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Bitcoin

$670M in Bitcoin Moved to Major U.S. Crypto Exchange In Mere Hours

by admin May 22, 2025

On May 22, leading U.S.-based crypto exchange Coinbase received large transfers involving a total of 6,016 BTC from multiple unknown whales, according to recent data from on-chain tracking platform Whale Alert.

According to the data source, the massive Bitcoin transfers, worth more than $670 million, were executed consecutively in 13 separate, identical transactions.

The 13 transactions saw transfers made in identical amounts, with different unknown wallets sending 463 BTC to Coinbase 11 times. The remaining two transfers involved 462 BTC and 461 BTC, bringing the total Bitcoin inflow to 6,016 BTC in just a few hours.

Although the tracker could not identify the sender’s address, it revealed that the transactions were made from separate unknown accounts.

Whales dump on Bitcoin Pizza Day?

With the large BTC transfers coming during a major Bitcoin bull run that saw the leading cryptocurrency set new records and hit a new all-time high, the move has sparked discussions among the crypto community.

The timing has caught the attention of market participants as it coincides with the legendary Bitcoin Pizza Day, causing enthusiasts to speculate about the motive behind the transfer.

While the transfers were consistent in size and happened in rapid sequence, there are suggestions that it might be a coordinated activity from a single institution attempting to dump its Bitcoin stash.

Bitcoin Breaks Records as Market Value Hits Historic Peak – Here Are The Key Drivers

by admin May 22, 2025

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

The crypto market recently witnessed a historic moment as Bitcoin, the largest digital asset, rallied hard to a new all-time high on Wednesday, triggering renewed optimism in the sector. After the milestone, BTC’s bullish performance has been analyzed and attributed to several key favorable conditions.

Triggers Behind Bitcoin’s Sharp Growth

Since gaining upward traction in April, the market value of Bitcoin has officially risen to a new all-time high of $111,867, surpassing its previous peak at the $109,241 level achieved during United States President Donald Trump’s inauguration on January 20. The notable upsurge to a new peak marks a major turning point in the cryptocurrency’s development as a widely recognized financial instrument. However, this spike is being driven by a combination of strong variables rather than speculative hype.

According to Santiment, a leading on-chain data platform, this milestone was reached just six weeks after the news of Trump’s tariffs caused the crypto sector to display extreme FUD (Fear, Uncertainty, and Doubt). This is a clear example that crypto markets have often moved in the opposite direction of institutional whales’ capital and retail expectations.

The on-chain platform has also taken a step to outline the key factors that supported the recent rally to a new all-time high. Aside from the tariffs being lowered and the 90-day truce between the US and China, a major factor behind the BTC’s rally highlighted by Santiment has been the increasing number of institutional investors.

BTC’s milestone triggering crowd interest | Source: Santiment on X

This heightened institutional interest has been observed among top asset management firms like BlackRock, Fidelity, Ark Invest, and others. Santiment noted that BlackRock’s interest is evidenced by the expansion of its BTC holdings through its Spot Bitcoin ETF, IBIT, which currently breached the $20 billion milestone. During the period, Fidelity and Ark Invest have also reported record inflows.

BTC’s notable surge has triggered bullish sentiment in the sector. Due to ongoing tariff uncertainties and widespread jadedness, there has not been much FOMO, therefore, the path was paved for BTC to finally create history.

BTC’s Bullish Move Set To Extend To New Highs

Over time, Bitcoin has swiftly transformed from a speculative asset to a vital part of diversified investments. This is because of its increasing inclusion in the portfolios of significant asset managers and hedge funds. With the growing presence and crowd’s greed, Santiment is confident that BTC might surge to the $115,000 and $120,000 price range in the near future.

Ali Martinez, a crypto analyst and trader, also predicted a continuation of the uptrend, claiming that BTC is entering price discovery. Given the robust performance so far, Martinez believes that the next key levels to watch include $116,000, $126,000, $136,000, and $148,000.

At the time of writing, Bitcoin was trading at $110,834, demonstrating a nearly 9% increase in the past week. Data from CoinMarketCap shows that investors are capitalizing on the ongoing upward trend as BTC’s trading volume has risen sharply by more than 73% in the past day.

