Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin Surges Past $108,000, Just 1.4% Away From All-Time High

On May 21st, according to HTX market data, Bitcoin has exceeded $108,000. The current price is $108,094. It only requires a 1.4% increase to reach a new all-time high.

Bitcoin Breaks $107,000

On May 21st, based on HTX market data, Bitcoin has exceeded $107,000, and the current price is $107,192.

Bitcoin Perpetual Contract Open Interest Hits All-Time High, Funding Rate Indicates Intense Market Long vs Short Battle

On May 21st, based on Coinglass data, the total open interest of Bitcoin contracts across the network has hit a record high of $74.557 billion. This data is a bit higher than the previous two instances when Bitcoin reached a phase top (on December 18, 2024, it was $71.852 billion, and on January 22nd of this year, it was $69.568 billion). It is worthy of note that the current mainstream CEX and DEX Bitcoin contract trading pairs' funding rates present a relatively neutral market, with the rates of some platforms slightly inclined towards a bearish sentiment. Platforms such as Binance (0.0084%), OKX (0.01%), and Bitget (0.01%) have neutral funding rates. Platforms like Bybit (-0.0064%) and BingX (-0.0064%) have rates that slightly favor a bearish sentiment. According to Bitcoin exchange platform liquidation map data, if Bitcoin breaks through $109,028, the cumulative short liquidation strength will reach $2.181 billion; if Bitcoin drops to $104,921, the cumulative long liquidation str

Arthur Hayes: Bitcoin Could See a Surge to the $150-200K Range by Late Summer, Ethereum Would Be Considered to Have Met Expectations If It Can Reach $5,000 by the End of the Year

On May 21st, in the most recent interview on the Bankless YouTube channel, Arthur Hayes disclosed that the cryptocurrency portfolio of his family office, Maelstrom, is primarily dominated by two major market cap leaders. There is a fund allocation of approximately 60% in Bitcoin, 20% in Ethereum, and the rest consists of a large number of altcoins, token investment terms, etc. The non-cryptocurrency portion only includes physical gold, gold mining stocks, and government bonds, and that's all. Arthur Hayes stated that he believes Bitcoin will first surge from the current time until the end of summer to the range of $150,000 to $200,000, experience a deep retracement, and is expected to reach $250,000 by the end of 2026. If Ethereum can reach $5,000 by the end of the year, it would meet expectations, which would boost market confidence, and the final bull market cycle could reach $10,000 to $20,000. However, for Ethereum to reach $5,000 will be a difficult uphill battle. Furthermore, t

The Blockchain Group Raises Approximately $9.75 Million to Advance Its Bitcoin Financial Services Company Strategy

On May 21st, according to official channels, the European-listed company The Blockchain Group (ALTBG) declared a capital increase of around 8.6 million euros (approximately 9.75 million US dollars) in order to advance its Bitcoin financial services company strategy. This financing was obtained through two undertakings, namely reserved capital increase and private placement, both of which were issued at a price of 1.279 euros per share.

QCP: If Bitcoin breaks through its all-time high, it may trigger a new round of FOMO rally, further boosting the price of the coin

On May 21st, QCP released its daily market observation, indicating that the yield of the 30-year Japanese Government Bond (JGB) has exceeded 3%, breaking through a historical level. Japan's long-standing and escalating debt issue has always been a potential concern, and it is now approaching a critical juncture. If this wave of bond sell-offs continues and fiscal concerns intensify, the market's reevaluation of Japan's risk could lead to the yen's appreciation in the short term. The volatility in the Japanese market has already started to impact global markets. The yield of the U.S. 30-year Treasury has once again surpassed 5%, and investors are now focusing on the U.S.'s own debt trajectory. Meanwhile, Bitcoin tried to break through the $108,000 mark today but failed to maintain the upward momentum. The current price trend is closely related to the accumulation by Strategy and Metaplanet, which remain the main sources of buying pressure. However, as the market becomes more concerned,

10x Research: Bitcoin Still in Upswing Cycle, Next Target is $122,000

On May 21st, 10x Research released a post indicating that "Through on-chain data analysis, it is found that in 2025, Bitcoin's 'OG' wallets - those belonging to early investors, miners, and long-standing exchanges - have been continuously disposing of Bitcoin. This is not a panicked sell-off but a planned and rhythmic asset rotation. Bitcoin is steadily flowing towards high-net-worth individuals, hedge funds, and corporate treasuries such as MicroStrategy's. Meanwhile, exchange deposit levels remain low, and market volatility is being curbed. This cycle is different from the rapid rise driven by retail FOMO in 2017 or 2021." This market trend is slow, strategic, and driven by institutions. As long as whales can continuously absorb the selling pressure, Bitcoin still has room for growth. Bitcoin's historical pattern shows that the real risk is not when long-term holders start selling but when they stop selling. It is at that time that demand begins to weaken, absorption fails, and earl

