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Bitcoin has recently experienced a sharp decline, with a total drop of about 27% this year, falling approximately 50% from its all-time high. Although the market has suffered a heavy blow, market funds have not withdrawn as a result. On the contrary, investors are actively positioning themselves for the next wave of market movement through the options market.

Under the pressure of ETF funds continuously bleeding out, Bitcoin’s recent downtrend has not eased, and the price is rapidly nearing the $60,000 psychological integer level. This price point is not only a familiar mental line of defense for the market, but is also viewed by many analysts as a key support level that must not be breached; if it breaks, the sell-off could spiral into a chained stampede—turning into a cascading scramble like a scene of “bloodshed.”

As the overall cryptocurrency market declines, stocks of these "vault-type" digital asset companies continue to fall, with many dropping far more than the cryptocurrencies they hold. Artemis's data shows that the total market value of fully diluted shares of these Bitcoin vault companies has dropped from a recent peak of nearly $134 billion in early October to about $72 billion, a decrease of $62 billion, highlighting the ongoing disintegration of a once-hot cryptocurrency trading sector.

The cryptocurrency market has recently been volatile, with Bitcoin dropping sharply by 21% over the past ten days and briefly falling below the $61,000 mark, reaching a new four-month low. This decline has coincided with the timing of an action by Strategy, a company holding a large amount of Bitcoin, to announce a buyback of corporate debt, sparking market concerns about a potential “doom loop,” similar to the chain reaction seen during the Terra Luna collapse.
According to a report by TradingView, on May 15, Strategy announced its decision to repurchase some convertible debt—an instrument th

Institutional investors' movements are the core driving force behind this round of decline. Strategy (MSTR-US), long regarded as a steadfast Bitcoin holder, sold 32 Bitcoins for the first time in a single day, breaking the company's "never sell coins" market belief, and the psychological impact of this move far exceeds the amount sold itself. Additionally, Bitcoin spot ETFs have experienced net outflows for 11 consecutive days, totaling approximately $3.5 billion in losses, indicating ongoing pressure on institutional holdings.
Research indicates that the crypto market is under pressure from "

The bestselling personal finance book "Rich Dad, Poor Dad" author Robert Kiyosaki recently posted a warning on social platform X, advising investors not to blindly believe the statement that "U.S. government bonds are safe assets." He believes that no investment tool in the market can completely avoid risk, and even the so-called stable U.S. bonds could lead investors to losses due to incorrect judgments.

Affected by the decline in Bitcoin prices earlier this year, MicroStrategy reported a net loss of up to 12.5 billion USD in the first quarter.
Company CEO and President Phong Le stated during the earnings call on Tuesday (the 5th): "In the future, we will consider selling Bitcoin, whether to exchange for US dollars or to buy back debt in situations that help increase the per-share Bitcoin value, these are strategies we might adopt."
He further emphasized: When selling Bitcoin is beneficial to the company, we will sell.

Mysterious Whale Burns 107 Bitcoins in a Single Transaction
The cryptocurrency market recently saw a shocking on-chain transaction. An unknown holder, within just a few minutes, transferred a total of 107 Bitcoins ($BTC) into one of the most well-known "Black Hole Addresses" (Burn Address) for Bitcoin through 5 transactions, equivalent to permanently destroying assets worth over $8.2 million to $8.5 million.
The address to which these Bitcoins were transferred is "1111111111111111111114oLvT2," one of the most iconic burn addresses in Bitcoin history. Since this address does not have a corr

$1.3 Billion Dark Pool Sell Order: Breaks Through $77k in 10 Minutes
According to TradingView data, the trade occurred on Tuesday of this week at 2:30 PM UTC. Bitcoin's price dropped from $77,875 to $76,720 within 10 minutes, a decline of 1.5%. Afterwards, Bitcoin continued to face downward pressure, reaching the day's low of $75,600 about 12 hours later, with a total daily decline of 2.8%.
Bloomberg ETF analyst Eric Balchunas pointed out that this 29.2 million IBITs traded at a price of $43.16 each, more than 22 times the second-largest IBIT sell order of the day. Dark pools are private t

Looking back to last October, when Bitcoin surged past its all-time high of $126,000, the amount of coins held by these long-term holders was about 14.12 million. Since then, it has grown significantly to 16.3 million, and just within the past month alone, it has increased by roughly 200,000 Bitcoins.
Historically, the only time when the long-term holders’ coin holdings were higher than they are now was on the eve of the launch of the U.S. Bitcoin spot ETF in January 2024, when it reached 16.4 million. However, in the following months, as Bitcoin’s price rallied strongly, these large holders a

NVIDIA announces its latest first-quarter financial report, with revenue reaching $81.61B, a 20% quarter-over-quarter increase and an 85% year-over-year increase, setting a new record high; Non-GAAP gross margin is 75%, and earnings per share (EPS) is $1.87.

