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Musk Still Bullish on Bitcoin as Tesla's BTC Holdings Rise
Crypto Trends

Musk Still Bullish on Bitcoin as Tesla’s BTC Holdings Rise

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  • Tesla holds firm on Bitcoin holdings
  • BTC dips 1.85% after record high

Elon Musk’s Tesla remains committed to Bitcoin (BTC) as its holdings are now valued at more than $1.25 billion, based on data from Arkham. By owning 11,509 BTC, the electric carmaker reinforces Musk’s optimism about the leading cryptocurrency.

Tesla holds firm on Bitcoin holdings

Despite recent fluctuations in Bitcoin’s price, Tesla hasn’t sold any of its holdings, demonstrating that Musk and the company remain confident in Bitcoin’s long-term potential.

Tesla first purchased Bitcoin in 2021, acquiring $1.5 billion worth of the digital asset and even briefly accepting it as a payment method for its vehicles. While the company has sold small amounts of its BTC holdings, it has retained most of its investment, even after suspending Bitcoin payments over environmental concerns.

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Tesla’s commitment to holding Bitcoin through volatile price swings sets it apart from many other companies, which often cash out during price highs or sell in panic during downturns. Analysts believe Tesla’s approach serves as a reminder that major Bitcoin investors still view it as a viable and strategic asset.

This strategy aligns with a broader trend of growing institutional adoption. Since Tesla’s initial investment, more financial firms have begun offering Bitcoin-related services, and regulatory clarity has improved in several countries, boosting Bitcoin’s legitimacy and appeal.

BTC dips 1.85% after record high

Following a new all-time high on Thursday, Bitcoin’s price dropped 1.85% to $109,448, according to current CoinMarketCap data. The cryptocurrency briefly fell from around $111,400 to nearly $108,000 before recovering to its current level.

Despite this dip, Bitcoin remains dominant in the crypto market with a market capitalization of $2.17 trillion, larger than the GDP of many countries.

Bitcoin’s trading activity has declined by 12.98% in the last 24 hours, with volume now at $67.94 billion. Nevertheless, with a 100% profile score on CoinMarketCap, BTC continues to be considered a trusted digital asset.

Source: CoinMarketCap

Like Tesla, many top holders are choosing not to sell. For example, prominent Bitcoin whale James Wynn has stated that he won’t sell his holdings but instead plans to buy more.



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ETH Shows Big Bullish Sign After Reclaiming $2,700: Report
Crypto Trends

ETH Shows Big Bullish Sign After Reclaiming $2,700: Report

by admin


  • ETH shows bullish sign, here’s what level to watch
  • Ethereum boasts 21 achievements on its network by top platforms

Popular on-chain data aggregator Glassnode has published a report about the recent price behavior of the second-largest cryptocurrency in terms of market capitalization value, Ethereum.

Glassnode has spotted a major bullish sign logged by ETH and named a key price level to watch for traders.

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ETH shows bullish sign, here’s what level to watch

Glassnode’s report pointed out that after Ethereum recovered the Realized Price level at $1,900 in May, which means that average holders are now back in profit. It happened after ETH unrealized profits switched to the level where this indicator “provides meaningful financial relief for many holders, signaling a bullish outlook.”

After that, as May rolled on, Ethereum surpassed the $2,400 mark, the true market mean. The overtaking of this level by ETH indicates large inflows of fresh funds into ETH triggered by the Pectra upgrade implemented on May 7. Petra’s goal was to consolidate the validator set and improve overall Ethereum network efficiency, including cost-cutting on gas fees and targeting the congestion issue that often hits Ethereum.

In May, $ETH broke above its Realized Price at $1.9K, putting the average holder back in profit. Price is now above the True Market Mean ($2.4K), a bullish sign – but reclaiming the Active Realized Price at $2.9K remains key for further confidence: https://t.co/EdqeH4GGXO pic.twitter.com/BHEN9Mgdfs

— glassnode (@glassnode) May 23, 2025

As part of these inflows, large investments into spot Ethereum exchange-traded funds were noticed. Over the past five weeks, these ETFs recorded almost $6.6 billion worth of inflows.

Glassnode referred to this price move as “a bullish sign.” After this, the key level to watch is $2,900, as it “remains key for further confidence” and will confirm sustained bullish momentum. Within just a few weeks, the Ethereum price rallied from $1,800 to $2,700, signifying a 50% price surge. As it moved up, it once demonstrated a 21% daily price jump, which is the highest since 2021, according to Glassnode.

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Ethereum boasts 21 achievements on its network by top platforms

Earlier this week, the official X account of Ethereum published a tweet that enumerated 21 important milestones that were achieved on the network by top altcoin platforms running on ETH.

The first one on the list was the rollout of the Pectra upgrade on Ethereum. It was followed by Stripe launching its stablecoin financial accounts. Now, thanks to this, Stripe has accounts in more than 101 countries, where users can hold, receive and send stablecoins using Ethereum.

The tweet also mentioned the major Uniswap DEX reaching a whopping $3 trillion in all-time swap volume. Thanks to Superstate announcing Opening Bell, companies can now issue public equities on Ethereum.