BTC trading at $110,514 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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May 22, 2025 0 comments

GameFi Guides

Bitcoin sees limited profit taking with BTC price up 3.7%

by admin May 22, 2025

Bitcoin price remained near its all-time high after a stellar surge on May 21, with bulls largely in control as the market eyed price discovery.

After hitting highs of $111,861, Bitcoin (BTC) traded to around $110,300 before rebounding higher.

Despite the spike to a fresh peak, with Bitcoin outpacing the Dow Jones Industrial Average as stocks struggled, the market hasn’t witnessed a significant profit taking scenario so far.

What are analysts saying about Bitcoin price?

Notably, all BTC addresses flipped profitable as the cryptocurrency rallied. Yet on-chain data shows the benchmark digital asset is “still not overheated.”

CryptoQuant analyst Crypto Dan posited that despite the run to a new ATH, profit taking is so far mild.

“Overheating indicators such as the funding rate [and] short-term capital inflow remain low compared to previous peaks, and profit-taking by short-term investors is limited.”

Alex Wacy, a popular crypto analyst and investor, noted via a post on X that while BTC storms to a new ATH, “there’s no mania.”

He pointed to Google searches being low, with retail not yet in fear of missing out territory.

$BTC is hitting a new all-time high.

But look around: there’s no mania.

Google searches are quiet. Retail is still asleep. CT is loud, but it always is. The broader public isn’t rushing in — not yet.

It’s a familiar pattern. Hype always lags price. Interest follows… pic.twitter.com/hzd2sXyPpc

— AlΞx Wacy 🌐 (@wacy_time1) May 22, 2025

But as Bitcoin quietly edges towards price discovery, something else is at historic levels – the global M2 money supply. Currently, this sits at over $22 trillion.

“That means there’s more money in the system than ever before. But it’s not backed by an equivalent increase in productivity, goods, or services. It’s just… more money,” the analyst noted.

No frenzy means it’s still early days for Bitcoin, Wacy said. His forecast aligns with overall market sentiment that Bitcoin’s price could target $150k or higher in 2025. On May 21, 2025, as BTC price broke past its January 2025 peak, Michael Saylor said buying at the top could still be profitable long-term.

The confidence in Bitcoin price going higher could be why a whale just sold recently acquired Ether (ETH) and continues to hodl the BTC.

Per Lookonchain, a whale who scooped 30,000 ETH and 600 BTC on April 27, 2025 has sold all 30k ETH. However, the address still holds all 600 $BTC purchased for $56.9 million. The whale’s Bitcoin haul was worth over $66.5 million as prices hovered above $111k.

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May 22, 2025 0 comments

Crypto Trends

Why one Bitcoin could soon mean one bit

by admin May 22, 2025

Bitcoin’s complicated decimals might soon be history if a new plan to redefine the base unit as the real “Bitcoin” gets adopted.

Bitcoin (BTC) has always had a little quirk that confuses even longtime users: the way it’s measured. Officially, one Bitcoin equals 100 million “base units” — also called “satoshis” or “sats” — but in the industry, it’s usually discussed in decimals, like 0.0001 BTC or 0.345 BTC. This setup, while familiar, can sometimes be a bit of a mess. And now, there’s a proposal on the table that might just shake things up.

The idea behind BIP-0177, submitted by Synonym.to CEO John Carvalho and Bitcoin developer Mark “Murch” Erhardt, is pretty simple: it wants to flip the whole system on its head by redefining one Bitcoin to actually mean one base unit. That means the smallest indivisible unit of Bitcoin would become the main reference point.

No more decimals, no more fractions — just whole numbers. So what used to be “1 Bitcoin” (or 100 million base units) would become 100 million Bitcoins, and what the industry used to think of as a satoshi would simply be called a Bitcoin.

The proposal may seem unconventional, but its backers argue it could help clarify much of the confusion surrounding Bitcoin’s underlying structure as the update “aims to simplify user comprehension, reduce confusion, and align on-chain values directly with their displayed representation,” the proposal says.

Decimal mindset

Currently, Bitcoin’s ledger records all transactions in discrete, indivisible units — whole numbers. The decimals commonly used are human-imposed abstractions, comparable to imagining that a dollar consists of a billion tiny cents. According to the proposal, this has fostered a “persistent decimal mindset” that misrepresents how Bitcoin actually works.

In their own words, the current convention “requires dealing with eight simulated decimal places, which can be confusing and foster the misconception that bitcoin is inherently decimal-based.”

