Bitcoin (BTC) — Onchain News & Whale Tracking

Greeks.Live: Most Traders Anticipate Bitcoin to Experience a Significant Dip

On May 28th, the Greek.Live analyst Adam posted on social media that "the community generally has a bearish attitude. Most traders anticipate a significant decline in Bitcoin. Especially before the upcoming Bitcoin conference (May 27 - 29). There is a distinct divergence between the bears expecting a sharp drop and a bull who predicts that the SPX will reach 6650 by the end of July, and Bitcoin may reach 120,000 US dollars before pulling back to 102,000 US dollars."

K33: The MSTR Relative Bitcoin Holdings Premium Decline and Corporate Hodl War have led to a slowdown in Strategy accumulation speed

May 28th. Presently, although Strategy (formerly MicroStrategy), it is still continuously adding Bitcoin. However, the pace of accumulation has significantly slowed down compared to the peak in November of last year. K33 Research Director Vetle Lunde pointed out in a report on Tuesday that there are two factors contributing to the slowdown. Firstly, the premium of Strategy's Class A common stock MSTR in relation to its Bitcoin holdings has decreased. Secondly, the corporate Bitcoin hoarding competition is becoming increasingly intense. From May 19th to 25th, Strategy purchased 4,020 Bitcoins at an average price of $106,237 (approximately $4.271 billion). Among them, $3.487 billion came from its latest $21 billion ATM (At-the-Market) financing plan. This is a significant decrease compared to the previous week's $0.705 billion and from May 5th to 11th's $1.31 billion. Overall, the utilization speed of the new $21 billion ATM plan is much lower than that of the first $21 billion plan. F

QCP Capital: As the current market volatility continues to decrease, companies may choose to hold Bitcoin reserves to provide the market with new structural buying pressure.

May 28th. QCP Capital made a post on its official channel, indicating that the volatility of the majority of asset classes continues to decrease. Owing to the absence of significant news flows and macroeconomic data, the market has entered a period of tranquility. Although there is continuous news, the market appears to be increasingly insensitive to negative news. Headlines that could have previously triggered strong reactions are now casually ignored. The U.S. Treasury yields have slightly retracted after the so-called "grand and beautiful bill" caused fiscal turmoil last week. However, the debt-to-GDP ratio still remains above 120%, and the new bill is expected to add another $3.8 trillion to the national debt. The 10-year and 30-year U.S. Treasury yields have dropped below 4.5% and 5.0% respectively, while Japan's 30-year government bond yield has also fallen below 3%. These levels are still relatively high historically, but short-term risks have eased. Market attention has shift

David Sacks on Bitcoin Reserves Revisited: The key now is how to get the Treasury or Commerce Department to fund this

May 28th. As per a report by Cointelegraph, during a fireside chat at the Bitcoin 2025 conference, David Sacks, the White House Crypto Czar, informed Gemini's two co-founders that although he "is unable to commit to anything," the U.S. government does possess a means to acquire more Bitcoin. If the government could finance the purchase in a "budget-neutral" manner, without depending on taxes or adding to the continuously escalating national debt, then the U.S. would be able to purchase more Bitcoin. "The question is, can we stimulate the Treasury or Commerce Department to be enthusiastic about this. Because if they take this initiative and figure out how to fund it, then they have actually obtained the president's permission," said David Sacks.

El Salvador Ignores IMF Pressure, Continues to Accumulate Bitcoin

On May 28th, based on the data from the Salvadoran Ministry of Finance website, El Salvador once more increased its holdings of Bitcoin this morning. Currently, it holds 6,190.18 Bitcoins, with a value exceeding $674 million. In the past 7 days, it has added 8 Bitcoins, and in the past 30 days, it has increased its holdings by 30 Bitcoins. It still adheres to its plan of purchasing 1 Bitcoin per day. It is worth noting that in recent months, the International Monetary Fund (IMF) has been putting pressure on El Salvador to cease accumulating decentralized value storage assets. In December 2024, El Salvador reached an agreement with the IMF to receive a $1.4 billion loan. As part of this agreement, El Salvador agreed to revoke Bitcoin's status as legal tender in the country and reduce the public sector's engagement with Bitcoin. On April 27th, Rodrigo Valdes, the director of the IMF's Western Hemisphere Department, stated at a spring meeting press conference that El Salvador is still co

James Wynn increased his long Bitcoin position by 40x to $600 million, with a current mark price of $107,200

Yesterday, the US Bitcoin Spot ETF saw a net inflow of $385.4 million, marking the ninth consecutive day of net inflows.

