Coin overview
BB
Ended--
Last price (USDT)
55.28K
24h total (USDT)
448.93K
Total vol (USDT)
2024-04-25 08:00:00 ~ 2024-05-13 09:30:00
Trading time (UTC+0)
2024-05-13 12:00:00
Delivery time (UTC+0)
Total supply2.10B
Resources
Introduction
BounceBit is the first native BTC restaking chain. The BounceBit network is secured by staking both Bitcoin and BounceBit tokens. Its PoS mechanism introduces a unique dual-token staking system by leveraging native BTC security with full EVM compatibility.
Pudgy Penguins (PENGU) Price Prediction for July 27
Pudgy Penguins (PENGU) is trading near $0.04280 in today’s session after rebounding from a critical mid-range demand zone. While recent netflows suggest cautious sentiment, price structure and momentum indicators point to the potential for a short-term continuation if $0.04350 is cleared convincingly. What’s Happening With Pudgy Penguins Price? PENGU price dynamics (Source: TradingView) PENGU price remains well inside an ascending parallel channel on the 1-hour chart. Recent lows were defended near $0.03720, just above the lower channel boundary. The recovery was initiated after a failed breakdown from a descending wedge. Bulls swiftly absorbed supply near $0.038, and the ongoing push is now testing mid-channel resistance around $0.04350. PENGU price dynamics (Source: TradingView) On higher timeframes, the daily chart confirms that Pudgy Penguins price action has broken free from its long-term accumulation box between $0.006 and $0.021. The breakout was supported by volume and Smart Money BOS markers. PENGU price is now forming higher highs and higher lows, showing a textbook uptrend structure with bullish continuation potential. The directional movement index (DMI) on the daily chart remains bullish. The +DI is leading at 61.5 while -DI continues to weaken. This is reinforced by a sharp uptick in the Money Flow Index (MFI), currently at $78.59. The reading signals aggressive capital inflow, though it is nearing overbought conditions. Why Is The Pudgy Penguins Price Going Up Today? PENGU price dynamics (Source: TradingView) The latest rebound is being driven by strong structural defense and signs of momentum returning. The 30-minute RSI has moved back above 66.30 and continues to flirt with the 70 zone. This suggests a possible breakout setup. Meanwhile, VWAP has now flipped into support near $0.04196, with price comfortably trading above it and pressing toward the upper session band. PENGU price dynamics (Source: TradingView) From a Smart Money Concepts perspective, multiple BOS (Break of Structure) levels were reclaimed this week. PENGU is now attempting to break above the most recent weak high near $0.04500, which capped earlier upside. A clean close above this level could confirm another leg higher toward $0.050. Price Indicators, Signals, Graphs and Charts (24h) PENGU price dynamics (Source: TradingView) The 4-hour chart reveals a powerful bounce from the lower Bollinger Band near $0.036. Price is now testing the upper band resistance at $0.04501. The Bollinger Bands have started to expand again, which indicates a potential volatility breakout. In addition, the EMA cluster is now fully bullish. The 20, 50, 100, and 200 EMAs are aligned beneath current price. The 20 EMA is acting as intraday support at $0.03966. The short-term trend remains intact as long as this level holds. PENGU Spot Inflow/Outflow Data (Source: Coinglass) That said, exchange data shows caution. The latest netflow chart (as of July 26) reflects a negative daily flow of -$3.84M. This outflow suggests some profit-taking or risk-off behavior and may limit breakout strength if buyer follow-through falters. PENGU Price Prediction: Short-Term Outlook (24h) As long as PENGU holds above $0.04150, momentum remains with the bulls. The breakout attempt above $0.04350 could extend toward the $0.045 to $0.047 zone. This region represents the upper channel edge and prior liquidity rejection level. If the breakout fails and price drops below $0.04080, short-term structure could turn sideways. This may prompt a retest of $0.03850. A break below that level would reopen the lower channel test near $0.035. Given the strong EMA support, compression buildup, and Smart Money BOS structure, traders should monitor the $0.04350 to $0.04500 region closely for signs of a continuation or rejection. Volatility is likely to pick up if PENGU decisively clears or fails this key area. Pudgy Penguins Price Forecast Table: July 27, 2025 Indicator/Zone Level / Signal Pudgy Penguins price today $0.04289 Resistance 1 $0.04500 (upper BB, weak high) Resistance 2 $0.04750 (top channel test) Support 1 $0.04080 (VWAP, consolidation) Support 2 $0.03850 (prior BOS, wedge base) RSI (30-min) 68.36 (bullish, near overbought) MFI (1D) 78.59 (elevated inflow) DMI (1D) +DI 61.5, -DI weak (bullish) Bollinger Bands (4H) Expanding, volatility setup EMA Cluster (4H) Fully bullish below price VWAP (30-min) Acting as short-term support Smart Money BOS Active, weak high at $0.04500 Netflow (July 26) -$3.84M (mild outflow)
RootData: BB to Unlock Tokens Worth Approximately $3.85 Million in One Week
According to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, BounceBit (BB) will unlock approximately 49.04 million tokens, valued at around $3.85 million, at 00:00 on July 13 (GMT+8).
