BlockBeats News, on May 19, according to EmberCN monitoring, "A giant whale that shorted ETH with 25x leverage and then switched to long BTC, once again on the verge of liquidation" recognized losses and stopped out after holding the position for 45 minutes, incurring an additional loss of $175,000. Its initial capital of $2.96 million remained $250,000 after 2 days of continuous trading.
After closing the long position in BTC, this whale once again shorted 2636 ETH at $2444 with 25x leverage, with a liquidation price of $2480.
According to COINOTAG News reported on May 18, recent HypurrScan data shows significant fluctuations in Ethereum (ETH) positions. A wallet known for executing large short positions with 25x ETH has closed approximately 18,300 ETH from its previous short position. The wallet currently holds about 23,537 ETH short position, equivalent to approximately 59.28 million USD in position value. The entry price for these positions is 2,514 USD, with a liquidation threshold set at 2,540.7 USD. This data indicates a tactical approach to market volatility, emphasizing the intricate dynamics of cryptocurrency trading. Traders are advised to closely monitor these developments as they may reflect broader market sentiment.
BlockBeats news, on May 18, according to HTX market information, Ethereum has surpassed $2500, currently priced at $2504, with a 24-hour increase of 0.44%.
SUI Chain DEX Soars 89%! Why is the Market Still Cautious?
The trading volume of Sui's decentralized exchange (DEX) has seen significant growth, reaching a total trading volume of $90.79 billion as of May 15. This marks an 89.88% increase in DEX trading volume year-to-date. It is noteworthy that the Cetus protocol accounts for 58.83% of the total volume, becoming the dominant player in the ecosystem. This increase reflects enhanced on-chain participation, especially on native platforms. As of this writing, SUI's trading price is $3.72, down 5.36% on the day, but the ecosystem's usage rate continues to grow. Retail enthusiasm is rising, but traders are hesitant.
BlockBeats News, on May 16, Federal Reserve Chairman Powell stated that he is reassessing the monetary policy framework and adjusting related language to enhance flexibility in responding to inflation and supply shocks, with a review expected to be completed in a few months. He noted that the April PCE inflation expectation is 2.2%, indicating effectiveness in controlling inflation, and that the current policy has achieved a "soft landing," a rare positive outcome. In the face of more frequent and persistent supply shocks, the future framework will incorporate long-term structural factors and seek more flexible policy tools.
Bitunix analysts suggest:
The signal of policy adjustment helps stabilize market expectations, alleviating interest rate hike pressure and benefiting risk assets. Inflation is stabilizing and receding, with a policy leaning towards easing, which is a mid-term positive for the cryptocurrency market. It is advised to pay attention to whether the BTC 100K support holds. If it holds, 105K will be a short-term resistance level. In terms of operations, focus can be on ETH, ecological coins, and inflation-resistant tokens that are highly sensitive to policy changes.
On May 16, the cryptocurrency analysis platform LookIntoChain reported significant trading activity by cryptocurrency influencer pow (@traderpow). pow sold 7.6 million LAUNCHCOIN at a price of approximately $0.203 per coin. The total amount of this transaction was about $1.54 million, ultimately receiving 9,040 SOL. Currently, pow holds 4.75 million LAUNCHCOIN, valued at about $1 million, in addition to a liquidity pool worth $950,000, holding 4.49 million LAUNCHCOIN. This strategic move highlights the ongoing volatility and trading dynamics of the cryptocurrency market, especially regarding the liquidity and valuation of LAUNCHCOIN. Market analysts believe that such large-scale transactions could influence investor sentiment and the overall market landscape as the demand for crypto assets continues to change.
According to Onchain Lens monitoring, a giant whale withdrew 13,800 ETH (worth 35.26 million USD) from Coinbase and repaid the ETH borrowed against cbBTC as collateral. The whale still needs to repay 32,377.6 ETH (approximately 8.261 million USD).
CryptoQuant's recent analysis reveals key on-chain price metrics for Ethereum (ETH) holders. The data shows significant differences in the average cost basis across different wallet sizes. For addresses holding 100 to 1,000 ETH, the average entry price is $2,225. In contrast, the average cost basis for addresses managing 1,000 to 10,000 ETH is slightly lower at $2,196. Larger investors, particularly those holding 10,000 to 100,000 ETH, report an average cost of $1,994, while the largest holders with over 100,000 ETH have an astonishingly low average cost of $1,222. This data highlights market behavior and provides valuable insights for current and potential investors navigating the turbulent landscape of ETH.
A noteworthy development has recently emerged in the field of cryptocurrency, with an important transaction being recorded. On May 15, data from OnChain Lens indicated that an address associated with Ethereum ICO participants deposited 2,839 ETH into the Kraken exchange. This transaction is valued at approximately $7.32 million, highlighting the ongoing interest in Ethereum as a key asset in the digital currency market. As investors remain vigilant, such trends can serve as indicators of larger market trends. The influx of Ethereum to exchanges like Kraken may impact market liquidity and trading dynamics. Given that these transactions can influence price volatility, market analysts are closely monitoring the situation. This not only reflects participants' confidence in Ethereum but also underscores the necessity for investors to closely watch significant developments in the cryptocurrency space.