Sats in 1 Bitcoin | Source: River

So, by redefining the base unit as “one Bitcoin,” BIP-0177 aims to align the displayed values with the underlying structure of the network. This change would eliminate the need to interpret small decimal values, such as 0.000001 BTC, and instead present all amounts as whole numbers.

To give an example, something that today displays as 0.00010000 BTC would become ₿10,000, or just 10,000 Bitcoins under the new system. Ten Bitcoins today? That would be ₿1,000,000,000 or one billion Bitcoins. The currency code BTC remains unchanged, so when someone says 1 BTC, they still mean the old standard of 100 million base units. But in user interfaces and apps, the new “Bitcoin” would be the base unit.

‘Will reduce clarity’

This switch isn’t mandatory, though. Applications would be able to offer toggles between the old decimal system and the new integral one, easing users into the change. The proposal even suggests using the ₿ symbol optionally to represent the base-unit bitcoin.

MNEE CEO Ron Tarter agrees that removing the decimal place will be easier for everyday people to understand, but warns about naming confusion.

“Removing the decimal place will be easier for everyday people to understand. However, the name of the base unit should either stay as ‘sats’ or be renamed to a word that is not already being used to describe a sum of BTC. That will reduce clarity rather than enhance it. Whether you call it a“sat” or something else, most new users still need someone to explain what it is and why owning a small piece of Bitcoin/BTC is valuable. That confusion doesn’t go away with a rename.”

Ron Tarter

The motivation behind BIP-0177 isn’t just about aesthetics. The BIP team argues that the shift would:

Simplify mental arithmetic by using integers only, which could reduce user errors.
Align user perception with how Bitcoin actually works, counting whole units, not decimals.
Make it easier to teach newcomers about Bitcoin, by removing a confusing decimal layer.

Future-proof Bitcoin’s units for growth and adoption, avoiding the need for more denominations or decimals down the line.

There’s also a bit about perception. Since the total supply of base units is about 2.1 quadrillion, the new counting method makes Bitcoin’s supply look huge. But the proposal points out this is just a representation change, not a supply increase. It’s similar to how currencies like the Japanese yen or Indonesian rupiah have high unit counts, but nobody thinks of those as inflated.

Cleaner fix

Not everyone agrees with BIP-0177’s approach. An alternative, BIP-176, suggested using “bits” — each bit being one-millionth of a Bitcoin (or 100 satoshis) — to reduce decimal places. But BIP-0177’s authors think that still keeps you stuck in the decimal mindset. Bits just shift the problem around, forcing users to juggle multiple denominations (BTC and bits).

They say the “bits” proposal “does not realign the displayed value with the integral nature of Bitcoin’s ledger,” adding that “it continues to rely on fractional units, masking the fundamental integer-based accounting that Bitcoin employs.” In other words, BIP-0177 sees itself as a cleaner, more durable fix by cutting out fractions altogether.

GoMining CEO Mark Zalan told crypto.news that Bitcoin’s biggest challenge in the coming crypto cycle is moving beyond its role as a store of value — often called “digital gold” — toward becoming a true medium of exchange. He believes that increased transaction activity on the Bitcoin network will drive mass adoption and multiply Bitcoin’s value many times over.

“We believe this innovation may be a move in the right direction: it makes it easier for users to pay and manage balances in hundred-millionth units. Whether this fraction is called a satoshi or a bit is ultimately a matter of preference. Overall, the proposal is useful.”

Mark Zalan

Zalan stressed that mass adoption hinges on solving two key issues: instant transaction confirmation, which is necessary for supporting a broad network of point-of-sale terminals, and keeping transaction fees low.

One tricky part is the term “satoshi” or “sat,” which many in the community love. It’s a nod to Bitcoin’s mysterious creator Satoshi Nakamoto, and “stacking sats” has become a meme. The proposal acknowledges that, saying that “while culturally valuable, the term introduces an implicit second denomination layer that contradicts the goal of this BIP.”

The MNEE CEO says “sats” have become part of Bitcoin’s culture, adding that “it’s in the memes, the language of the community, and even the behavioural framing — people don’t just buy Bitcoin anymore, they ‘stack sats.’”