Willy Woo: Once Bitcoin Breaks All-Time High, It Will Rapidly Rise to $118,000

On May 21st, the renowned cryptocurrency analyst Willy Woo stated on social media that "once Bitcoin actually breaks through its all-time high, the progression towards $118,000 will be rather rapid."

Matrixport: Spot Buying Pressure Drives Bitcoin Price Increase, Speculative Fervor Wanes

On May 21st, Matrixport presented its market analysis for today, stating, "The movement of the Bitcoin price reflects a historical trend: the price is approaching a new high, and the open interest has also risen to a historical high of $34 billion. However, the funding rate remains close to zero, indicating that this trend is mainly driven by spot buying rather than leverage contracts." The relatively low funding rate implies a limited market speculation bubble, with a lower risk of a sharp correction triggered by leverage. As a result, volatility remains low in this cycle, and there is a low likelihood of significant short-term fluctuations. The Bitcoin market structure is evolving, with long-term capital gradually replacing short-term speculation as the dominant driving force.

Total Bitcoin Open Interest Across All Exchanges Surpasses $76 Billion, Reaching an All-Time High

On May 21st, based on Coinglass data, the total open interest of Bitcoin futures contracts across all exchanges reached 710,630 BTC (approximately $76.35 billion), reaching a new record high. Among them, the open interest of Bitcoin futures on CME was 163,430 BTC (approximately $17.55 billion), ranking first; The open interest of Bitcoin futures on Binance was 116,730 BTC (approximately $12.54 billion), ranking second.

Analyst: Market Has Yet to Show Signs of Overheating, Bitcoin Poised to Reach All-Time High

On May 21st, CryptoQuant analyst Axel Adler Jr. put up on social media, saying, "Whenever the price of a coin shows a strong upward trend, making a large number of previously losing tokens quickly become profitable, the 30-day Simple Moving Average (SMA) of Unspent Transaction Output (UTXO) Profit/Loss Ratio rises to above 200. The higher this indicator goes up, the more likely the market is approaching an 'overheated' or 'sell-off release' stage." Currently, this indicator is at 99, so there are no signs of overheating in the market. If this moving average continues to break through 200, it will be a clear signal that market sentiment is entering a new round of euphoria. In other words, while the market may still keep reaching new highs, the 'easy fuel' that has been pushing the profit/loss ratio higher is basically running out, and subsequent movements will need stronger price momentum or significant volatility to drive the indicator higher again. As I mentioned yesterday, this cyc

The US Bitcoin Spot ETF Hits Another All-Time High in Cumulative Net Inflows, Surpassing $42.7 Billion

On May 21st, based on Farside Investors' data, the cumulative net inflows of the US Bitcoin spot ETF have exceeded $42.746 billion, reaching a new record high.

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $329.2 million, marking the fifth consecutive day of net inflows.

On May 21st, based on the data from Farside Investors, the net inflow of the US Bitcoin spot ETF yesterday was $329.2 million, indicating that it was the fifth consecutive day of net inflows.

Bitcoin Surges Above $107,000

On May 21st, based on HTX market data, Bitcoin has seen a rebound and surpassed $107,000. It is currently trading at $107,032, with a 24-hour increase of 0.65%.

If Bitcoin breaks through $108,000, the mainstream CEX total short liquidation volume will reach $1.144 billion.

On May 21st, based on Coinglass data, if Bitcoin manages to break through $10.8K, the cumulative short liquidation intensity on mainstream CEXs will reach $1.144 billion. In addition, if Bitcoin drops below $10.5K, the cumulative long liquidation intensity on mainstream CEXs will reach $1.179 billion. BlockBeats Note: The liquidation chart does not accurately depict the number of contracts awaiting liquidation or the exact value of contracts that have been liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows how much the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that once the price is reached, it will experience a more intense reaction due to a liquidity cascade.

