the state’s fiscal resilience,” Giovanni Capriglione (R-TX), its House sponsor, said before the final vote.

Officially dubbed the Texas Strategic Bitcoin Reserve and Investment Act, the bill establishes a framework for the state comptroller to maintain and manage crypto holdings as a “special fund outside the state treasury.”

Initial discussions and proposals for it were first floated in December last year under H.B. 1598.

Under the proposed legislation, the reserve can hold Bitcoin and potentially other cryptos as “a hedge against inflation and economic volatility,” according to the bill text’s House committee version.

The comptroller also needs to submit a report every two years to the legislature on crypto holdings, their value, and any changes during that time. An advisory committee, including crypto investment experts, will guide the comptroller on reserve management.

Progress on Texas’s Bitcoin reserve bill comes roughly two years since the Lone Star state established itself as a major crypto mining hub, consistently ranking as a top choice for crypto mining firms across the U.S.

Still, the bill requires passage on third reading in the House.

Since it was amended, any differences between the House and Senate versions would need to be reconciled before final approval by both chambers.

Only then would it head to the governor’s desk, potentially establishing America’s second state-managed Bitcoin reserve after New Hampshire earlier this month.

The state of Arizona would have followed, but its governor nixed its Bitcoin bill, with only a companion bill for unclaimed crypto being passed two days later.

Edited by Sebastian Sinclair

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Start every day with the top news stories right now, plus original features, a podcast, videos and more.



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