A whale address borrowing coins to long ETH liquidated 10,543 ETH one hour ago, resulting in a loss of $1.42 million

On May 17th, CryptoQuant analyst Axel Adler Jr. put up on social media, saying, "During the present bull market cycle, when compared with the price movement in 2021, traders who were betting on a price decline have been much more cautious when setting up short positions. The only significant long squeeze took place during a pullback in Bitcoin around the $80,000 level." This change in sentiment shows that shorts have become more risk-averse, which is generally regarded as a bullish sign.

On May 17th, based on Farside's monitoring data, this week the US Ethereum spot ETF witnessed a total net inflow of $41.8 million.

On May 17th, as monitored by Farside Investors, the cumulative net inflow of the US Bitcoin spot ETF this week was $608 million. This includes: - BlackRock IBIT: +$841.7 million - Fidelity FBTC: -$122.2 million - Bitwise BITB: -$14.9 million - ARK ARKB: -$68.8 million - JPMorgan BTCO: -$2.5 million - VanEck HODL: +$7.3 million - Grayscale GBTC: -$72 million - Grayscale BTC Mini: +$39.8 million

On May 17th, a new report from CryptoQuant indicated that ETH has quietly dropped to a historically rare range. A market signal shows that ETH is severely undervalued compared to BTC. This signal stems from Ethereum's ETH/BTC market value-to-realized value (MVRV) ratio, which is used to measure a relative valuation indicator of market sentiment and historical trading patterns. Historically, whenever this ratio has reached similar low levels, ETH has witnessed significant price increases and outperformed BTC by a large margin. CryptoQuant believes that investors seem to have become aware of this. With a sharp increase in the demand for ETH ETFs, the proportion of ETH held in BTC ETFs has risen significantly since the end of April. This shift in allocation indicates that institutional investors expect ETH to outperform BTC, possibly due to recent protocol upgrades like EIP-1559 or a more favorable macroeconomic environment. CryptoQuant suggests that the current ETH/BTC price ratio has re

On May 17th, as monitored by Onchain lens, a newly established wallet has just withdrawn 1.79 trillion PEPE from Binance, with a value of $22.22 million.

On May 17th, according to official channels, eligible users who possess at least 196 Binance Alpha Points can commence claiming an airdrop of 3,935 REX tokens on the Alpha Activities page starting from 7:00 UTC on May 17th, 2025. It should be noted that claiming the REX airdrop will consume 15 Binance Alpha Points. Users are required to confirm the claim on the Alpha Activities page within 24 hours (before 7:00 UTC on May 18th, 2025); otherwise, it will be regarded as a waiver of the claim.