Tokenized Stocks: BounceBit’s Revolutionary Q4 Launch Unlocks New CeDeFi Opportunities
The world of decentralized finance is constantly evolving, and a groundbreaking announcement from BounceBit is set to redefine how we interact with traditional assets. Get ready, because tokenized stocks are about to take center stage, promising a new era of accessibility and innovation within the CeDeFi ecosystem. Understanding Tokenized Stocks: A Bridge to New Frontiers Imagine owning a piece of a global corporation like Apple or Tesla, not through a traditional brokerage with limited hours and geographic restrictions, but directly on a blockchain. That’s the revolutionary essence of tokenized stocks. These are digital representations of traditional equities, secured and traded on a distributed ledger. Unlike conventional shares, they offer unique advantages: they can be fractionalized, enabling smaller investments; they can be traded 24/7, transcending market hours; and they potentially offer greater transparency and lower fees due to blockchain’s inherent properties. BounceBit, a pioneering CeDeFi infrastructure platform, has just confirmed its ambitious plan to launch these innovative assets in Q4. This strategic move is not merely about digitizing shares; it’s about making them fully functional and interoperable within the expansive decentralized finance paradigm. This means unlocking capabilities far beyond what traditional markets can offer. BounceBit’s Vision: Harmonizing TradFi and DeFi for Global Access BounceBit is uniquely positioned at the forefront of the financial revolution, aiming to seamlessly combine the robust efficiency and regulatory adherence of traditional finance (TradFi) with the transparency, programmability, and borderless nature of DeFi. Their upcoming launch of tokenized stocks perfectly exemplifies this hybrid approach, striving to offer users the best of both worlds – institutional-grade security coupled with crypto-native innovation. The platform explicitly states that these assets are engineered for “active trading, composability, and borderless use rather than passive holding.” This distinction is absolutely crucial. It signifies that these aren’t just static digital receipts; they are dynamic, foundational building blocks designed to integrate deeply with existing and future financial products within the burgeoning on-chain assets ecosystem. This opens up a universe of possibilities for sophisticated financial strategies previously unavailable to the average investor. Unlocking the Power: Key Benefits of On-Chain Assets The introduction of tokenized stocks by BounceBit brings several compelling and transformative benefits to the forefront of the financial landscape: 24/7 Global Trading: Traditional stock markets operate within strict, limited hours, often tied to specific time zones. On-chain assets, however, can be traded around the clock, every day of the week, offering unprecedented flexibility and liquidity for global investors who can react to news and market shifts instantaneously. Democratized Fractional Ownership: Many high-priced blue-chip stocks are financially out of reach for a significant portion of potential investors. Tokenization allows for precise fractional ownership, meaning you can purchase a small, affordable portion of a share. This democratizes access to valuable assets, enabling broader participation in established markets. Enhanced Composability and Programmability: This is a core and powerful principle of DeFi. Tokenized stocks can be seamlessly integrated into a myriad of existing and new DeFi protocols. Imagine using your tokenized Apple stock as collateral for a decentralized loan, or combining it with other crypto assets in a liquidity pool to earn yield. This interoperability creates entirely new financial instruments and strategies. Borderless and Inclusive Access: Geographic and national barriers to investment are significantly reduced or even eliminated. Anyone with an internet connection and a compatible crypto wallet can potentially access these global equities, fostering greater financial inclusion and leveling the playing field for investors worldwide. Increased Transparency and Auditability: All transactions involving tokenized stocks are recorded on a public blockchain, providing a transparent, immutable, and auditable ledger of ownership and trades. This inherent transparency can help reduce fraud and build greater trust among participants. Faster Settlement: Traditional stock settlements can take days (T+2). Blockchain-based tokenized assets can settle in minutes or even seconds, significantly improving capital efficiency and reducing counterparty risk. Navigating the Horizon: Challenges and Considerations for CeDeFi Growth While the promise of tokenized stocks is immense and transformative, their widespread adoption and full integration will depend on successfully addressing several critical challenges: Regulatory Clarity and Compliance: The legal and regulatory framework for tokenized securities is still in its nascent stages globally and varies significantly by jurisdiction. Clear, harmonized guidelines are absolutely essential for investor protection, institutional confidence, and preventing market manipulation. Liquidity Depth and Market Making: For active and efficient trading, deep liquidity pools are paramount. Building sufficient liquidity for tokenized versions of potentially thousands of traditional stocks will be a significant and ongoing undertaking, requiring robust market-making strategies. Security Risks and Smart Contract Vulnerabilities: As with any blockchain-based asset, the inherent risks of smart contract vulnerabilities, potential cyberattacks, and platform exploits remain a concern. Robust, continuous security audits, bug bounties, and stringent risk management protocols are absolutely paramount to protect user assets. Seamless Integration with Traditional Infrastructure: While aiming to bridge TradFi and DeFi, creating truly seamless and secure bridges between traditional financial exchanges, custodians, and the on-chain world will be necessary for efficient capital flow and widespread institutional adoption. This involves overcoming technical and operational complexities. Investor Education and Adoption: A significant hurdle will be educating traditional investors about the benefits and mechanics of tokenized assets and the underlying blockchain technology. Bridging the knowledge gap will be crucial for broader public adoption. The Profound Impact of BounceBit on the Future of Finance BounceBit’s bold and pioneering move to launch tokenized stocks is far more than just a product release; it’s a profound statement about the inevitable evolution of finance itself. By bringing traditional equities onto the blockchain in a fully DeFi-enabled format, they are not only pushing the boundaries of what’s possible within the dynamic CeDeFi space but also laying foundational groundwork for a more integrated, efficient, and truly global financial system. This future system envisions assets flowing freely and efficiently across borders, breaking down traditional silos and fostering unprecedented financial connectivity. This groundbreaking initiative is poised to attract a new wave of users and substantial capital into the burgeoning crypto ecosystem, particularly those from traditional finance who are actively seeking innovative, transparent, and more accessible investment avenues. It unequivocally underscores the growing maturity, ambition, and disruptive potential of the entire decentralized finance sector to reshape global markets. Are You Ready for the On-Chain Assets Revolution? The highly anticipated Q4 launch of tokenized stocks by BounceBit marks a pivotal moment in the convergence of traditional and decentralized finance. For individual investors, active traders, and dedicated DeFi enthusiasts alike, this presents a truly unique and exciting opportunity to engage with traditional assets in a completely novel and potentially more empowering way. It stands as a powerful testament to the transformative power of blockchain technology to democratize finance, foster greater transparency, and create more efficient, accessible, and inclusive markets for everyone. In conclusion, BounceBit’s upcoming launch of tokenized stocks represents a monumental development for the entire crypto and traditional finance landscape. By enabling continuous, on-chain access to equities for active trading, enhanced composability, and borderless use, BounceBit is not just innovating within CeDeFi; it’s actively laying the groundwork for a more interconnected, transparent, and efficient global financial system. Keep a close eye on BounceBit as Q4 approaches – the future of finance might just be getting revolutionized by tokenization. To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance institutional adoption.
BounceBit Plans to Launch Tokenized Stock Products in Q4
Odaily Planet Daily reports that BounceBit has announced the launch of its tokenized stock product in the fourth quarter, covering securities from the four major stock markets: the United States, Europe, Hong Kong, and Japan. This service is built on BounceBit’s Tokenized Stock Environment (TSE), a native framework designed for issuing, pricing, and integrating securities in a permissionless market. From day one, BounceBit’s tokenized stocks will be fully integrated into the DeFi sector, including spot trading, DEX liquidity, collateral in lending protocols, applications in structured yield strategies, and restaking.
BounceBit Launches High-Leverage Trading Platform
Key Points: Main event, leadership changes, market impact, financial shifts, or expert insights. Offers 200x leverage for investors. Introduces new DeFi-TradFi convergence paths. BounceBit Launches High-Leverage Contract Platform BounceBit, led by CEO Jack Lu, has launched a high-leverage contract platform named “BounceBit Trade.” The platform integrates BlackRock’s BUIDL fund for yield strategies, marking a significant move in crypto trading. The launch of “BounceBit Trade” highlights potential changes in DeFi and TradFi integration, with high-leverage options and U.S. dollar yields attracting market attention. BounceBit has unveiled a platform allowing up to 200x leverage, partnering with BlackRock’s tokenized BUIDL fund to drive innovative yield strategies. The platform seeks to combine on-chain derivatives with traditional finance assets, providing institutional investors new avenues for USD-denominated yield generation. Key players such as Jack Lu emphasize opportunities in funding rate arbitrage. Lu stated, “This innovative approach demonstrates what is possible when investors simultaneously capture both U.S. dollar yields and funding rate arbitrage returns, potentially creating opportunities for institutional investors seeking sustainable USD-denominated yield generation across market cycles.” The initiative aims to demonstrate the potential when leveraging real-world assets alongside established crypto infrastructure. There are ongoing projects in the CeDeFi space with further ecosystem enhancements planned. Immediate impacts focus on BB, BTC, and ETH tokens, potentially affecting their value and utility in the market. On-chain data combined with community feedback will guide future developments. The launch also underscores the integration of tokenized RWAs in synthetic contract trading. Financially, the move might attract significant stakeholders seeking higher returns through arbitrage and structured strategies. While regulatory responses are still uncertain, BounceBit’s alignment with BlackRock positions it favorably among institutional circles. BounceBit’s innovative integration of RWAs and DeFi elements will likely influence market trends, setting new precedents for future technological development. Analysts foresee potential regulatory shifts to accommodate such platforms’ growing market presence.
