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Prominent Trader: Bitcoin's 5-Day MA Has Been a Key Turning Point Over the Past 9 Months, Signifying Significant Reversals

2 hours ago

May 1st: Renowned trader Killa (@KillaXBT) took to X today to note that Bitcoin has exhibited a clear reversal pattern on the 5th of each month over the past nine months. He also hinted that the upcoming May 5th aligns with other reversal indicators he’s been tracking. Known as a BTC-focused quantitative trader, Killa accurately called the peak of the current bull market in May 2025 and boasts over 180,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and is currently sitting on an unrealized loss.
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Arkham: Multicoin Pump and Dump HYPE, Currently Holding $27.4 million Worth of Tokens

Per Arkham Monitor, a suspected multicoin address recently engaged in swing trading HYPE. The address accumulated HYPE via Galaxy Digital during the asset’s hype phase, selling roughly $23 million worth of HYPE three weeks ago—around the peak of the hype cycle. It still holds 680,000 HYPE, equivalent to $27.4 million.

22 minutes ago

Yesterday, Bitcoin ETF saw a net inflow of $23.5 million, while Ethereum ETF experienced a net outflow of $23.7 million.

On May 1, per Farside Investors monitoring data, U.S. Bitcoin spot ETFs saw a net inflow of $23.5 million yesterday. IBIT recorded a net inflow of $19.1 million, while FBTC had a net inflow of $26.6 million. Ethereum ETFs posted a net outflow of $23.7 million, with ETHA registering a net outflow of $50.6 million.

22 minutes ago

Democratic Senator Pressures Tether Over Alleged Bribery of US Secretary of Commerce

On May 1, Democratic Sens. Elizabeth Warren and Ron Wyden are pressing for accountability over Tether’s alleged bribery of U.S. Commerce Secretary Howard Lutnick. Reports state Tether provided an undisclosed loan amount to a trust fund benefiting Lutnick’s children, and Cantor Fitzgerald—where Lutnick previously worked—was also a custodian of Tether’s reserves. Warren and Wyden further noted the recently passed “Genius Act” benefited Tether, adding Tether had lobbied in support of the bill—suggesting potential cronyism.

22 minutes ago

Hundreds of Ethereum Long-Term HODL Addresses Hacked, Reasons Unknown

**May 1 Update** Crypto analyst Wazz says hundreds of Ethereum mainnet wallets—many dormant for over 7 years—have been drained by the same address since yesterday. Aragon team member @TheTakenUser also confirmed in a post that funds from the project’s wallet were transferred for unknown reasons. The root cause of the incident is still unconfirmed. Community analysis points to possible factors: leaks of old mnemonics or private keys (2017–2020), issues with storage tools like LastPass, or prior risky authorizations—not a new smart contract vulnerability.

22 minutes ago

Short-Term Bitcoin Holders in Profit for the First Time in Almost Six Months, Signaling Potential Upside or Resistance

On May 1st, crypto analyst Darkfost noted that the 30-day moving average (MA) of the Short-Term Holder (STH) SOPR has turned positive for the first time in six months—suggesting short-term holders (STHs) are now, on average, at breakeven or a slight profit. Historical data indicates this typically acts as a resistance level in bear markets, as holders often panic-sell due to low confidence.

22 minutes ago

Survey: Over 66% of High-Income US Employees Use AI at Work

Per a Federal Reserve survey released May 1st, 66.3% of U.S. employees earning over $200,000 annually have used AI tools for work in the past year. That’s followed by 51.6% of those making $100k–$200k and 40.2% of those earning $50k–$100k. In contrast, just 15.9% of Americans earning less than $50k annually used AI tools for work over the same period. College graduates are more than twice as likely to use AI tools for work as those without a college degree—58.7% vs. 22.9%. Full-time workers are nearly twice as likely to use AI as part-time employees: 42.7% vs. 24.7%. Among AI users, 68% said the tools made their work easier, while 56.7% reported they boosted productivity.

22 minutes ago

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