$OM Mantra DAO continues its steady decline following the recent crash incident.
After the foundation's exit, they're making typical "we'll do our best" statements before likely fading into crypto history. Another project joining the long list of protocols that couldn't survive post-crisis damage control.
Buying pressure from mid-sized whales and large retail investors began to slow down since yesterday, with large whale buying activity showing a sharp decline approximately 2 hours ago.
Caution is advised for potential short-term corrections in the market. Current on-chain data suggests a notable shift in accumulation patterns that typically precede price adjustments.
Goldman Sachs Delays Rate Cut Forecast from June to July
Goldman Sachs has pushed back their expected timeline for the first Fed rate cut from June to July FOMC meeting, citing stronger than anticipated economic data:
Real employment growth estimate: 149,000 jobs Better-than-expected employment figures ISM Manufacturing Index showed improvement in recent release
These robust economic indicators suggest the Fed has less urgency to cut rates, supporting Goldman's revised forecast for a later pivot to policy easing. #FedPolicy #EconomicData
The Tether dominance chart shows continued support at current levels on the daily timeframe. This particular support zone has historically acted as a strong momentum pivot point, which explains the persistent defense of this level.
Should this support zone fail, there appears to be no significant support below until substantially lower levels, potentially triggering an accelerated decline.
Therefore, monitoring a potential breakdown from this repeatedly defended zone becomes particularly important for market participants.
Key relationship: A decline in Tether dominance typically correlates with Bitcoin price appreciation, as capital flows from stablecoins into crypto assets.
Current $BTC Whale Movement Dynamics in the Market
The present market dynamics are being primarily driven by the performance of Grey and Purple whales, with a notable absence of other whale categories participating.
Smaller whales and retail traders (the "fish") are currently either taking profits or unable to enter positions effectively. This situation creates conditions where Purple and Grey whales could potentially drive the market in a single direction without significant resistance.
While this unilateral movement remains a possibility, it's not guaranteed. The key risk factor would be Grey and Purple whales suddenly engaging in massive selling activity, which would likely only occur in response to a black swan event or severe market disruption.
Historical behavior patterns are instructive here: Grey whales demonstrated caution before the presidential election by selling positions and adopting a wait-and-see approach. Once the election concluded with Trump's victory, they rapidly repurchased previously sold positions.
Grey whales appear particularly sensitive to macroeconomic conditions, suggesting their trading strategies are heavily influenced by broader economic indicators rather than just crypto-specific factors.
Four months ago, $VIRTUAL was at $5.14 ($5.14B FDV), and it promptly crashed afterward. Will history repeat itself with this new analysis? Let's examine the current situation... Strengths 💪 1️⃣ Improved Tokenomics: Fully vested with 1B tokens already issued. The team has aggressively burned 35% of supply over four months. When accounting for burns, today's $1.74 price equates to just $1.13 relative to previous tokenomics. The previous ATH adjusted for burns would now be $7.90. 2️⃣ Active Develo
Coinbase premium has turned negative for the first time in 10 days.
Under the assumption that US markets lead crypto markets, the Coinbase premium serves as an indicator of US investors' enthusiasm for Bitcoin. While price has rebounded, the Coinbase premium shows signs of shifting from positive to negative territory.
If $BTC functions as a leading indicator for NASDAQ, then the Coinbase premium acts as a leading indicator for Bitcoin itself. This shift suggests potentially waning US market participation despite the recent price recovery. #Bitcoin #MarketIndicators
High open interest (OI) paired with numerous short positions against an elevated reference price has created positive funding rates.
The order book shows concerning liquidity gaps, suggesting potential for manipulated price movements. With these conditions, the survival prospects for those short positions appear questionable at best.
The combination of thin liquidity and positive funding working against shorts creates a particularly precarious situation that could trigger significant price volatility.
-Scheduled for May 1st at 12:00 (actual time may vary slightly) -Unlock size: $253M (representing 2.28% of current circulating supply) -Sources: Series B investors, Mysten Labs Treasury, Community Reserve, and Contributors
Worldcoin's Significant Developments and Potential
$WLD (now World Network) recently made an intriguing post, possibly teasing their in-development social platform.
Their core strategy revolves around using iris authentication as a universal human verification system. Those who've scanned their iris already have the World App, which houses numerous mini-apps they're looking to expand.
Why build this ecosystem? Because iris verification eliminates traditional identity verification methods like ID cards or phone numbers. This could provide digi
Important Notice: Binance Changes Funding Rate Periods
there's a significant change to funding rate schedules coming on May 2nd!
Previously, funding rates were applied at fixed 8-hour or 4-hour intervals. Under the new system:
When spot-futures price gaps widen enough to push funding rates to +0.3% or -0.3%, the funding settlement period will automatically switch to 1-hour intervals.
This means holding positions with large spot-futures gaps will result in much more frequent funding fee payments, potentially eroding profits quickly.
Be careful with holding leveraged positions on assets with significant basis - you could end up losing most of your gains to hourly funding fees under this new system.
Make sure to adjust your strategies accordingly before this change takes effect on May 2nd! $STEEM $ALPACA
The chart is displaying several concerning signals: -Continued resistance at key S/R Flip zones -Bearish divergence formation -Declining volume -Weakening buy momentum with progressively smaller bullish candles
These technical indicators point toward potential downside movement. Even if an immediate drop doesn't materialize, we should be prepared for a possible decline to the Fair Value Gap (FVG) on the daily timeframe.
Daily FVGs tend to be highly reliable zones that often get filled, suggesting this gap has a high probability of being closed in the near term.
$FTT SBF Transferred to Low-Risk Terminal Island Prison from Violent Facility
FTX founder Sam Bankman-Fried has been moved from the medium-security prison in Victorville, California to the low-risk Terminal Island facility near Los Angeles.
He's currently serving a 25-year sentence while his appeal process continues.
This transfer represents a significant improvement in his incarceration conditions, moving him from a facility known for violence to one with considerably lower security concerns.
$TRUMP Token Whales Invited to Private Dinner with Donald Trump
Top $TRUMP token holders have received an exclusive invitation to a private dinner with Donald Trump himself. The event is scheduled for May 22nd at the Trump National Club in Washington, D.C.
In conjunction with this announcement, significant changes to the token's unlocking schedule have been made:
-Tokens initially set for the cliff unlock -Tokens scheduled for daily unlocks over the following 3 months
Both these token allocations will now receive an additional 90-day lockup period.
This move could potentially reduce immediate selling pressure while creating a more exclusive atmosphere around the token's largest holders.
Since the last update, BTC has successfully broken through another resistance level and closed above it.
Price has now reached the origin of the recent correction that bottomed out at 74.5K.
This sets up a very straightforward scenario: We're now watching a key battle between the support zone at 91.6K–92.3K and the resistance zone at 94K–95K.
Forget the macro noise — whether it’s about the Fed, elections, or global events — in a bullish trend, it's simple: "If support holds, price goes higher."
The only thing to monitor here is whether BTC holds this key support range or breaks below it.
We needed to stay active during the previous sideways consolidation — now, ironically, the less we do, the better.