On May 28th, according to data from Farside Investors, the net inflow of the US Bitcoin spot ETF yesterday was $385.4 million, marking the ninth consecutive day of net inflows. This includes: a net inflow of $409.3 million for Blackrock's BIT; a net inflow of $36 million for Grayscale BTC; and a net outflow of $38.3 million for ARKB.

BlackRock: Suggests Allocating 2% of Portfolio to Bitcoin

On May 28th, a spokesperson from BlackRock, which is the world's largest asset management company, proposed at the Bitcoin 2025 conference that 2% of the portfolio should be allocated to Bitcoin.

Michael Saylor: Bitcoin is the Currency, Everything Else is Just Credit

On May 28th, Michael Saylor, the founder of Strategy, posted and stated that "Bitcoin is the currency, and all other tokens only represent credit." At the Bitcoin 2025 event, Cameron and Tyler Winklevoss, the president and CEO of Gemini respectively, presented Michael Saylor with a Gemini Bitcoin credit card and said, "We gave Saylor a whale-sized credit limit. I think he can handle it."

Steak 'n Shake: Bitcoin Payment Faster Than Credit Card

On May 28th, a spokesperson for the U.S. chain fast food brand Steak 'n Shake stated at the Bitcoin 2025 Conference that Bitcoin payments are quicker than credit card payments. By accepting Bitcoin payments, the transaction processing fees have been reduced by 50%.

Bitwise CEO: If Asset Managers Allocate 1% to Bitcoin, It Would Bring 'Hundreds of Billions of Dollars' into the Market

On May 28th, as reported by Bitcoin Magazine, Hunter Horsley, the CEO of the $12 billion crypto asset management firm Bitwise, disclosed at the Bitcoin 2025 conference that if wealth management firms were to allocate 1% of their investments to Bitcoin, it would bring "hundreds of billions of dollars" into the Bitcoin market.

Publicly traded company Captor Capital has acquired $500,000 worth of Bitcoin

On May 28th, the Canadian listed company Captor Capital Corp announced that it had completed the purchase of $500,000 worth of Bitcoin and received a $450,000 convertible bond investment from a European institutional investor. Captor Capital intends to enhance its position in the digital asset space.

BlackRock Executive: Bitcoin Upside Potential Far Greater Than Gold

On May 28th, as reported by Bitcoin Magazine, Robert Mitchnick, the head of Belridge Digital Assets, disclosed at the Bitcoin 2025 conference that "Bitcoin has a significantly higher upside potential than gold."

Whale James Wynn once again increased his Bitcoin long position, liquidation price $107,420

On May 28th, according to on-chain data, the whale James Wynn once more increased his Bitcoin long position within nearly 20 minutes. Currently, his holdings have risen to $522.47 million. Entry Price: $109,782.3 Liquidation Price: $107,420 Unrealized Loss: $3.67 million

MetaPlanet issued a $50 million zero-coupon senior unsecured bond to increase its Bitcoin holdings.

On May 28th, the publicly traded company MetaPlanet in Japan announced the issuance of a $50 million interest-free convertible bond, which will be used for additional Bitcoin purchases.

「Crypto Tsar」: Blockchain, Bitcoin, and Cryptocurrency are the future of the financial system

On May 28th, as reported by Cointelegraph, David Sacks, the "Crypto Tsar" and the White House cryptocurrency and AI czar, stated at the Bitcoin 2025 conference that "We view blockchain, Bitcoin, and cryptocurrency as the future financial system."

Yesterday ARKB saw a net outflow of $38.3 million, while Grayscale Bitcoin Trust saw a net inflow of $36 million.

On May 28th, as monitored by Farside, yesterday ARKB witnessed a net outflow of $38.3 million, and GBTC saw a net outflow of $26.9 million; Grayscale BTC had a net inflow of $36 million, HODL saw a net inflow of $7.8 million, BITB had a net inflow of $1.8 million, and BRRR had a net inflow of $0.5 million.

U.S. Senator: Trump Supports Bitcoin Bill

On May 28th, U.S. Senator Cynthia Lummis from Wyoming stated on Tuesday that former President Trump is in support of her proposed Bitcoin legislation. During a Bitcoin conference held in Las Vegas, Lummis said, "Trump has a team in the White House that is working on digital asset issues—ranging from stablecoins to market structure to the establishment of a Bitcoin strategic reserve. These initiatives may be rolled out in that order." The Senator's Bitcoin bill draft suggests the creation of a strategic Bitcoin reserve and proposes that the U.S. government purchase 1 million bitcoins within 5 years, with the funding coming from the Federal Reserve System and the Treasury's existing funds.