Texas Strategic Bitcoin Reserve Bill SB 21 Passes House Second Reading

On May 21st, as per Bitcoin Laws, the Texas Strategic Bitcoin Reserve Bill SB 21 was approved during the second reading in the House. BlockBeats Notes: The procedures following the second reading are as follows: third reading and voting (final passage by the House) → transmission to the Senate (repetition of the third reading process) → if there are inconsistencies between the two houses, reconciliation and revision will occur → finally sent to the Governor for signature and enactment.

Blackstone Group Makes First Bet on Bitcoin, Holds $1.08M Worth of IBTC

On May 21st, it appears that Blackstone Group has finally taken its first step into Bitcoin. As the "world's largest alternative asset manager" with assets under management exceeding $1 trillion, Blackstone Group only purchased a little more than $1 million worth of the Valkyrie Bitcoin Strategy ETF (IBIT), which has a fund size of over $600 billion. According to a filing made public on Tuesday, Blackstone held this asset in its investment portfolio as of the end of the fiscal quarter on March 30th. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday, as of the end of March, Blackstone held only $1.08 million worth of IBIT. This is the first time that Blackstone has publicly disclosed its holdings related to cryptocurrency. Back in 2019, Blackstone Group's co-founder and CEO, Stephen Schwarzman, expressed little interest in Bitcoin. He said at that time, "I have very little interest in this. I don't have much interest because I don't underst

Hyperliquid High Win Rate Whale Goes Short on Bitcoin with 40x Leverage, Short Position Valued at $88.41 Million

On May 21st, as monitored by ai_9684xtpa, the "High Win Rate Whale with Profits Over $21.128 Million on Hyperliquid" address opened a 40x short position on BTC in the early hours at 4:00 a.m. when Bitcoin surged to a short-term high. It deposited 2.3 million USDC and currently holds a short position of 826.18 BTC, approximately $88.41 million. - Opening Price: $107,091.9; - Liquidation Price: $108,500; - Current Unrealized PnL: $68,000. Currently, this address is in a short position match against the well-known trader James Wynn, but both are currently in a profitable state.

A whale has deposited $16 million into Hyperliquid and has gone long on Bitcoin with 40x leverage.

On May 21st. According to the monitoring of OnchainLens, a cryptocurrency whale address deposited 16 million USDC into Hyperliquid and opened a Bitcoin long position with a leverage of 40 times. Currently, the position is worth more than 1.1769 billion, and the floating profit is 100,000. The relevant wallet address is: 0xc653c52d0b0528fe5eaca412a7bc1a5aabb7c142.

James Wynn has increased his Bitcoin long position to 7764.264 coins, with a total value of up to $832 million.

On May 21st, according to the monitoring of ai_9684xtpa, the renowned trader James Wynn has increased his long position of 40x BTC. He is now holding 7764.264 BTC, with a value of up to 832 million US dollars. The entry price is $105,033.4; the liquidation price is $100,330; and the current unrealized profit and loss is $16.59 million.

Bitcoin Surges Above $107,000 Briefly This Morning

On May 21st, according to HTX market data, Bitcoin briefly exceeded $107,000 this morning. It is now in a retracement phase and is at $106,710. The 24-hour gain has narrowed to 1.06%.

Bitcoin Breaks $106,000

On May 21st, according to HTX market data, Bitcoin exceeded $106,000, showing a 24-hour percentage change of 0.75%.

Santiment: Bitcoin Spot ETF has seen a net inflow of over $6.6 billion in the past 5 weeks, typically a bullish signal

On May 21st, Santiment announced on social media that there is a significant inflow in the Bitcoin spot ETF, and this trend started in mid-April. Over the past 5 weeks, the net inflow into the Bitcoin ETF has reached $6.63 billion. Historical data shows that this is usually a strong bullish signal for the future price increase of Bitcoin.

Bitfinex Report: Spot Demand Drives Bitcoin Price Increase

On May 21st, Bitfinex Alpha issued a report indicating that since Bitcoin reestablished itself above the $92,000 range's low point in late April, it has continuously demonstrated strong resilience and structural strength, with a steady price increase. This recent upward trend is clearly driven by the spot market, featuring a rapid surge following a brief and distinct consolidation phase. This trend suggests that the current market is in a healthy stage of chip accumulation, supported by strong real demand rather than speculative overheating. The spot cumulative volume delta (CVD) of major trading platforms remains positive, further confirming that the market is led by genuine buyers rather than leveraged speculators. Meanwhile, the position performance in the derivatives market is more reactive. The open interest of contracts shows market transition, accompanied by the unwinding of short positions and resets triggered by liquidations. This cleansing process helps establish a healthier

Michael Saylor: Bitcoin is Transforming the Equity Capital Markets

On May 20th, the founder of Strategy, Michael Saylor, posted and stated that Bitcoin is transforming the equity capital markets.