He adds that while this debate may seem cosmetic, the cost is deeper than it appears. At best, it’s a lateral move in usability; at worst, it adds confusion and friction by forcing the community to relearn its own vocabulary. Tarter suggests that if renaming is necessary, the community might as well pick a name that actually signals meaning, like “fracks,” short for fractions, but really, “sats already work — and Bitcoin already earned that branding through adoption. Why change it away now?”

Ideological shift

The proposal doesn’t ban the word, but it does push for using “Bitcoin” as the sole unit in wallets, exchanges, and documentation to keep things simple and consistent.

Tarter cautions that changing the name from “sat” to “Bitcoin” could make things more confusing for users. He noted that people are “already used to 100,000,000 satoshis being equal to 1 Bitcoin,” adding that “hundreds of millions of people are familiar with this framework.”

“If you start referring to 1 satoshi as being 1 Bitcoin, that will obviously be confusing for a lot of people. Frankly, most users aren’t asking for a new name — they’re asking for clearer interfaces, simpler conversions, and fewer barriers to using Bitcoin in real life.”

Ron Tarter

This change wouldn’t alter Bitcoin’s blockchain or its consensus rules; it’s purely a shift in how values are displayed. The underlying ledger would continue to operate in base units as it always has. Implementing the new system would require developers to update user interfaces, APIs, and documentation, while adoption would involve a period of adjustment to viewing large whole numbers instead of decimals.

That said, there are some concerns about confusion during the transition. People used to decimals might think their holdings suddenly jumped or shrank. To avoid that, the BIP recommends dual displays, tooltips, and clear education to help folks understand the equivalence.

Interestingly, some wallets, like Bitkit, have already tried showing Bitcoin amounts as integers, and the experience has been smooth. The proposal lays out a phased approach to adoption:

In the first 3-6 months, roll out dual displays and educational materials in pilot apps.
Over 6-12 months, more services adopt integer-only displays by default, supported by community coordination.
After a year or more, the integer format becomes the norm, and references to decimal Bitcoin fade away.

Whether the Bitcoin community embraces this new way of thinking remains to be seen.

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May 22, 2025 0 comments

NFT Gaming

UK Appeals Court Dismisses Bitcoin SV Investors’ $13.3B Damages Bid Against Binance

by admin May 22, 2025

In brief

The UK appeals court has dismissed the bulk of a $13.3B class action against Binance, rejecting claims that BSV could have reached Bitcoin-level value if not delisted in 2019.
The court ruled damages were speculative and unsupported, saying that investors had a duty to mitigate losses by selling in an open market.
The scope of the lawsuit was significantly narrowed, though smaller claims from investors who lost access or sold at a loss may still proceed.

The UK Court of Appeal has dismissed the majority of a $13.3 billion (£10 billion) class action against crypto exchange Binance, dealing a major blow to Bitcoin SV (BSV) investors who said the company’s 2019 delisting of the token crushed its growth potential.

The court rejected the investors’ “foregone growth effect” theory, which suggested BSV would have reached price levels similar to Bitcoin had it not been removed from major trading platforms, in a judgment handed down on Wednesday.

The claim sought 352 times the original value of BSV held by “sub-class B” investors, but the court deemed it speculative and ruled it could not proceed.

“I asked Mr. John Wardell KC… how the representative could possibly claim hundreds of times more than the value of the assets that the defendants had allegedly damaged,” wrote Master of the Rolls Sir Geoffrey Vos in the ruling. “He was unable to give any answer.”

Wardell, a senior barrister at Wilberforce Chambers, represents BSV Claims Limited, the entity bringing the collective action on behalf of over 240,000 UK-based investors.

Last week, his team asked the court to revive the dismissed claims, including a “loss of chance” theory.

The Court found that the claimants’ own expert had relied on comparators like Bitcoin and Bitcoin Cash to estimate damages, undermining the argument that BSV was a unique or irreplaceable asset.

It also dismissed the “loss of chance” claim, ruling it was not legally applicable.

The judges explained the damages sought did not involve missed opportunities tied to third-party decisions or realistic probabilities.

Instead, the claim turned on whether BSV would have developed into a top-tier cryptocurrency, a question the Court said could be resolved on the balance of probabilities and not through speculative or fallback theories.

In doing so, the Court affirmed the Competition Appeal Tribunal’s July 2024 decision, which applied the “market mitigation rule,” a legal principle requiring claimants to take reasonable steps to reduce their losses when a functioning market is available.