Whale James Wynn reduces his Bitcoin long position, with a new liquidation price of $107,670

On May 28th, based on on-chain data, whale James Wynn began reducing his Bitcoin long position 3 hours ago. Currently, the position size has decreased to $502 million. Entry Price: $109,807.1 Liquidation Price: $107,670 Unrealized Loss: $3.88 million.

Bitcoin Dips Below $109,000 This Morning

On May 28th, based on HTX market data, Bitcoin briefly dropped below $109,000 this morning. It is currently trading at $109,045, with a 24-hour decrease of 0.32%.

Bitcoin 2025 Conference Officially Opens, Trump's Son and David Sacks Participate in Day One Keynotes

On May 28th, the Bitcoin 2025 Conference has now officially commenced. The keynote speakers on the first day comprise: Donald Trump Jr., the White House Crypto Czar David Sacks, U.S. Senator Cynthia Lummis, and Robert Mitchnick, the Head of Digital Assets at BlackRock. The list of keynote speakers at the Bitcoin 2025 Conference further includes: · U.S. Vice President JD Vance · The founder of Silk Road, Ross Ulbricht · The founder of MicroStrategy, Michael Saylor · Eric Trump, the son of Donald Trump

Block launches live Bitcoin real-time payment pilot at Bitcoin 2025 Conference site

On May 28th. According to CNBC, Square, which is a subsidiary of Block, initiated a Bitcoin real-time payment pilot at the Bitcoin 2025 conference held in Las Vegas. The participants were capable of purchasing goods by using the Lightning Network. This functionality is based on the "Bitcoin Auto-Convert" system upgrade and is anticipated to be fully accessible to eligible merchants by 2026. Outside the venue of the Bitcoin 2025 conference, a pop-up store was established. The attendees were able to instantly buy T-shirts, hoodies, and other merchandise using Bitcoin by scanning a QR code. The transaction speed of the Lightning Network payment system is significantly faster than that of traditional blockchain settlement methods. Square's "Bitcoin Auto-Convert" feature, which was launched last year, has already been adopted by more than 1000 merchants.

Bitcoin Rebounds Above $110,000, 24-hour Loss Narrows to 0.22%

On May 27th, based on HTX market data, Bitcoin rebounded and exceeded $110,000. The 24-hour decrease was narrowed to 0.22%.

Bitcoin.com Launches SATOSHI GAME, Creating the World's First Bitcoin Knowledge Reality Show

On May 27th, according to official channels, the Satoshi Game organized by Bitcoin.com and co-hosted by BlockBeats has officially kicked off. The final will take place on May 30th, Pacific Time, and will be broadcast live globally. This event is open for global user registration, and ultimately, 11 contestants will be selected to compete for the sole championship. The final will be simultaneously streamed on X, YouTube, and Binance Live. Unlike traditional guessing games or entertainment content, the SATOSHI GAME was created by American computer science scholars, cryptology researchers, and early Bitcoin miners. The questions cover key themes such as Bitcoin technology, historical development, and the future of the ecosystem. This event has attracted the attention of the American academic and policy circles and is regarded as a collective retrospective to rekindle mainstream society's appreciation of the intrinsic value of Bitcoin. The official references designated for the event are

Bitcoin Falls Below $109,000, 24-hour Decrease of 0.55%

On May 27th, based on HTX market data, Bitcoin dropped below $109,000, experiencing a 24-hour decline of 0.55%.

Cantor Fitzgerald Launches $2 Billion Bitcoin-Backed Loan Program

On May 27th, as reported by Bloomberg, Cantor Fitzgerald has initiated its Bitcoin-backed loan program with an amount of $2 billion. The initial trades involve cryptocurrency firms FalconX Ltd. and Maple Finance. This program is designed to offer loans to customers by using Bitcoin as collateral.