NASDAQ-listed company Canaan Technology released an unaudited Bitcoin mining update report for the period ending April 30, 2025, disclosing that 87 BTC were mined in April, increasing the total Bitcoin holdings to 1,424 BTC, with a deployed hash rate of 8.15 EH/s by the end of the month. Additionally, Canaan Technology disclosed that its Ethiopia mining site experienced slight power interruptions in April, but the uptime still reached 95%.
Solana breaks through $183 resistance level triggering a bull market; how far will SOL's upward momentum go?
After nearly three months, Solana's price has rebounded to $185. Solana price re-tested $183 today; confirmation will trigger a bull market. 65% of Solana's total supply has been staked, with total locked value (TVL) reaching $10.9 billion. The increase in network fees and the upcoming ETF approval will stimulate future growth. Solana Coin has once again topped the list of top interests, growing 35% in the past 30 days, which has allowed SOL to break through the long-term resistance level of $180.
Currently, the altcoin is trading at $180, having recorded two potential retests and confirmations. One at $179.7 and the other at $180.49, recently testing $183, and it has yet to be confirmed whether it will break through $200 for a strong rise.
According to the latest data from Glassnode, Bitcoin's on-chain transaction volume has surged, with the 7-day moving average (SMA) reaching a local high of about $5 billion. This spike on May 14 indicates a revival of bullish sentiment among investors. Notably, such a positive net buying trend has been rare this year, making the current market activity worthy of attention. This phenomenon suggests that market participants' confidence is steadily increasing, further reinforcing the viewpoint that the recent price movements (including the breakthrough of $100,000) are supported by real demand in the spot market. Investors should remain vigilant, as these trends indicate that market dynamics are strengthening, which may impact future Bitcoin valuations.
Ethereum ETH Price Breaks $2,700 - Rally Gains Momentum Again!
Ethereum's price continues to rise, breaking through the $2,700 area. Currently, ETH is correcting its gains and may retest the support level of $2,575. Ethereum starts a new round of increases, breaking through the resistance level of $2,700. Price is above $2,620 and the 100-hour simple moving average. On the ETH/USD hourly chart, it broke through the connection of the bearish trendline, with resistance at $2,450 (data provided by Kraken). The currency pair may find a buy price near $2,575 and begin a new round of increases in the short term. Ethereum's price resumes upward movement
BlockBeats News, on May 14, according to crypto journalist Eleanor Terrett, former Chairman of the U.S. House Financial Services Committee Patrick McHenry revealed in an interview that former SEC Chairman Gary Gensler privately is not as opposed to cryptocurrency as he appears in public. "This has more to do with Senate politics and the position he holds in public office"
Ethereum ETH Price Decline: Healthy Cooldown or Warning Sign of Greater Trouble?
The price of Ethereum continues its upward momentum, breaking through the $2,500 area. Currently, ETH is correcting its gains, possibly retesting the $2,350 support level. Ethereum starts a downward correction from the resistance level of $2,600. The price is trading above $2,400 and the 100-hour simple moving average. On the ETH/USD hourly chart, it broke below the connecting bullish trend line, with support at $2,500 (data provided by Kraken). The currency pair may find a buying price around $2,350 and start a new round of increases in the short term.
The latest report released by COINOTAG on May 13 reveals that ChainInfo's analysis uncovered a significant transaction involving a cryptocurrency giant. This investor withdrew a massive $4 million in USDC from Binance three days ago and subsequently purchased 276,000 TRUMP tokens at an entry price of $14.4 per token. However, just one hour ago, this investor liquidated their holdings at a low price of $12.8 per token, resulting in a substantial loss of nearly $453,000. The rapid fluctuations surrounding the market dynamics of TRUMP highlight the inherent volatility of crypto assets and underscore the necessity for investors to implement robust risk management strategies. In the context of market volatility, understanding such significant transactions can provide valuable insights into investor behavior and overall market sentiment.
In a significant market fluctuation, COINOTAG reported on May 13 that a well-known cryptocurrency whale monitored by @ai_9684xtpa has executed a strategic closure. This whale chose to close a WIF short position, investing 3 million USDC to purchase 1,221.3 ETH at an average price of $2,457. Such transactions highlight the ongoing volatility in the Ethereum market and underscore the importance of monitoring whale activities, as these can have a substantial impact on market dynamics. This move reflects how institutional investors can profit from market fluctuations and emphasizes the necessity for investors to remain vigilant and be aware of significant transactions within the ecosystem.
BlockBeats News, on May 13, it was reported that Moonshot has launched the meme coin IKUN on the Solana chain, and the market capitalization of this token is currently reported at 10.71 million USD.