K33 Research: Bitcoin Surpasses $100,000 But Trading Volume is Low, Institutional Long Position Demand Rising

On May 20th, K33 Research issued an article stating that although the price of Bitcoin exceeded $100,000, its volatility and trading volume remained relatively low. Meanwhile, at the Chicago Mercantile Exchange (CME), the open interest rates have continued to rise, with a substantial growth in open positions, suggesting an increasing institutional demand for long positions in the market.

Strive Plan to Purchase Approximately 75,000 HODL Bitcoins at a Discount

On May 20th, according to Bitcoin Magazine, Vivek Ramaswamy's asset management firm, Strive, intends to acquire approximately 75,000 bitcoins from Mt. Gox at a discounted rate.

Standard Chartered Bank: SEC Data Supports Bitcoin Reaching $500,000 Target by 2028

On May 20th, Geoff Kendrick from Standard Chartered Bank stated that the recent U.S. Securities and Exchange Commission (SEC) 13F report suggesting support for Bitcoin is anticipated to reach $500,000 by the end of 2028. Although there was a decline in the direct holdings of Bitcoin ETF shares in the first quarter, government agencies have increased their holdings in Strategy (formerly MicroStrategy), which is regarded as an alternative investment vehicle for Bitcoin. This might indicate the efforts of institutions to obtain Bitcoin exposure while being subject to regulatory constraints.

Bloomberg Analyst: BlackRock's Bitcoin Holdings Reach 57% of Satoshi Nakamoto's, Projected to Become the World's Largest Bitcoin Holder by Next Summer

On May 20th, Bloomberg's Senior ETF Analyst Eric Balchunas stated in a post on Platform X that BlackRock's holdings of Bitcoin have now reached a level where it is second only to Satoshi Nakamoto, accounting for 57% of its total holdings. At the present rate, it is expected that BlackRock will become the world's largest Bitcoin holder by the end of next summer. However, if the price of Bitcoin were to increase to $150,000 in the coming months, this could lead to a massive "buying spree" among investment advisors, which might significantly accelerate this process.

Bloomberg Analyst: Vanguard Group Expected to Allow Bitcoin ETF Trading on Its Platform in the Next Year to Two

On May 20th. Eric Balchunas, the senior ETF analyst at Bloomberg, posted on the X platform, indicating that the investment giant Vanguard may never initiate a Bitcoin Exchange-Traded Fund (ETF). However, it is anticipated that they will "lower their guard" within the next one to two years, enabling Bitcoin ETFs to be traded on their platform. Especially when the price of Bitcoin reaches $150,000 or $200,000, they are tired of constantly being inquired about this by clients. Additionally, their new CEO has connections with the parent company of BlackRock and IBIT.

Analyst: Bitcoin Poised to Hold $100,000, ETH Rally Driven by Retail Investors

On May 20th, as per Coindesk, Strategy disclosed on Monday that it had purchased 7,390 bitcoins between May 12th and May 18th at an average price of $103,498. Valentin Fournier, the Chief Research Analyst at BRN, stated: "This round of buying action is intended to firmly set a new bottom for Bitcoin above $100,000. The inflow of funds into ETFs also reflects this strength." Fournier pointed out that the recent price increase of Ethereum (ETH) "is more driven by organic demand rather than institutional inflows, which may suggest an increase in retail activity and a decoupling of performance between Bitcoin and other altcoins."

PlanB: If the S&P 500 index reaches 7,000 points, Bitcoin could rise to $300,000

On May 20th, the renowned analyst PlanB stated on social media that if the S&P 500 Index were to rise to 7000 points, Bitcoin was expected to rise to $300,000.

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Strategy: Bitcoin Hodlers Currently Enjoying Over $20 Billion in Unrealized Gains

As of May 18, 2025, as of May 20th, Strategy holds 576,230 bitcoins. The total purchase price is approximately $40.18 billion, and the average price per bitcoin is around $69,726. According to HTX market data, BTC is currently trading at $105,118. Based on this, the unrealized gain of Strategy's bitcoin holdings is approximately $20.392 billion.

Publicly traded company The Smarter Web Company increases its Bitcoin holdings by 16.42 BTC, at an average price of $10,420.