RootData: BB to Unlock Tokens Worth Approximately $5.09 Million in One Week
According to ChainCatcher, based on token unlocking data from the Web3 asset data platform RootData, BounceBit (BB) will unlock approximately 49.04 million tokens, valued at around 5.09 million USD, on June 13 at 00:00 (GMT+8).
BounceBit now supports WLFI-issued stablecoin USD1
BounceBit officially announced that it now supports the institution-grade stablecoin USD1 issued by WLFI. Through this integration, USD1 has now become a qualified asset within the BounceBit CeDeFi portal. Users can directly deploy USD1 into the "Auto" strategy, which channels funds to centralized and decentralized platforms, providing secure, delta-neutral yield opportunities.
Why Slow Retail Buying Could Actually Be Good News for Bitcoin
Bitcoin trades ~$105K, ~5% below its recent $111K ATH; on-chain metrics look promising. Retail BTC demand fell 2.45% in 30 days, not typical of major market tops. Analysts eye $96,700 as crucial BTC support; technicals show short-term pressure. Bitcoin’s price action over the past few weeks has investors speculating whether the recent pullback from its all-time high is merely a pause before another leg up–or a sign of deeper corrections ahead. As BTC trades around $105,396.85, roughly 5% below its ATH of $111K set just 13 days ago, on-chain metrics paint a promising picture. Retail Demand Cools; Analyst Sees Room for Further BTC Upside According to analyst “caueconomy,” retail demand, measured by Bitcoin transactions below $10,000, has fallen 2.45% over the past 30 days. Historically, such subdued retail activity has not accompanied major market tops, which are typically characterized by frenzied buying from smaller investors. https://twitter.com/cryptoquant_com/status/1930164956973953073 The analyst suggests that the recent price surge for Bitcoin has yet to ignite the kind of emotional buying that marks long-term tops, leaving room for further appreciation if macro and liquidity conditions remain favorable. Retail demand has historically served as a coincident or even leading indicator of price movements, and the modest uptick in late May did precede the recent price bounce. Related: Bitcoin ETFs See First $1B+ Exodus Since March; Truth Social Files for Own BTC Fund Support Zone Watch: $96,700 as a Crucial Pivot Level Another analyst, “abramchart,” has highlighted $96,700 as a critical support level for Bitcoin , coinciding with the average purchase price of short-term holders. Should the current dip extend further, this zone is likely to serve as a high-probability rebound point. It also aligns with the bottom range of Bitcoin’s previous consolidation structure, making it technically and psychologically significant. Also, with Bitcoin dominance on the rise, any BTC correction is expected to impact altcoins and Ethereum, as capital tends to rotate out of smaller-cap assets during Bitcoin-led pullbacks. This dynamic often leads to temporary underperformance across the altcoin market until Bitcoin stabilizes and investor risk appetite returns. Bitcoin Technicals Show Short-Term Pressure Building The daily chart below shows prices slipping back toward the midline of the Bollinger Bands (BB), which currently rests around $106,674. This midline often acts as dynamic support or resistance, and with BTC now slightly under it, a retest of the lower BB band at $102,270 becomes a likely short-term target unless bulls reassert quickly. Source: TradingView Meanwhile, the Relative Strength Index (RSI) has declined from near-overbought levels (above 70) to just below 54, with the RSI trending down and crossing beneath its moving average (yellow line). Related: BlackRock’s IBIT Soars to World’s No. 2 Bitcoin Owner, Trailing Only Satoshi This bearish RSI crossover suggests weakening momentum and hints at the possibility of further downside before any potential rebound. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Pi Network Sell-Off Continues as PI Hits 7-Day Low
Pi Network’s native token, PI, has witnessed a 22% price plunge over the past week, extending its downtrend to trade at a seven-day low of $ 0.61 at press time. The double-digit decline reflects growing bearish sentiment around the token and coincides with a broader contraction in the crypto market. PI’s Outlook Worsens as Bearish Trend Deepens The global cryptocurrency market capitalization has dropped by over 5% in the past seven days, shedding over $170 billion. The widespread pullback has shaken investor confidence, triggering fresh PI selloffs over the past few days. The strengthening sell-side pressure is evident in PI’s BBTrend indicator, which has continued to print red histogram bars, a clear signal of mounting bearish momentum. As of this writing, the indicator sits at -4.52. PI BB Trend. Source: TradingView The BBTrend measures the strength and direction of a trend based on the expansion and contraction of Bollinger Bands. When BBTrend values are positive, it typically signals a strong uptrend, while negative values indicate increasing bearish momentum. PI’s persistent negative BBTrend suggests that its price consistently closes near the lower Bollinger Band. This trend indicates sustained selling activity and hints at the potential for a sustained price decline. Further, PI’s Smart Money Index (SMI) has fallen over the past few days, signaling an exit of “smart money” or institutional-grade investors. This is often considered a leading indicator of deeper price declines, as it suggests reduced confidence from these key investors. PI SMI. Source: TradingView An asset’s SMI tracks the activity of institutional investors by analyzing market behavior during the first and last hours of trading. When it rises, these investors are increasing their buying activity, indicating the likelihood of an extended rally. Conversely, as with PI, when it falls, it indicates that institutional demand for the asset is weakening, signalling potential for further downside. PI Teeters Near Key Support—Will Bulls Hold the Line at $0.55? PI’s climbing selling activity suggests that the token could be vulnerable to further losses in the short term. If selloffs continue, the altcoin risks breaking below the critical support formed at $0.55. If the bulls fail to defend this support floor, PI could revisit its all-time low of $0.40. PI Price Analysis. Source: TradingView However, a spike in new demand for the token could prevent this from happening. If the PI Network token buying pressure spikes, it could push its price to $0.86.