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Dogecoin
NFT Gaming

Dogecoin Price Roadmap To $5: These 5 Bullish Factors Lead The Way

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

The Dogecoin price is gaining renewed attention as a crypto analyst outlines a potential roadmap toward a bullish $5 target. Backed by technical chart patterns and bullish signals, the analyst has unveiled five factors that are emerging as critical drivers in DOGE’s projected upward trajectory. 

Technical Indicators Point To Dogecoin Price Rally

A recent technical analysis on Dogecoin’s monthly chart by Bitcoin Galaxy on TradingView forecasts that a massive rally could be on the horizon — one that would propel DOGE from its current price of $0.24 to $5. The chart analysis reveals five compelling bullish signals that could set the stage for this meteoric price increase. 

A deep dive into the monthly time frame shows that Dogecoin is potentially repeating the same setup that led to its historic 2021 surge. First, the 20-month and 50-month Moving Averages (MA50 and MA20) have acted as solid support, just as they performed before during the last bull run. Dogecoin’s price recently rebounded from this support zone, mirroring the early stages of the previous bull cycle. 

Another signal highlighted by the analyst is the Relative Strength Index (RSI). Currently, DOGE’s RSI remains relatively low on the monthly chart but is showing a potential for upward movement. In previous cycles, the RSI rose around the 80 level before a blow-off top. With ample room to grow toward 80% currently, Dogecoin’s momentum could be building for another price rally. 

Source: Bitcoin Galaxy on Tradingview

Bitcoin Galaxy’s chart also shows that Dogecoin has long held a critical support level despite market turbulence, showing strength and resilience. The last time this support was tested and held, the meme coin experienced a price increase of approximately 20,399%.

The timeline of Dogecoin’s highlighted bullish structure may also be aligning. The previous bull rally took about six months (181 days) to reach its peak, roughly around $0.477 in 2021, from a similar technical setup. If the same pattern unfolds, the chart suggests October 2025 could mark a significant price climax. 

This timeline places June and July in a critical window, which the analyst suggests could see strong bullish action and likely trigger the start or middle of DOGE’s projected rally phase. With these signals aligned, Bitcoin Galaxy believes that Dogecoin is set for a surge to $5, representing a 1,983% increase from its current market price. 

$0.74 Resistance Key To DOGE Breakout

Notably, Bitcoin Galaxy highlights the $0.74 level as a critical resistance for Dogecoin. A breakout above this threshold could validate this analyst’s bullish roadmap toward the $4 – $5 target. 

Looking at the chart, the resistance level aligns with the upper boundary of an ascending parallel channel that contains DOGE’s price movements from mid-2022 to date. This channel often signals healthy upward momentum as long as the price stays within its boundaries.

DOGE trading at $0.24 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from 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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No, Bitcoin Price Is Not Overheated Yet, Bullish Data Emerge On-chain
NFT Gaming

No, Bitcoin Price Is Not Overheated Yet, Bullish Data Emerge On-chain

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The leading digital currency Bitcoin (BTC) has kept investors speculating since May 8, when it breached the $100,000 level. Many anticipated a bullish rally above its current all-time high (ATH) of $109,114, but this has yet to happen, leading some to believe that Bitcoin is overheated.

NVT golden cross signals market still in safe zone

However, per CryptoQuant insights, a Bitcoin on-chain metric, the Network Value to Transaction (NVT) has not signaled overheating yet.

According to CryptoQuant, Bitcoin NVT Golden Cross has reached 1.51 points, which is still some comfortable points away from the overheated zone of 2.2.

NVT Golden Cross Doesn’t Signal Overheating Yet

“Historically, readings above 2.2 have signaled the beginning of overheated conditions. While we’re not there yet, the rising trend deserves attention.” – By @burak_kesmeci pic.twitter.com/YaClQtHt6F

— CryptoQuant.com (@cryptoquant_com) May 21, 2025

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Notably, the NVT Golden Cross is a valuation tool that compares Bitcoin’s market capitalization to the network’s transaction volume. This comparison aims to show whether the asset is overvalued or undervalued in the short term.

Although it does not have a 100% accuracy rate, a value above 2.2 has historically marked periods when BTC is tagged overheated. Due to speculation, the asset is experiencing a price increase faster than real network usage.

The current value of 1.51 highlighted by CryptoQuant suggests that although the metric is climbing and investors should pay attention, it does not constitute a red flag yet.

However, traders might want to monitor the development closely to avoid being caught unawares while making speculative guesses.

Bitcoin investor appetite on rise

The update appears necessary as Bitcoin has seen a spike in investor interest on the crypto market. 

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As reported by U.Today, Bitcoin Open Interest recently hit $74 billion as the price rallied, triggering renewed confidence among traders betting on the futures market.

Meanwhile, institutional interest has also increased, with Bitcoin exchange-traded funds (ETFs) recording impressive inflows. According to data, a total of $329.02 million of inflows were recorded on May 20, 2025, on the Bitcoin ETF market.

According to CoinMarketCap data, the Bitcoin price has increased by 1.59% to $106,654.59 in the last 24 hours.





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bitcoin
GameFi Guides

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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