Decrypt has reached out to Binance for comment and will update this story should the exchange respond.

Lawsuit narrowed

The judgment narrows the lawsuit, which also targets Kraken, ShapeShift, and Bittylicious over their 2019 delistings of the BSV token.

The BSV token, the full name of which is Bitcoin Satoshi Vision, was created by Craig Wright, whose claim to be Bitcoin creator Satoshi Nakamoto was dismissed by a UK court earlier this year.

While the Appeal Court dismissed the largest part of the lawsuit against Binance, some smaller claims could still move forward.

These include claims from investors who lost access to their BSV after it was removed from exchanges, or who sold it at a loss soon after the delisting.

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May 22, 2025 0 comments

Promising Investments as Bitcoin Explosion Promises New Altcoin Season

Crypto Trends

Best Altcoins to Buy as Bitcoin Explosion Promises New Altcoin Season

by admin May 22, 2025

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

After hitting ATH after ATH, Bitcoin ($BTC) is now edging close to the $111K mark after briefly touching it earlier today.

A combination of institutional demand, supply-side dynamics, and broader macroeconomic conditions has driven $BTC’s recent surge to a record high.

As $BTC dominates the spotlight, crypto analysts are eyeing what could come next. A new altcoin season is high on their radar, as the best altcoins are set to explode.

$BTC Jumps 71% in Daily Volume & Overtakes Amazon

Underscoring $BTC’s market authority, its 24-hour trading volume is up by over 71% and its market cap is an eye-boggling $2.19T.

Source: CoinMarketCap

Following the rise, $BTC made history again yesterday, overtaking Amazon in market cap. Consequently, it’s now the fifth most valuable asset on the planet.

A key reason for this is the influx of capital into US-listed spot Bitcoin ETFs, which have snagged over $2.8B in net this month.

These products have propelled the total number of held Bitcoin ETFs to surpass $122B, further reflecting investors’ growing appetite for exposure to the #1 crypto.

The April halving event also contributed to the crypto king’s rise. It tightened Bitcoin’s supply, slashing block rewards in half and reducing the rate at which new $BTC enters circulation.

Halving events have, historically, acted as bullish catalysts in creating scarcity. And this cycle appears to be no different.

Macroeconomic tailwinds also contribute to the $BTC buzz. Looser monetary conditions, increased market liquidity, and geopolitical uncertainty – particularly heightened trade tensions – have caused the US dollar to weaken. In turn, this has propelled riskier assets like $BTC.

Since Donald Trump was elected president on November 5, the US dollar has declined by over 7% over the past six months.

Source: TradingView

As the flagship crypto continues to stand tall in both DeFi and TradFi, attention turns to a broader altcoin rally possibly being on the horizon.

But according to eToro Australia analyst Reece Hobson, a true altcoin season will only kick off when two key events align: ‘Quantitative easing must begin, injecting more liquidity into the system, and Bitcoin dominance needs to hit around 70%.’

Per CoinGecko data, $BTC’s dominance currently stands at 61.50%, so it shouldn’t be too long until it reaches that target.

Source: CoinGecko

Now could be the perfect time to enter the new altcoin season before rising demand sends prices soaring.

Ahead of the highly anticipated market frenzy, we’re bullish on BTC Bull Token ($BTCBULL), MIND of Pepe ($MIND), and Hyperliquid ($HYPE) – and for good reasons.

1. BTC Bull Token ($BTCBULL) – Win Free $BTC Before the Crypto King Possibly Reaches $300K

Do you want to ride the Bitcoin and altcoin rally without spending a fortune? The BTC Bull Token ecosystem makes that possible. It offers a novel way to earn free $BTC, plus snag more of its native token, $BTCBULL.

Imagine receiving $BTC automatically when Bitcoin hits new milestones ($150K and $200K). Well, the BTC Bull Token ecosystem does precisely that.

To top it off, you can anticipate winning a large $BTCBULL airdrop when the crypto leader hits the $250K mark.

Source: BTC Bull Token

For airdrop eligibility, all you need to do is buy and hold $BTCBULL in Best Wallet, our #1 anonymous crypto wallet. You can also save on gas fees when buying $BEST, its native coin.