May 20th, in London - The publicly listed tech company, The Smarter Web Company, announced that it has augmented its holdings by 16.42 bitcoins. The total value of these holdings amounts to ￡1.28 million, with an average price of ￡77,943 per bitcoin (approximately $104,225.56). Currently, the company's total holdings stand at 35.62 bitcoins, and the total investment made is ￡2.69 million. The company underscored that since 2023, it has been accepting bitcoin payments and has incorporated bitcoin into its core financial strategy.

Texas Bitcoin Reserve Bill to Receive Second Reading in House Today

On May 20th, as per BitcoinMagazine, the Bitcoin reserve bill in Texas, the US, is set to undergo a second reading in the House today.
: In the event that the second reading is passed, the subsequent processes will be: Third reading and voting (final approval by the House) → Sent to the Senate (repetition of the third reading process) → In case there are differences between the versions of the two chambers, reconciliation and amendments will be carried out → Eventually sent to the Governor for signature and enactment.

Analyst: Bitcoin Rebounds Without Showing Overheating Signs, Seen as Healthy Bull Market Signal

On May 20th, the CryptoQuant analyst Avocado released an article stating that Bitcoin's rebound without showing any signs of overheating is a clear indication of a healthy bull market. "This shows that the market's buying sentiment still leans towards further upside, suggesting that it is not the time to think about exiting." BlockBeats Note: The signs of overheating mentioned by the analyst in the chart are: a significant increase in the Funding Rate + a breakthrough in the Taker Buy Volume. Since these abnormal fluctuations have not occurred at the current stage, the uptrend is relatively healthy and has room for further upward movement.

Bitcoin Falls Below $105,000

On May 20th, based on HTX market data, Bitcoin dropped below $105,000, and the 24-hour price change narrowed to 1.72%.

James Wynn has reduced his Bitcoin long position to $310 million, with a realized profit of $4.838 million.

On May 20, according to the monitoring of ai_9684xtpa, the renowned trader James Wynn has begun to take profits and has reduced his long position in Bitcoin. He currently holds $310 million and has a long position of 2954.52 BTC. There is a remaining unrealized profit of $4.838 million.

A whale has deposited an additional 350 Bitcoins to a CEX, equivalent to around $37.17 million.

On May 20th, as per the monitoring of lookonchain, a whale address deposited an additional 350 Bitcoins (approximately $37.17 million) into Binance one hour ago. Previously, this whale had made a deposit of 1,000 Bitcoins (about $104 million) into Binance on May 11th.

James Wynn: Fully Leveraged Long Position, Bitcoin to Surge to Near $118,000 Next Weekend

May 20th: A renowned trader, James Wynn, who has reaped a profit of $38.78 million in the past two months, shared that a long position with over 40 times leverage and a $568 million position was opened in Bitcoin. James Wynn stated, "Since Bitcoin reached a local low of $74,000, the price has been trading within a channel, only touching the bottom support twice. I predicted this 'breakout' on Sunday, but it turned out to be a fakeout manipulated by market players. They suppressed the price to force out those who entered long positions due to fear of missing out (FOMO)." I have been monitoring the liquidation heatmaps. From the chart, it seems that there is little significance in further downward pressure. By pushing the price down to $102,200, they have achieved their liquidation goal. Additionally, $100,000 has now become a very strong psychological support level. I know there are a lot of limit buy orders waiting to support the price at $99k, $98k, $97k, and so on. I am not sure if

Analysis: Bitcoin RSI Shows Bearish Divergence, Uphill Momentum Weakening

On May 20th, the cryptocurrency analyst @ali_charts released "Is Bitcoin Ready to Break Its All-Time High? Key Indicator Analysis," emphasizing key signals such as: The Bitcoin price is facing a critical resistance test zone; the technical pattern shows a "hanging man" bearish candlestick pattern; the technical indicators show divergence. The RSI shows a bearish divergence, the MACD forms a bearish crossover, and the upward momentum of Bitcoin shows signs of weakening.

The US Bitcoin Spot ETF Sees Record Net Inflows, Surpassing $42.4 Billion

On May 20th, according to data from Farside Investors, the total net inflows of the US Bitcoin spot ETF have surpassed $42.416 billion, hitting a historical peak. In the past 4 trading days, there have been continuous net inflows amounting to more than $1.34 billion. Previously, the total net inflows of the Bitcoin spot ETF reached a phase historical high of $40.78 billion on February 7th, having fully recovered from the net outflows during the market downturn of the past three months.