Ethereum (ETH) Price Prediction for May 30: Bulls Target $2,800 After Breakout
Ethereum continues to exhibit impressive resilience following its recent surge above the $2,700 threshold. This technical strength signals a clear bullish trend emerging on both short-term and long-term charts. As of today, the Ethereum price is holding firm near $2,727, reflecting a solid rebound from the mid-May lows and setting the stage for potential continuation. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) The Ethereum price today is consolidating just below the key $2,750 resistance level. This zone aligns closely with the 0.5 Fibonacci retracement at $2,745, derived from the weekly swing high near $4,100 down to the March 2025 low of approximately $1,385. Price has broken past the 0.382 level ($2,324), which previously acted as resistance, and is now testing the mid-Fibonacci band—commonly a pivot for medium-term trend continuation. ETH price dynamics (Source: TradingView) On the 4-hour chart, Ethereum has broken above a descending wedge and is maintaining position above the 20/50/100 EMA cluster. Notably, the price action has pierced the upper Bollinger Band, indicating aggressive bullish momentum, but also hinting at temporary exhaustion risk. Momentum Indicators Signal Strength but Also Cooling ETH price dynamics (Source: TradingView) The RSI on the 30-minute chart has reached 66.14—approaching the overbought zone, while MACD remains in bullish territory, though the histogram is flattening. This suggests that while bullish momentum remains intact, a brief pause or sideways movement could occur before continuation. In the event of a dip, the $2,665–$2,675 support range—formed by the breakout level and previous flag structure—may act as a cushion. ETH price dynamics (Source: TradingView) The Ichimoku Cloud on the 30-minute chart shows price above both the cloud and the conversion/base lines, confirming bullish structure. However, Stochastic RSI has cooled off toward the lower band, indicating that any further upward thrust may first require consolidation or a retest of short-term support. Why Ethereum Price Going Up Today ETH price dynamics (Source: TradingView) The latest leg higher in the Ethereum price has been fueled by sustained inflows and increasing speculation ahead of institutional catalysts, including ETF optimism. Technically, Ethereum’s structure turned bullish after reclaiming key EMAs and completing a clean breakout above the $2,650 wedge top. This move was supported by a breakout from a higher low on May 27 and a surge in momentum candles toward $2,780. The Ethereum price spikes on May 29 were significant, with rapid acceleration through resistance zones, suggesting bullish conviction. Furthermore, the upward momentum has not yet been invalidated on the daily chart, where price is building a base for a potential move toward the 0.618 Fibonacci level at $3,181. Ethereum Price Volatility and Near-Term Scenarios ETH price dynamics (Source: TradingView) The recent Ethereum price volatility has expanded due to the sharp bullish run, pushing Bollinger Bands wider across the 4-hour and 1-hour timeframes. This kind of expansion typically follows price acceleration and often leads to retracement or range-bound movement in the short term. If bulls manage to hold above $2,720, Ethereum could attempt a breakout toward the $2,800–$2,830 zone next. A failure to sustain above this region, however, may trigger a short-term pullback to $2,665 or even $2,593—aligned with the 50 and 100 EMA levels on the 4-hour chart. Ethereum Price Prediction for May 30 ETH price dynamics (Source: TradingView) Based on current multi-timeframe analysis, Ethereum remains bullish with solid upside structure. However, a brief consolidation phase could be expected before any significant breakout above $2,800. Timeframe Support Levels Resistance Levels Indicators 30-min $2,665 / $2,626 $2,780 / $2,830 RSI 66.14, MACD bullish but cooling 4-hour $2,593 / $2,507 $2,748 / $2,800 Above EMA cluster, upper BB tested Daily $2,507 / $2,324 $2,830 / $3,181 Bullish breakout from wedge Weekly $2,324 / $2,027 $2,745 / $3,181 Mid-Fib breakout holding As long as Ethereum holds above the $2,665 region and continues to build momentum above the breakout zone, the outlook for May 30 remains bullish with a likely push toward the $2,800–$2,830 range. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Bitcoin New ATH of Over $111K: Analyst Highlights Key Levels to Watch
Key Notes Bitcoin hit a new all-time high of $111,861, fueled by strong institutional inflows and price discovery momentum. Analysts highlight key resistance levels at $116K, $126K, $136K, and $148K price levels. Technical indicators show elevated RSI and Bollinger Band expansion, suggesting a potential cooldown. Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B has shattered records for a second time this year, breaching the $110,000 mark and setting a new all-time high (ATH) of $111,861.22, CoinMarketCap data shows. This historic surge comes amid a strong monthly rally of over 25%, with BTC gaining 3% in the past 24 hours alone. At the time of writing, the flagship cryptocurrency is trading at $110,751.70, entering uncharted territory. Analyst Insights: What’s Next for BTC? According to prominent crypto analyst Ali Martinez, Bitcoin is now in price discovery mode. He identified the next critical resistance levels at $116,000, $126,000, $136,000, and $148,000 — a series of psychological and technical barriers that could shape BTC’s medium-term trajectory. #Bitcoin $BTC is trading at new all-time highs, entering price discovery. The next key levels to watch are $116,000, $126,000, $136,000, and $148,000! pic.twitter.com/yh3ShJ5X59 — Ali (@ali_charts) May 21, 2025 Meanwhile, on-chain data provider Santiment noted the irony of Bitcoin’s ATH arriving just six weeks after maximum market fear, largely fueled by geopolitical tariff concerns. The recent 90-day pause in US-China trade tensions helped ease sentiment, but the real momentum has come from institutional heavyweights. Institutional Inflows Santiment added that institutional flows have also been crucial in pushing BTC to its new heights: BlackRock’s spot Bitcoin ETF (IBIT) has surpassed $20 billion in assets under management. Fidelity and Ark Invest have reported record inflows as well. Spot ETF holdings across the board have hit new highs, reflecting the growing appetite from both retail and institutional investors. Meanwhile, analyst Crypto Dan emphasized that while BTC has hit ATH, the market remains in a non-overheated state as the funding rate shows only mild optimism among long traders. Further, short-term capital inflows (from coins held between 1 week and 1 month) are far lower than in past peaks. Profit-taking by whales and short-term holders has been minimal, unlike in March or November 2024. BTC Price Analysis: What to Expect? As per the chart below, the Relative Strength Index (RSI) on the daily chart stands at 77.19, clearly in overbought territory. While this traditionally hints at a potential short-term pullback, in strong bull markets, RSI can remain elevated for extended periods. BTC Daily Chart | Source: TradingView On the other hand, the Bollinger Bands (BB) indicate a sharp expansion, reflecting increased volatility. The price is hugging the upper band at $111,798.60, suggesting strong bullish pressure. The middle band, which represents the 20-day SMA, is now at $102,702.17, providing a key