Crypto analyst ‘PlanB’ predicts that $BTC could soar to $300K if the S&P 500 hits 7K points by year-end. With markets heating up and momentum building, the airdrops might be a stone’s throw away.

Source: X (PlanB)

You can stake $BTCBULL for additional income at a 67% APY. Over 1.5M tokens have already joined the staking pool, showing strong community trust and growing investor confidence.

And there’s more. $BTCBULL has planned token burns when $BTC hits $125K, $175K, and $225K. Reducing its token supply at these key milestones could increase its demand and price as Bitcoin rallies.

With over $6M already raised on presale, fueled by a whale investor recently contributing $19K and then another $20K, momentum is clearly building.

You can buy $BTCBULL for just $0.002525. Its price will increase in two days and could reach $0.006467 after exchange listings, so now’s a prime time to get involved.

2. MIND of Pepe ($MIND) – AI-Powered Altcoin Nears Presale Close With $9.8M Raised

MIND of Pepe ($MIND) is quickly emerging as a standout altcoin, having raised $9.8M ahead of its presale close on May 31, 2025 – the final chance to buy before it hits the open market.

At the heart of the MIND of Pepe ecosystem is an AI agent that launched on May 10, 2025. It scours social media, dApps, and Web3 ecosystems to detect early market trends.

Such insights are already being shared with $MIND holders, and some public updates are also posted on its X account (@MIND_agent) and the MIND of Pepe Telegram channel.

X (MINDagent)

The agent is rapidly expanding to stay ahead of the curve. It’s getting ready to integrate tools like persona-trained large language models (LLMs), Solana and DexScreener trackers, retrieval-augmented generation (RAG), and vector embeddings.

Soon, holders will also gain entry into the MIND of Pepe Terminal, a live dashboard that delivers real-time market analytics and trading signals for an even sharper edge.

Now’s your last chance to buy $MIND for $0.0037515. It’ll likely get a bigger boost once listed on the best crypto exchanges, possibly bringing its price to $0.00535.

3. Hyperliquid ($HYPE) – Daily Market Cap Surges 18% Over Powering Leading DEX

Last but not least, there’s $HYPE. Its market cap has spiked by 18% since yesterday, reaching $10.43B.

Albeit more expensive at $31.15, its sharp rise makes it one to watch as the bull run continues to unfold.

$HYPE turns heads as the backbone of Hyperliquid, the highest-ranked DEX that commands 45%+ of the market share and boasts a daily trading volume exceeding $19B.

Source: CoinMarketCap

Ultimately, it wants to rival CEXs’ speed and features while maintaining decentralization’s transparency and self-custody benefits.

$HYPE serves several purposes within the Hyperliquid ecosystem, including governance, staking, and gas token fees. Therefore, after buying the coin, you can spur the DEX’s overall direction, earn staking rewards, and pay for transaction fees seamlessly.

You can buy the coin on various exchanges, including Bitget, MEXC, and KuCoin.

Invest Before a Possible New Altcoin Season

$BTC’s explosive spike, spurred by ETFs, a post-halving supply crunch, and macro conditions, possibly lays the groundwork for a new altcoin season.

If you’re waiting for the right moment to capitalize on the best altcoins, that moment is now.

Whether you want to win free $BTC, receive hot crypto insights ahead of the rest, or have governance rights in the top-ranked DEX, $BTCBULL, $MIND, and $HYPE are worth a look.

However, you must always DYOR and never invest more than you’d be sad to lose. Only time can truly test their market success.

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May 22, 2025 0 comments

GameFi Guides

Bitcoin STHs Took $11.6 Billion In Profit Over Past Month

by admin May 22, 2025

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

A report from Glassnode has revealed how profit-taking from the Bitcoin short-term holders has noted a large uptick in the past month.

Bitcoin Short-Term Holder Realized Profit Has Shot Up Recently

In its latest weekly report, the on-chain analytics firm Glassnode has talked about how the profit-taking spree from the Bitcoin short-term holders has looked recently.

The “short-term holders” (STHs) refer to the BTC investors who bought their coins within the past 155 days. This part of the market is considered to include the fickle hands, who easily react to happenings related to the cryptocurrency.

Given this, it’s only natural that the recent rally, which has now brought the asset to a brand new all-time high (ATH), would have also induced a reaction from this group.

An indicator that can be useful to gauging the selling reaction related to rallies from this group is the “Realized Profit.” This metric measures the total amount of profit that the STHs are ‘realizing’ through their transactions.

