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Wen #bullrun? 

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Five Key Indicators Suggesting an Upcoming Altseason: Is it Time for Altcoins to Shine? A prominent cryptocurrency trader believes that the time is ripe for an "altseason," pointing to four key indicators: Bitcoin is nearing its all-time high, retail interest is at a historic low, the ETH/BTC ratio is breaking a three-year downtrend, and the altcoin index is bouncing off a range low. Additionally, Bitcoin's narrative has shifted from speculative to a macro hedge and store of value, while altcoins are seen as technology platforms rather than just Bitcoin alternatives. Other encouraging signs include increased global liquidity, expanding stablecoin supply, bullish divergence in the altseason index, and a low retail index. Despite these indicators, experts caution that there may be sideways movement before a significant upward trend.

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Three Positive Indicators for Dogecoin as It Encounters Significant Resistance Levels Dogecoin has seen a slowdown in its rally in recent days, but on-chain data suggests a potential upswing. The most significant positive indicator is the volume of DOGE purchased by major investors, or "whales," in the past month, which has exceeded a billion. Crypto analyst Ali Martinez highlights an increase in active addresses, transaction volumes, and whale activity as supportive factors for further growth. Furthermore, Martinez states that large market players have amassed over a billion DOGE in the past month alone, equivalent to over $220 million considering Dogecoin’s current price. Despite the price drop in the early months of the year, Martinez believes that if Dogecoin can break through a major resistance area, it could trigger a new bull run.

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Could the $3B Crypto Options Expiry Today Lead to Further Market Declines? Approximately 26,500 Bitcoin options contracts, totalling around $2.7 billion, are set to expire on Friday, May 16. This follows a similar event last week, though derivative crypto trading has yet to recover. The Bitcoin options contracts have a put/call ratio of 0.99, indicating an evenly matched number of short and long contract sellers. The most significant open interest lies at $100,000, about $4,000 below current spot prices, where the highest losses are projected upon expiry. In addition to Bitcoin, about 220,000 Ethereum contracts, with a notional value of $570 million, are also set to expire, contributing to the overall crypto options expiry notional value of about $3.2 billion. The market is divided on whether Bitcoin will soon reach a new all-time high, with some cautioning that the market may be overextended.

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Significant Development in Ripple vs. SEC Case: XRP Value Drops by 5% as a Reaction The legal case between Ripple and the SEC took another twist when Judge Analisa Torres rejected the joint motion for a settlement, causing XRP's price to drop. The case, which started in late 2020, saw a motion filed on May 8th to reduce the penalty from the initial $125 million to $50 million. However, Judge Torres denied this motion due to procedural impropriety as both parties had failed to file it correctly under Rule 60. Ripple's CLO, Stuart Alderoty, stated that this does not affect the company's previous victories, such as the court not classifying XRP as a security. He emphasized that the denial was purely procedural and that both parties will revisit this issue with the court together.

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