support level in case of retracements. Note: this is a sponsored message from our partners 🔥 Don’t Miss Out on Massive Rewards As Bitcoin achieves a new ATH, BTC Bull ($BTCBULL), a meme-powered token built on Ethereum, is gathering attention in a hurry with its ongoing presale. Created to rally the crypto community behind Bitcoin’s march to $250,000 and higher, $BTCBULL has significant utility. BTCBULL is here to amplify the momentum and reward holders every step of the way and a massive BTC airdrop awaits the strongest hodlers when BTC hits $250,000. Every time Bitcoin gains another $25K in value, BTCBULL either burns a portion of its token supply or airdrops BTC to holders, fueling scarcity and value. The holders of the token are eligible to a 230% annual average return. BTCBULL Presale Details The BTCBull team has raised a massive $6.1 million in its ongoing presale, with over 2 days and 2 hours until the next price increase. Token price: $0.002525 Funds raised: $6.1 million Payment methods: ETH, USDT Ticker: BTCBULL next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Pi Coin (PI) Price Prediction for May 21
The Pi Coin price today is trading around $0.732, showing marginal losses intraday as bulls struggle to clear a tightening consolidation range. After a sharp retracement from the May 12 high near $1.65, the Pi Coin price action has entered a contracting wedge, forming a symmetrical triangle on the 4-hour chart. The apex of this structure is nearing, suggesting a breakout move is likely in the next 24 hours. Pi Network price dynamics (Source: TradingView) Despite continued sideways movement, the Pi Coin price update shows buyers defending the key support region between $0.705 and $0.722, which has held firm since the May 17 dip. While volatility remains suppressed, compression near the $0.73 mark indicates a breakout setup is brewing. Why Pi Coin Price Going Down Today? The recent Pi Coin price volatility stems largely from broader consolidation in altcoins and fading speculative volume around PI’s earlier surge. As the coin failed to reclaim the $0.75–$0.78 resistance zone over the weekend, traders opted for caution, especially as several indicators turned mixed. The pullback from $0.7488 now aligns with the 0.236 Fibonacci level, which is acting as a near-term ceiling. Pi Network price dynamics (Source: TradingView) From a momentum standpoint, RSI (14) on the 30-minute chart has dipped to 47, showing lack of bullish strength, while the MACD histogram flattens below the zero line—pointing to indecision. The Stochastic RSI, however, has just crossed bullishly from oversold territory, suggesting a minor recovery could materialize before the next decisive move. Key Patterns and Levels Driving Pi Coin Price Action Pi Network price dynamics (Source: TradingView) The symmetrical triangle drawn from the $0.80 highs and higher lows near $0.705 now dominates short-term Pi Coin price action. A breakout above the triangle’s upper trendline and $0.7460 will likely open the door for a retest of the $0.78–$0.80 region, which coincides with both the 200 EMA on the 4-hour chart and the upper Bollinger Band. On the downside, immediate support lies at $0.722 and $0.7128, with the latter aligning with the 38.2% Fibonacci retracement. A sustained break below $0.705 could send Pi Coin price back toward the lower support band near $0.666 and possibly $0.620 in a deeper correction. Pi Network price dynamics (Source: TradingView) The Chande Momentum Oscillator reading of -40.7 supports the neutral-bearish outlook for now, but rising higher lows on the daily structure hint that bulls are not completely out of play yet. Short-Term Outlook for Pi Coin Pi Network price dynamics (Source: TradingView) Until the symmetrical triangle breaks decisively, Pi Coin price volatility will likely remain range-bound between $0.712 and $0.748. The Bollinger Bands are tightening on the 4-hour chart, reinforcing this view. For bulls, reclaiming $0.75 and holding above $0.765 would signal strength, while failure to hold the $0.705–$0.712 band could reignite bearish pressure. Here’s a breakdown of the current short-term forecast: Level Zone Resistance 1 $0.7488 (local top) Resistance 2 $0.7650 (BB upper band) Support 1 $0.7227 (Fib 0.5) Support 2 $0.7050 (trendline base) Support 3 $0.6663 (critical demand) MACD (30-min) Weakening momentum RSI (30-min) 47.5 (neutral-bearish) Stoch RSI Bullish crossover forming ChandeMO -40.7 (bearish bias) Although the Pi Coin price today shows limited movement, the converging triangle suggests a breakout may be close. Whether bulls or bears take control hinges on price behavior near $0.7460 and $0.7128 in the next few sessions. Traders should monitor breakout confirmation with volume spikes before positioning for any extended move. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
BounceBit Pilots Bitcoin Trading Strategy Using BlackRock's BUIDL as Collateral
BounceBit, a crypto infrastructure provider using features from both centralized (CeFi) and decentralized finance (DeFi), has executed a bitcoin (BTC) derivatives trading strategy using BlackRock's yield-generating tokenized money market fund, BUIDL, to enhance returns. The strategy, to be rolled out to institutions and retail users, consisted of two main components: a bitcoin basis trade, involving a long position in the spot market while shorting futures, and a short position in BTC put options, both collateralized by BUIDL tokens. The basis trade, also known as cash and carry arbitrage, alone generated an annualized yield of 4.7%, with put option writing contributing an additional 15%. Combined with the 4.25% return from BUIDL used as collateral, the total yield exceeded 24%. Integrating BUIDL as collateral helped generate a higher return than strategies collateralized by stablecoins, which do not generate any return. "This strategy allows investors to capture both Treasury Bill yields and funding rate arbitrage returns," Jack Lu, founder and CEO of BounceBit said in a press release exclusively shared with CoinDesk. "BounceBit bridges the gap between Western real-world asset issuers and Asian crypto trading infrastructure, providing new options for yield generation," Lu said. BounceBit is the native BTC restaking chain secured by staking both bitcoin and BounceBit tokens. The network allows BTC holders to earn yields through native validator staking, DeFi ecosystem and a CeFi-like mechanism powered by Ceffu and Mainnet Digital. As of writing, cryptocurrencies worth over $500 million were locked on BounceBit. BounceBit plans to roll out the BUIDL-collateralised strategy to institutional and retail users soon. "The successful pilot is a proof of concept to our new product line BB Prime, which will be available to both retail and institutional users," BounceBit's spokesperson told CoinDesk. "This strategy underpins BB Prime as a new class of CeDeFi applications built on top of RWAs which are traditionally troubled by a lack of utilities beyond just holding for t-bill yield, hindering mass adoption," the spokesperson added. BUIDL, launched in March 2024 by Securitize and BlackRock, is a tokenized investment fund operating on multiple blockchains, including Ethereum, Aptos and Polygon. The token, currently boasting a market cap of $2.88 billion, is backed by short-term U.S. government bonds, boasting a stable value pegged at one dollar per token.
Pi (PI) Price Prediction For May 19: Will Buyers Break Above $0.78 Resistance?