May 20th, according to Onchain Lens monitoring, a whale spent $1 million USDT to buy 11,206 AAVE tokens, with an average price of $89.24, and deposited them into Aave V3.

Spot ETF Capital Outflows Accelerate
According to SoSoValue data, since May 7, the 11 U.S. spot Bitcoin ETFs have collectively outflowed over $1.5 billion. Just on Monday (May 18), the single-day redemption amount reached $648 million, the highest since January 29, and this is the second time in a week that a single-day outflow exceeded $600 million.
This level of institutional reduction has completely offset the inflows at the beginning of the month, resulting in a net outflow of $396 million since May. Analysts believe that routine corrections usually are not accompanied by such large an

To emphasize the issue of risk, let's look at two sentences:
"Risk comes from not knowing what you're doing."
"Betting on instinct, you'll lose more than you win."
On the surface, these two sentences don't seem very different; both emphasize the importance of making informed, rational decisions. But the difference lies not in what is said, but in who is speaking. The first sentence is from the greatest figure in investment history—Warren Buffett; the second is from Stanford Wong, an expert in blackjack.

A netizen posted on X, claiming that with the help of the AI model Claude, they successfully recovered a cryptocurrency wallet that had been locked for as long as 11 years. The user bought 5 bitcoins during their college years, but after changing the password while they were mentally unwell, they forgot it—leaving their assets, currently worth about 400,000 USD, unable to be withdrawn. The netizen fed Claude backups from an old computer and a suspected seed phrase for analysis. The AI immediately found an error in the logic of the recovery tool’s code and successfully helped the owner retrieve

According to The Wall Street Journal, several early Bitcoin supporters, including Gemini co-founders Winklevoss brothers, are heavily betting on privacy coin Zcash, believing its shielded transaction mechanism aligns more closely with Bitcoin's early ideals. Grayscale filed Form S-3 on May 8th, intending to convert its Zcash trust into the first privacy coin spot ETF. ZEC is priced at approximately $597, with an annual increase of over 1,400%.

A netizen recently shared that they successfully recovered a Bitcoin wallet that had been locked for over 11 years, and the one who helped them accomplish this was Claude. After the post was made public, it quickly spread throughout the cryptocurrency community and AI circles.

After enduring a long period of turbulent correction, is the "bull engine" of the cryptocurrency market finally about to restart? The on-chain data analysis firm CryptoQuant's "Bitcoin Bull-Bear Cycle Indicator" turned green on Wednesday, entering the "early bull market" zone, the first time since March 2023. Analyst Julio Moreno stated that this may indicate that "the market structure has begun to enter a recovery phase."
Julio Moreno further explained: "From historical experience, this is a key signal of a major shift in market dynamics. When the indicator officially exits the bear market an

In response to external concerns that Strategy might sell Bitcoin to pay dividends on perpetual preferred stock STRC, the company's Executive Chairman Michael Saylor stated that even if Strategy does sell Bitcoin in the future, the amount the company has purchased will definitely far exceed the scale of any sales.
Michael Saylor said in a podcast interview that Strategy might sell a small amount of Bitcoin at certain times, but he emphasized that any sale would be immediately offset by larger-scale buying.
As for when would be the right time to sell Bitcoin? Strategy CEO Phong Le said in an in

#Gate廣場五月交易分享
JPMorgan’s latest report indicates that since the outbreak of the Iran conflict, Bitcoin has surpassed gold, becoming investors’ go-to tool for hedging against currency devaluation—Bitcoin ETFs have recorded net inflows for three consecutive months, while gold ETFs are still trying to recover the funding they lost in March.
Devaluation trades rotating from gold to Bitcoin
In its latest research report, a team of JPMorgan analysts led by Nikolaos Panigirtzoglou pointed out that “debasement trades are rotating from gold to Bitcoin.” The so-called debasement trade refers to a s