Trader Says Bitcoin's Fall Is Not Over Yet, Will Test $75,000 Support Level
May 10th
After a relatively stable weekend, Bitcoin’s price trended higher, steering clear of a drop back below $80,000. However, it failed to hold gains after rising to nearly $83,000 midweek—and traders are reiterating that BTC needs to retest its support level.
Notably, the “Bull Market Support Band” (two moving averages below $80,000) is drawing attention. Analyst Cryptic Trades noted: “On lower timeframes, following a rejection at the higher-timeframe resistance zone, I think a short-term retracement to the 2-day bull market support band— a key reversal zone over the past few months— is the most likely outcome.” He added: “As long as price holds above this band and the broader higher-timeframe support zone (around $75,000), further upside remains the base case.” Trader Daan Crypto Trades agrees, labeling the initial support band breakout as a “messy breakout.”
Turning to inflation: Ahead of next week’s fresh U.S. inflation data release, trader Killa warned BTC’s strong pri
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BAYC Floor Price Doubles to 10 ETH in One Month, Yuga Labs CEO Says Blue-Chip NFTs Are Oversold
May 10 — Bored Ape Yacht Club (BAYC) floor prices have doubled from ~5 ETH to 10 ETH over the past month, while its ecosystem governance token ApeCoin (APE) has surged from under $0.10 to ~$0.16 amid a sharp jump in trading volume.
Yuga Labs’ newly appointed CEO Michael Figge—who has held multiple executive roles at the firm since 2022 and took over the top job last month—stated blue-chip NFTs were clearly oversold in the digital asset space for a period. “Prices have seen significant compression, but overlaying the chart shows unique holder counts are actually rising,” he noted, adding NFT prices decoupled from user participation during the prolonged downtrend.
Some market participants cite growing DeFi sector pressure as another driver of renewed NFT demand: a spate of recent exploit events and falling lending protocol yields have shaken confidence in the space, coinciding with signs of revived NFT finance activity. Earlier last week, a $2.8 million CryptoPunks-backed loan went
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Amber Group's associated address withdrew $1.74 million worth of LAB from a Binance Wallet, and subsequently transferred it to Gate.
On May 10th, on-chain analyst Ai Auntie (@ai_9684xtpa) reported that an address tied to Amber Group withdrew 340,000 LAB (valued at $1.74 million) from a Binance Wallet an hour prior, then deposited the tokens into Gate.io. Since early May, LAB has surged 611% to $4.74, fully recovering from the dip following Zach’s bounty investigation.
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Altman: Gen Z and Millennials are turning to ChatGPT as their "life coach," while college students have adopted it as an operating system
May 10th, per a Fortune report: OpenAI CEO Sam Altman told an event hosted by Sequoia that Gen Z and Millennials are using ChatGPT as a "life counselor"—and American college students take it further, building complex workflows around the tool.
Altman noted young users treat ChatGPT like an operating system: they set up intricate configurations, connect it to files, jot down detailed prompts (or save them elsewhere), and rarely make a life decision without asking ChatGPT for guidance.
A 2025 OpenAI report adds that U.S. college-age young people are the most enthusiastic about ChatGPT compared to any other demographic or use case. Over a third of 18-24-year-olds use the tool, Altman explained, thanks to its ability to retain context from past conversations—remembering the people in a user’s life and all their prior chats.
People use ChatGPT for a range of consultations, from relationship advice to business and medical questions, with some even using it as an alternative to talk
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