The Pi Coin price today is hovering around $0.742, consolidating after a short-term rebound from the $0.68 low. While the broader trend remains in recovery mode after last week’s steep decline from above $1.40, bulls are currently testing the confluence of moving averages and short-term resistance levels, suggesting a make-or-break moment for Pi Coin price action in the coming sessions. What’s Happening With Pi Coin’s Price? After a parabolic surge that took the Pi Coin price from $0.30 to over $1.60 in less than a week, the asset witnessed a sharp retracement, losing over 50% of its gains and revisiting the $0.65–$0.70 accumulation zone. However, buyers have started to regroup near this demand region, evident from the 4-hour candles forming higher lows over the past 24 hours. Pi Network price dynamics (Source: TradingView) Pi is currently capped by the 20-EMA and lower Bollinger Band on the 4-hour chart, both aligned near $0.78. A clean break above this zone could trigger fresh upside toward the $0.85–$0.90 supply region. Until then, the short-term trend remains fragile, with resistance keeping Pi Coin price spikes in check. MACD And RSI Flash Mixed Signals Pi Network price dynamics (Source: TradingView) The 30-minute chart reveals a slight bearish divergence forming on the RSI, which has declined from the overbought zone of 70+ to 56 despite price remaining flat. At the same time, the MACD histogram has begun to contract, indicating waning bullish momentum. If bulls fail to hold above $0.72, we could see a retest of $0.70 or even the $0.68 zone. Pi Network price dynamics (Source: TradingView) On the higher timeframe, the daily chart shows a larger descending triangle structure forming, with Pi facing repeated rejections below $0.80. Until the upper trendline of this triangle is breached, price may remain range-bound between $0.68 and $0.80, creating choppy Pi Coin price volatility in the short term. Ichimoku And Chande Momentum Support Caution Pi Network price dynamics (Source: TradingView) From the Ichimoku Cloud perspective on the 30-minute chart, Pi remains below the Kumo, with Tenkan and Kijun lines now flattening around $0.74. This suggests sideways consolidation unless a breakout or breakdown occurs. Meanwhile, the Chande Momentum Oscillator is showing declining strength at –39.01, signaling a lack of bullish drive to push above the current resistance. Unless momentum indicators flip back into bullish territory with volume, the Pi Coin price update could remain subdued through May 19. Key Levels To Watch: Pi Coin Short-Term Forecast Indicator/Zone Level Implication Immediate Resistance $0.78 20-EMA + Lower BB Band cap Breakout Target $0.85–$0.90 Supply zone, profit booking likely Support Zone $0.72–$0.70 Near-term base, needs to hold Critical Demand Area $0.66–$0.68 50% retracement, buyer reload zone MACD / RSI (30-min) Flat/Neutral Warning of potential reversal Ichimoku Cloud Status Bearish Bias Still trading below Kumo Why Pi Coin Price Going Down/Up Today? Pi Network price dynamics (Source: TradingView) The current recovery is fueled by dip-buying interest near the $0.68 level, but sentiment remains cautious as overhead resistance levels remain firm. Without a decisive move above $0.78 backed by rising volume, traders may expect further ranging or pullback moves, contributing to day-to-day Pi Coin price volatility. Outlook For May 19 For May 19, Pi (PI) is expected to remain volatile between $0.70 and $0.78 unless broader crypto momentum or on-chain catalysts provide direction. A breakout above $0.78 could extend toward $0.85–$0.90, but failure to reclaim this area may open downside retests at $0.70 and $0.66. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Pi Network (PI) Price Corrects Sharply Post-$100M Fund News; Analyst Cites “Overbought Euphoria”
Pi Network (PI) price corrected over 28% (from $1.53 to $0.8447) after its $100M fund news Analyst BOB on X attributes PI drop to “overbought euphoria,” citing RSI above 90 pre-fall PI recovery to $1.50+ hinges on Pi Network Ventures utility & major CEX listings (Binance) Pi Network (PI) has experienced a sharp correction after what should have been bullish news, the announcement of a $100 million venture fund aimed at accelerating development on its mobile-first blockchain. Instead of rallying on the news, PI dropped more than 28% in 24 hours, falling from its local high of $1.53 to a recent low of $0.8447. The token now trades at $0.8647, slightly off its intraday bottom, but still deep in the red. Overheated Rally Led to Predictable Exhaustion, Says Analyst BOB According to crypto analyst BOB on X , the market was caught in an “overbought euphoria” following the hype around the Pi Network Ventures announcement. With RSI crossing 90 on the 4H chart during the pump to $1.53, PI was in dangerously overheated territory. The correction was brutal but predictable. The analyst noted: “Short-term might bleed more, especially with those token unlocks incoming. But longer-term… if the fund delivers utility and a Binance or Coinbase listing happens, $PI could reclaim $1.50+ again by month-end.” Related: Pi Coin (PI) Price Prediction for May 16 Pi Network Ventures: Aiming for Ecosystem Growth Like a VC Pi Network’s $100M initiative, formally known as Pi Network Ventures, is intended to inject vitality into the Pi ecosystem. It plans to do this by investing in startups across various sectors, including fintech, AI, social applications, and marketplaces. The draft indicates that, unlike some typical crypto funds, Pi Network Ventures aims to operate with the due diligence and early-stage innovation focus of a traditional Silicon Valley venture capital firm. PI Technical Analysis: Bearish Pressure Dominates, Key Levels Emerge The Relative Strength Index (RSI) has dropped from extremely overbought levels (90+) to 42.15, just above oversold territory, indicating a cooling phase but no strong bullish reversal yet. On the other hand, the Bollinger Bands (BB) on the 4H chart are expanding downward, reflecting rising volatility and bearish momentum. Source: TradingView Price is now sitting below the BB median (20-SMA) of $1.0145, suggesting bearish pressure dominates. The lower band sits at $0.7033, which could act as the next major support. A breakdown below $0.70 would open the door to $0.60–$0.58, where buyers may step in. Related: Analyst Flags Major Risk in Pi Network, Draws Comparisons to Terra Luna 2022 Crash Meanwhile, a break above $1.32 (upper BB) could then lead to a retest of $1.50, and potentially $2.50 by Q4, assuming Pi Network Ventures begins delivering real utility and a CEX listing materializes. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Top 7 Token Unlocks of the Week (May 12-18)
Over $1,2 billion in crypto will be unlocked this week, potentially triggering buying or selling pressure for the tokens involved in the unlock events. Here are the top seven token unlocks of the week. Top 7 Token Unlocks This Week – Over $1,2 Billion in Crypto Top 7 token unlocks of the week 1. WhiteBIT Coin (WBT) Tomorrow, May 13, almost 39,5 million WBT tokens will be unlocked, representing 12% of the total supply. So far, almost 70% of the total supply has been unlocked, according to CryptoRank data. The unlock amount is $1,2 billion, or 27.4% of the fully diluted market cap of the token at over $9,8 billion. Today, WBT is trading above $30, with a market cap of over $29,7 million. WBT price in USD today 2. Aptos (APT) Today, over 11,3 million APT tokens are unlocked, or almost 1% of the total supply. So far, over 41% of the supply has been unlocked. The unlock amount is over $68 million, representing almost 2% of the fully diluted market cap of the coin at over $6,9 billion. At the moment of writing this article, APT is trading above $6, with a market cap of over $3,77 billion, and the digital asset is up by over 2.5% in the past 24 hours. APT price in USD today 3. Arbitrum (ARB) On May 16, over 92,6 million ARB tokens will be unlocked, or over 0.9% of the total supply. Almost 36% of the total token supply has been unlocked so far. The unlock amount is more than $43 million, representing more than 1.9% of the fully diluted market cap of the token at $4,56 billion. ARB is up by almost 1% in the past 24 hours, and the coin is trading above $0.46, with a market cap of over $421 million. ARB price in USD today 4. StarkNet (STRK) On May 15, more than 127 million STRK tokens will be unlocked. The amount represents almost 1.3% of the total supply. So far, over 16% of the supply has been unlocked. The unlock amount is $24 million, or a little over 4% of the fully diluted market cap of the coin at $1,88 billion. STRK is up by more than 5% in the past 24 hours, and the coin is trading at almost $0.19, with a market cap of over $45 million. STRK price in USD today 5. Immutable (IMX) On May 16, over 24,5 million IMX tokens will be unlocked, or over 1.2% of the total supply. More than 91% of the total IMX supply has been unlocked, according to CryptoRank data. The unlock amount is over $17,7 million, or over 1.3% of the fully diluted market cap of the token at $1,45 billion. Today, IMX is trading at almost $0.73 with a market cap of more than $1,32 billion. IMX price in USD today 6. ApeCoin (APE) On May 17, over 15,3 million APE coins will be unlocked, or over 1.5% of the total supply. So far, more than 83% of the total APE supply has been unlocked. The unlock amount is over $10,5 million, representing almost 1.9% of the fully diluted market cap of the coin at over $680 million. APE is up by over 4% for the day, and it’s trading above $0.67, with a market cap of over $511 million. APE price in USD today 7. BounceBit (BB) Tomorrow, May 13, 44.7 million BB tokens will be unlocked, representing about 2% of the total supply. Over 15% of the BB supply has been unlocked so far. The unlock amount is over $7,8 million or almost 11% of the fully diluted market cap of the token at $367 million. BB is up by over 3% today, and the coin is trading above $0.17, having a market cap of over $91 million. BB price in USD today These token unlocks are important events because they can trigger volatility for the digital assets, and this week, the WBT token unlock will be the most significant.