The indicator works by going through the transfer history of each coin being sold by the members of the cohort to see what price they initially received it at. If this cost basis is less than the spot price that they are now selling at, then the coin’s sale is considered to be leading to the realization of some net profit.

This profit is naturally equal to the difference between the two prices. The Realized Profit calculates this value for all profit transactions to find the total for the STHs as a whole.

Now, here is the chart shared by the analytics firm in the report that shows the trend in the Bitcoin STH Realized Profit over the last few months:

Looks like the value of the metric has been quite high in recent weeks | Source: Glassnode’s The Week Onchain – Week 20, 2025

As is visible in the above graph, the Bitcoin STH Realized Profit has remained at elevated levels throughout the past month, indicating that the members of this cohort have predictably been participating in profit-taking.

So far, the profit realization from the STHs has witnessed a peak of $747 million per day, which is quite substantial. In total, this cohort has harvested around $11.6 billion in gains since the start of the selloff.

“For comparison, over the previous 30d period, only $1.2B of profit was realized, underscoring how drastic the rebound in new investor sentiment and spending behavior has been,” notes Glassnode.

While this profit-taking spree has been large on its own, it has still been lower than the highs seen in late 2024. It now remains to be seen whether the Bitcoin STH Realized Profit would expand further in the coming days and if it does, whether incoming demand will be able to absorb the selling pressure.

BTC Price

With the latest continuation to the bullish momentum, Bitcoin has managed to set a new ATH around $109,400.

The asset appears to have seen some pullback since achieving the new record | Source: BTCUSDT on TradingView

Featured image from Dall-E, Glassnode.com, chart from TradingView.com

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May 22, 2025 0 comments

NFT Gaming

Bitcoin Approaches Golden Cross With ATH In Sight – How High Can BTC Go?

by admin May 22, 2025

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

Bitcoin (BTC) is nearing a bullish Golden Cross formation on the weekly chart, as the largest cryptocurrency by market cap trades just shy of its all-time high (ATH) of $108,786. With a new ATH seemingly within reach, several crypto analysts are weighing in on how high the ongoing rally could propel BTC.

Golden Cross Incoming For Bitcoin As It Flirts With ATH

In a recent post on X, crypto analyst Titan of Crypto shared the following weekly chart highlighting that BTC is on the verge of forming another Golden Cross. The last time BTC experienced this technical pattern was in October 2024, which preceded a historic rally that saw the asset hit multiple new ATHs over the following months.

Source: Titan of Crypto on X

For the uninitiated, a Golden Cross occurs when Bitcoin’s short-term moving average (MA) – typically the 50-day – crosses above its long-term MA – usually the 200-day – signalling a potential shift to a sustained bullish trend. This pattern is widely viewed by traders as a strong indicator of upward momentum.

Bitcoin’s current bullish trajectory has caught the attention of multiple analysts, many of whom are now forecasting further upside. For example, Master of Crypto predicts a rally to $116,000 as BTC breaks out from a bullish pennant formation.

Similarly, crypto analyst CryptoGoos shared the following weekly Bitcoin chart showing BTC breaking out of a price range, while the Moving Average Convergence Divergence (MACD) undergoes a bullish crossover.

Source: CryptoGoos on X

As seen in previous cycles, similar MACD crossovers were followed by significant price increases. If the pattern holds, BTC could be on the path to a new ATH.

To explain, an MACD bullish crossover happens when the MACD line – blue line – crosses above the signal line – orange line – indicating a potential shift from bearish to bullish momentum. Traders often see this as a sign that upward price movement may follow.

Is A Short Squeeze Incoming?

In a separate post, prominent analyst Ted Pillows pointed out that BTC’s long/short ratio is currently skewed toward shorts, based on data from major crypto exchanges. Ted suggested that such a setup could trigger a short squeeze, potentially accelerating BTC’s climb to new highs.

Source: Ted on X

Meanwhile, crypto analyst Jelle remarked that BTC is facing just “one last hurdle” before it rallies toward $140,000. Their outlook aligns with another forecast predicting a near-term high of $120,000.

Adding to the bullish sentiment, BTC continues to flow out of exchanges at a notable pace. Over 100,000 BTC have been withdrawn within the past three weeks, signalling that investors may be positioning for further upside. At press time, BTC trades at $107,031, up 2.5% in the past 24 hours.