DigiAsia Announces $100 Million Bitcoin Investment Plan, Stock Price Surges 90% in One Day

On May 20th, as reported by Cointelegraph, the Indonesian fintech company DigiAsia announced a $100 million Bitcoin investment plan. Its board gave the green light to the establishment of a Bitcoin reserve and committed to using 50% of net profits to purchase BTC. It also planned to raise $100 million as seed funding through convertible bonds or crypto financial instruments. DigiAsia's stock FAAS surged 91% and closed at $0.36 on that day. Subsequently, it fell by 22% in after-hours trading.

Yesterday, the US Bitcoin spot ETF saw a net inflow of $667.4 million, marking the fourth consecutive day of net inflows.

On May 20th, according to data from Farside Investors, the net inflow of the US Bitcoin spot ETF yesterday was $6.674 billion, marking the fourth consecutive day of net inflows. These include: The net inflow of BlackRock's BIT was $3.059 billion; the net inflow of Fidelity's FBTC was $1.881 billion; and the net inflow of ARKB was $1.553 billion.

Analyst: Bitcoin Daily Chart Shows Bearish Divergence, Diminishing Hope for This Week's All-Time High

On May 20th, as per Cointelegraph, the cryptocurrency analyst Bluntz pointed out that a bearish divergence has emerged on the daily chart of Bitcoin. This could potentially dampen Bitcoin's hopes of setting a new all-time high this week. A bearish divergence refers to a situation where the price continuously reaches new highs, while the Relative Strength Index (RSI) indicator shows higher lows. This indicates that as the price rises, the buying pressure starts to wane.

JPMorgan CEO: Allowing Clients to Buy Bitcoin Has Not Altered My View on Cryptocurrency

On May 20th, as reported by FOX Business, Jamie Dimon, the CEO of JPMorgan Chase, said that JPMorgan Chase will enable clients to purchase Bitcoin. However, this policy change has not had an impact on his view of the cryptocurrency. "We will allow you to buy Bitcoin," Dimon told investors. "But we will not be providing custody services for it. We will only be conducting such transactions within the banking system's balance sheet." Previously, it was reported that Jamie Dimon, the CEO of JPMorgan Chase, stated, "I would never personally buy Bitcoin."

21Shares: Bitcoin Still Poised for Significant Year-End Rally, Currently at Breakout Point

On May 20th, as per CoinDesk, although Bitcoin's price is hovering slightly below this year's January high, the digital asset ETF issuer 21Shares holds the view that Bitcoin still has more room for growth this year. 21Shares' research strategist Matt Mena wrote in a report released on Monday: "Bitcoin is on the verge of a breakthrough." He believes that the current Bitcoin rally is not fueled by retail mania but by multiple structural forces working in unison, such as institutional inflows, historical supply tightening, and an improving macroeconomic environment. These factors indicate that Bitcoin will follow a more sustainable and more mature path towards a new all-time high. The amount of Bitcoin continuously being absorbed by spot Bitcoin ETFs surpasses the daily mining output, further tightening the supply. Meanwhile, major institutions, companies like Strategy, and new entrants like Twenty One Capital are also accumulating Bitcoin, and even some countries are starting to explor

If Bitcoin surpasses $108,000, the mainstream CEX cumulative short liquidation pressure will reach 656 million.

On May 20th, based on Coinglass data, if Bitcoin manages to break through $10.8K, the cumulative short liquidation intensity of mainstream CEXs will reach $656 million. Conversely, if Bitcoin drops below $10.4K, the cumulative long liquidation intensity of mainstream CEXs will reach $432 million. BlockBeats Notes: The liquidation chart does not provide the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent ones, that is, intensity. Therefore, the liquidation chart shows the extent to which the asset price reaching a certain level will be impacted. A higher "liquidation bar" indicates that the price reaching that level will trigger a more intense reaction due to a liquidity cascade.

Bitcoin Surges to Touch $106,000

On May 20th, according to HTX market data, Bitcoin experienced a rebound and touched $106,000. It is currently trading at $106,000, and the 24-hour decline has narrowed to 0.44%.

A certain 10x short whale of the mainstream coin Bitcoin is now experiencing a unrealized loss of $1.71 million. They have once again topped up their margin and short position.

On May 20th, as monitored by lookonchain, with the rise in the Bitcoin price, a whale that had taken short positions on BTC, ETH, and SOL with 10x leverage is currently holding an unrealized loss of approximately $1.71 million on BTC. About an hour ago, the whale added another 4 million USDC to the Hyperliquid platform in order to further increase their short position on BTC, thereby raising the entry average price and reducing the liquidation risk.