CRV Token on Free Fall as Curve Finance Confirms DNS Record Attack
Key Notes Curve Finance suffered a DNS hijack, redirecting users to a malicious clone site with a similar setup. CRV token price dropped by over 8%, falling to $0.7274 as traders reacted to the security incident. Technical indicators flash bearish signals, with MACD nearing a negative crossover. Curve Finance, a prominent decentralized finance (DeFi) ecosystem, is once again under siege, this time from a DNS-level exploit that sent shockwaves through its user base, resulting in a sharp downturn in the price of its native token, CRV. According to CoinMarketCap data , CRV trades at $0.7303, down almost 7% in the past 24 hours and is retesting the 20-day Exponential Moving Average (EMA) at $0.7074. DNS Compromise Triggers Panic Late Monday night, Curve Finance confirmed a critical security breach involving its domain curve[.]fi. Late last night, the curve [.] fi domain was compromised at the DNS level. This exploit redirected traffic to a malicious IP not associated with Curve Finance. No smart contracts or internal systems were breached—the protocol itself remains fully operational and secure. User… — Curve Finance (@CurveFinance) May 13, 2025 The attacker manipulated the DNS records, rerouting users to a malicious website that mirrored Curve’s legitimate interface but contained nefarious scripts designed to trick users into unknowingly approving token transfers. “The DNS incident involving Curve Finance reflects a broader issue across the industry,” the project stated in an official post, highlighting the rising frequency of infrastructure-targeted attacks in the crypto space. Fortunately, Curve’s core infrastructure, including its smart contracts and internal systems, remains uncompromised. “User funds are safe,” the team reiterated, assuring users that the breach was isolated strictly to the front-end layer. This latest attack mirrors a previous DNS hijack in 2023, which led to over half a million dollars in losses. Technical Analysis: Bearish Clouds Forming The Bollinger Bands on the chart below show that CRV has pulled back from the upper band ($0.8018) and is now testing the middle band (20-day SMA) around $0.7080. A breakdown below this level could expose CRV to the lower band support near $0.6141. CRV 1D Chart with BB and RSI. Source: TradingView The MACD Indicator displays a neutral crossover forming, with the MACD line (0.0421) and signal line (0.0422) nearly converging. If this crossover tilts bearish, downward momentum could accelerate in the coming days. If the MACD crosses negatively and CRV loses the $0.7080 support, the token could test $0.61–$0.62 in the near term. On the flip side, if CRV reclaims the $0.75 mark with volume confirmation, the next resistance lies at the upper Band near $0.80–$0.81. Note: this is a sponsored message from our partners 🔥 BTC Bull Token ($BTCBULL) Turns Into Investors’ Eye Candy Amid hack attempts and a collapsing CRV token, BTC Bull ($BTCBULL) is gathering attention in a hurry with $5.6 million raised in its ongoing presale. The project aims to reward holders through various mechanisms tied to Bitcoin’s price appreciation. The rewards include direct BTC airdrops for holding $BTCBULL in their designated wallets and further airdrops or token burns triggered by $25,000 increments in Bitcoin’s price, with a significant airdrop promised when BTC reaches $250,000. About BTC Bull ($BTCBULL) As per the whitepaper, BTC Bull leverages meme culture and military-themed branding to create an engaging community around Bitcoin’s potential. A significant 10% token airdrop is also planned for early supporters when Bitcoin reaches $250,000. By offering these BTC-adjacent rewards and fostering a strong bullish narrative, $BTCBULL seeks to become a compelling asset for those who believe in Bitcoin’s upward trajectory. Current presale stats: Current price: $0.00251 Amount raised so far: $5.67M Ticker: BTCBULL Chain: Ethereum With just 1 day, 20 hours left until the next price increase, market participants can easily complete their purchase of BTCBULL tokens by visiting the official website of the project and capitalizing on Bitcoin’s growth potential. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
BitBoard, Clash of Lilliput surge as Bitcoin hovers below $96,000
While Bitcoin hovers around $95,400, several gaming and social tokens like BitBoard (BB) and Clash of Lilliput (COL) are leading the pack with notable 24-hour increases. BitBoard has surged 104% in the last 24 hours, trading at $0.006162 from a low of $0.002903. BB has shown a price pump of 760% over the past week and 4,200% growth in the last 30 days. See below. Source: CoinGecko BitBoard describes itself as “a space for stars and fans that offers an online fandom service.” However, despite the price action, there haven’t been any notable announcements or developments from the project that would explain such price movements. The surge appears to be driven more by market speculation than fundamental developments. You might also like: Here’s why XRP market cap will flip Ethereum in 2025 Second on CoinGecko’s top crypto gainers list is Clash of Lilliput. The token jumped 64.3% in the past 24 hours from $0.2546 to $0.419 before falling to about $0.2874 at press time. Unlike BitBoard, there is a clearer catalyst for COL’s price action. Source: CoinGecko The gaming token supports an “LG game based on the scenario of a race of miniature people building a tribe to help their survival and prosperity.” The recent price surge coincides with an announcement about expanded token utility within the game ecosystem. 💫📯 Power Up with #ClashofLilliput! 💎⚡️ Use $COL to speed up upgrades, buy items, trade pets & gear, and even shape the game through governance votes! 🏆🔥 Earn rewards based on your battle rankings. pic.twitter.com/GYUdDPzmmv — Clash of Lilliput (@LilliputGames) May 3, 2025 According to the team, users can now use COL to speed up upgrades, buy items, and trade pets & gear. They can also earn rewards based on their battle rankings. This expansion of in-game token utility appears to be driving genuine user interest and demand. You might also like: NFT sales jump 22% to $107m, Pudgy Penguins recover TROLL climbed 52.3% over 24 hours, from $0.01996 to $0.03373. Despite the impressive gains, TROLL appears to be a relatively new project with no clear developments or announcements that would explain the price surge. It’s currently up 20.2% and trading at $0.03106. Source: CoinGecko The fourth coin on the list is ArcBlock which has gained 40% in the last 24 hours, trading at $1.15 from $0.817 at last check. ArcBlock’s price movement appears connected to a specific product announcement. Source: CoinGecko The project recently unveiled ArcSphere which is described as “a different kind of browser” though specific details about its functionality and features were not provided. Something new is coming. ArcSphere — a different kind of browser. Are you ready? pic.twitter.com/pCXC47cTmi — ArcBlock (@ArcBlock_io) May 4, 2025 While these smaller tokens post big gains, Bitcoin (BTC) has pulled back below $96,000. The overall crypto market cap has also dropped 0.9% from yesterday’s $3 trillion to $2.97 trillion as per CoinMarketCap data. Read more: Crypto VC funding: Camp Network, Miden each secure $25 million