BTC trades at $107,031 on the daily chart | Source: BTCUSDT on TradingView.com

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

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May 22, 2025 0 comments

Crypto Trends

Bitcoin Sets New High Above $111K, 15 Years After Developer Paid 10,000 BTC for Two Pizzas

by admin May 22, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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May 22, 2025 0 comments

GameFi Guides

Bitcoin eyes rally beyond $150k as golden cross forms

by admin May 22, 2025

Bitcoin is on the verge of confirming a powerful golden cross pattern, which could set the stage for a breakout rally toward the $150,000 mark.

Bitcoin (BTC) surged to a new all-time high of $111,544 on Thursday, May 22, afternoon Asian time, breaking past its previous record of $109,400 from just the day before. This new high marks a 48% jump from the April 7 low of just under $75,000, making it the second all-time high for BTC in 2025.

Alongside the price surge, Bitcoin’s market cap hit $2.2 trillion, while its realized cap also reached a new peak at $915 billion, highlighting how much value is flowing into the network.

A sharp uptick in trading activity has driven the rally. CoinGecko data shows 24-hour volume surged to $73.7 billion, compared to $50 billion on Wednesday and $40 billion on Tuesday.

That’s a noticeable jump, especially considering that earlier this month, daily volume had fallen below $30 million, its lowest since February.

BTC’s futures open interest also hit a fresh record of $81.35 billion, up sharply from the $46 billion level seen in early March. That signals growing confidence from institutional and leveraged traders.

Earlier this year, BTC faced strong headwinds as it tumbled more than 30% from January’s high of $109,588, bottoming below $75,000 in early April.

That correction came shortly after President Trump hinted at new tariffs on major U.S. trading partners. But sentiment improved mid-April, especially after the U.S. reached fresh trade agreements with several nations.

Another major factor driving the surge is the continued demand from U.S. spot Bitcoin ETFs, which have seen over $7.4 billion in net inflows over the past five weeks, including $609 million just on Thursday.

This has been backed by Bitcoin’s growing role as a treasury asset, prompting a wave of public companies to load the flagship crypto onto their balance sheets. Strategy, for example, has continued its aggressive accumulation, now holding over 2.7% of all Bitcoin in circulation.

BTC technicals flash bullish patterns

On the 1-day BTC/USDT chart, Bitcoin has flipped the 21-day EMA into support after weeks of acting as resistance. More importantly, the 50-day SMA (blue) just crossed above the 200-day SMA (green), forming the highly watched golden cross pattern. Historically, BTC rallied over 37% in just 3 months following a similar pattern in October 2024.

BTC 50-day and 200-day SMA chart — May 22 | Source: crypto.news

On the weekly chart, BTC has also broken out of a bull flag pattern, a classic bullish continuation setup where the price consolidates downward after a strong upward move.

BTC has broken out of a falling wedge pattern on the weekly chart | Source: crypto.news

The measured target of this breakout points toward $150,000, matching projections based on the flagpole height added to the breakout zone. If the golden cross plays out fully, the next realistic stop could be around $153,600.

Veteran trader Peter Brandt acknowledged BTC’s new highs but reminded followers that hitting all-time highs is just what bull markets do. In an earlier May 1 X post, he predicted that Bitcoin could reach the bull market cycle top in the $125k to $150K level by Aug-Sep 2025, although he warned of a possible 50% correction afterwards.

Meanwhile, analyst Gert van Lagen is far more bullish, predicting BTC could reach $300K to $320K by the end of the bull cycle. He based his outlook on a breakout from a 4-year Megaphone Pattern, which features widening price swings and often precedes sharp moves upward.

Short-term risks still in play

Despite the overwhelming bullish momentum, a short-term pullback can’t be ruled out. BTC’s RSI and Stochastic Oscillator have both entered overbought territory, indicating the rally may be due for a pause or short-term consolidation.

BTC 21-day EMA and RSI chart — May 22 | Source: crypto.news

If that happens, Bitcoin could briefly fall toward its support zone near $93,500, which lines up with its simple moving average supports.

So, while a run toward $150K looks increasingly likely, it may not happen in a straight line. A short-term correction could offer a healthier setup for long-term gains.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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May 22, 2025 0 comments