As FOMO Spikes and Whales Exit, Bitcoin’s Top May Be In Sight
Bitcoin tests $98K resistance as Capo flags a local top and risk of short-term distribution. LTH profits near 350% at $99.9K, a level historically tied to cycle tops and heavy distribution. RSI nears 70 as whales withdraw $200M; Taker Buy Ratio spikes to 1.142 on Binance. Bitcoin’s strong rally from April’s $75,000 low might be at the risk of a halt as the $92,000–$98,000 resistance band stands strong. Popular market analyst Capo of Crypto warned in a recent post that the current levels may represent a local top and possible “LTF distribution.” “Above $92k–93k → Bullish, but strong resistance at $96k–98k. Below $92k → Bearish,” Capo noted, highlighting the high-risk, high-reward zone Bitcoin has entered. His chart further projects a potential “real capitulation event” if BTC is rejected from this resistance and fails to hold key support near $92,000. On-Chain Metrics: Long-Term Holders Near Peak Profit According to Glassnode , long-term holders (LTHs)—those holding BTC for more than 155 days—are approaching a critical profitability threshold. The latest report shows that the average unrealized profit for these holders will hit approximately 350% if BTC reaches $99,900. This level is historically linked to large-scale distribution events where holders sell. Notably, LTH supply has increased by 254,000 BTC over the last two months. Despite their reputation for diamond hands, LTHs have shown a clear tendency to take profits near macro tops, as seen during rallies in 2021 and 2023. Related: Bitcoin (BTC) Price Prediction May 2025: Can BTC Break Above $96K or Face Resistance? Market Data: Taker Buy Ratio Spikes The Taker Buy/Sell Ratio on Binance recently spiked to 1.142, the highest level in its current range. This indicates that market participants are aggressively buying at market price, not waiting for dips; a clear sign of bullish FOMO. Further, a sharp $200 million BTC outflow from exchanges (as per the Whales Screener) coincided with Bitcoin breaking through $96,000. This withdrawal, typically interpreted as whales moving coins into cold storage, reflects confidence and reduces immediate sell pressure on exchanges. Bitcoin Price Analysis As per the chart below, the Bollinger Bands (BB) show BTC pushing the upper band near $100,000, a signal of overbought conditions but also strong upward momentum. Meanwhile, mid-BB support rests near $90,000, which aligns with Capo’s short-term bearish invalidation zone. If price retraces to this area, the reaction will be critical. Source: TradingView Related: North Carolina’s ‘Digital Asset Freedom Act’ Looks More Like a Bitcoin Bill Also, the RSI (14-day) sits at 69.66, teetering on overbought. Historically, Bitcoin can push well above 70 in parabolic rallies, but it also suggests a pullback could follow if bulls lose momentum. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Bitcoin Breakout Watch: RSI and Bollinger Bands Point to $100K Resistance
Bitcoin price holds near $95K as RSI approaches overbought territory, sparking breakout watch. Presto Research maintains $210K year-end Bitcoin target despite macro uncertainties. Bitcoin miners face rising competition from AI firms, potentially tightening BTC supply. Bitcoin (BTC) is once again at the center of market attention, as it fights to solidify its role as both “digital gold” and a high-beta risk asset. According to crypto research firm Presto Research, Bitcoin has shown strong resilience in April bouncing sharply from early-month lows and now trading above $94,000. Presto noted that the rally has set the stage for either a continuation higher or a corrective pullback, depending on upcoming technical and macroeconomic shifts. Bitcoin’s $210K target reaffirmed: volatility, institutional adoption, and global liquidity are fueling the next big move. Watch Peter Chung, our Head of Research, share insights on CNBC Asia’s Squawk Box. https://t.co/kzJaUVhNs6 — Presto Research (@Presto_Research) April 28, 2025 Bitcoin Nears Upper Bollinger Band as RSI Signals Caution From a technical perspective, Bitcoin’s daily chart shows prices hovering just below $95,000 brushing against the upper Bollinger Band, a zone that often signals short-term overheating. The Bollinger Bands (BB), calculated using a 20-day simple moving average and 2 standard deviations, shows the upper BB stands near $98,431, the lower band around $78,124, and the midline support near $88,278. Source: TradingView The Relative Strength Index (RSI), meanwhile, stands at 67.78, just below the overbought threshold of 70. While not extreme, it hints that Bitcoin is entering a potentially exhausted state after a powerful rally from April lows near $80,000. Related: From ‘Never Sell’ to Maybe Sell? Saylor’s Strategy Filing Changes Bitcoin Tune If Bitcoin can break cleanly above $98,500, it may ignite a rapid move toward the psychological $100,000 mark. Failure to hold current levels could see a retracement toward support near $88,000. Presto Research: Bitcoin Still on Track for $210K Year-End Target Peter Chung, Head of Research at Presto, reiterated his year-end target of $210,000 for Bitcoin in a recent CNBC interview, maintaining confidence in Bitcoin’s potential despite macro volatility. According to Chung, institutional adoption and global liquidity expansion remain key drivers behind his bold projection, effectively a 120% upside from current levels. He explained that Bitcoin acts like a “risk-on asset” most of the time, benefiting from network effects similar to internet companies. However, during periods of geopolitical stress or financial instability, Bitcoin tends to pivot into its “digital gold” behavior — serving as a safe-haven asset alongside physical gold. Notably, both Bitcoin and gold have rallied more than 40% over the past 12 months, though Bitcoin’s price action has remained more volatile and spiky compared to gold’s steady climb. Energy Battles Between Bitcoin Miners and AI Firms Could Tighten Supply A rising structural debate is brewing over the battle for cheap electricity between Bitcoin miners and AI data center operators. While Bitcoin’s supply side is fixed through its halving cycle, its mining profitability hinges on electricity costs. Chung believes Bitcoin miners will continue operations as long as price appreciation justifies the power costs, i.e., higher BTC prices could offset the rising competition from AI data centers. Related: ‘Fed on the Clock’: Hayes Links Bond Market Stress to Coming Bitcoin Gains However, if competition from AI firms sharply drives up energy prices, less efficient Bitcoin miners may be forced offline, tightening circulating supply and strengthening price support over time. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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