DJT CEO: Bitcoin is the "crown jewel" of assets, the ultimate tool for financial freedom

On May 27th, Devin Nunes, the CEO and Chairman of Trump Media & Technology Group (DJT), stated, "We regard Bitcoin as the ultimate instrument for financial freedom. Trump Media will now make cryptocurrency an essential part of our assets, signifying our first acquisition at the 'crown jewel' level. This investment will assist our company in warding off harassment and discrimination from financial institutions that plague numerous Americans and American companies. It will also generate synergies for Truth Social and Truth+ subscription payments, utility tokens, and other planned transactions. This is a substantial step for the company in its transformation plan to acquire more profit-generating 'crown jewel' level assets that are in line with American principles."

TrumpTech Group's Bitcoin Treasury $2.5 Billion Private Placement Funded by Approximately 50 Institutions

On May 27th, the Donald Trump Media Technology Group (DJT) made an announcement. It stated that it has reached subscription agreements with approximately 50 institutional investors, with a total of about $25 billion in private placement financing. This financing consists of around $15 billion in common stock and $10 billion in 0% interest convertible senior secured notes. The funds raised will be employed to establish a Bitcoin treasury. The company will rely on Crypto.com and Anchorage Digital for the custody of the Bitcoin treasury. It is expected that the financing will be completed around May 29, 2025.

Bitcoin Breaks $110,000

On May 27th, based on HTX market data, Bitcoin exceeded $110,000, and the 24-hour percentage change was 0.66%.

Trump Media & Technology Group Announces Launch of Approximately $2.5 Billion Bitcoin Treasury Plan

On May 27th, according to Bloomberg, the Trump Media & Technology Group declared that it is going to launch a plan of approximately $2.5 billion in Bitcoin treasury reserves. It will integrate BTC into its asset reserves to ensure financial stability and achieve long-term value storage.

Asset management firm Strive has completed a $750 million private equity financing round and will deploy the "Bitcoin Alpha Yield" strategy.

On May 27th, the asset management company Strive announced today that it has successfully completed a $750 million private equity financing. The focus of this financing is on deploying the "Excess Bitcoin Return" strategic portfolio. The funds will be allocated for the acquisition of biotech companies, distressed Bitcoin debt claims (such as those related to Mt. Gox reimbursement), and discounted structured Bitcoin credit products.

Whale James Wynn Increases His Bitcoin Long Position Once Again, Liquidation Price $108,020

On May 27th, based on on-chain data, whale James Wynn increased his Bitcoin long position once again 40 minutes ago. Currently, the total position value has reached $621,842,994.52. The entry price is $109,889. The liquidation price is $108,020. The unrealized loss is $1.97 million.

QCP: The crypto market is expected to continue ranging in the short term, with the Bitcoin conference being particularly important

May 27th. QCP issued its daily market observation, stating that in response to last Friday's macroeconomic developments, Bitcoin showed relatively restrained behavior even though the stock market had a significant rally. The institutional demand for spot ETFs remained stable, providing underlying support to the market. However, the front-end implied volatility remained firm, and the Bitcoin price traded sideways within a narrow range between $107,000 and $110,000. The recent continuous high volatility indicates that traders are positioning themselves in anticipation of headline risks ahead of the Bitcoin conference in Las Vegas from May 27th to 29th. Market attention has started to focus on the lineup of speakers at the conference, including JD Vance, Michael Saylor, Trump Jr., and Eric Trump. The Bitcoin conference held in Nashville last July serves as a useful reference. At that time, President Trump's keynote speech led to a one-day implied volatility surge to over 90, followed by

Analysis: 99% of Bitcoin UTXOs are in a state of profit, indicating that the market is either in or approaching a state of mania

On May 27th, CryptoQuant declared that 99% of Bitcoin UTXOs were in a profit state, suggesting a potential market mania. Analyst Darkfost_Coc remarked, "When this 99% signal declines, unrealized profits will contract, potentially giving rise to more profit-taking and compelling latecomers to give up and sell at a loss."

In the past 4 hours, Ethereum saw $13.60 million in liquidations, while Bitcoin saw $7.43 million in liquidations.

On May 27th, according to Coinglass data, within the past 4 hours, Ethereum witnessed a cumulative liquidation of $13.60 million, and Bitcoin had $7.43 million in liquidations. The overall liquidations across the entire network reached $31.53 million, with long liquidations amounting to $5.68 million and short liquidations totaling $25.85 million.

If Bitcoin surpasses $110,000, the mainstream CEX cumulative short liquidation intensity will reach 637 million.

On May 27th, based on Coinglass data, in case Bitcoin breaks through $110,000, the cumulative short liquidation intensity of mainstream CEXs will reach 637 million. Conversely, if Bitcoin drops below $108,000, the cumulative long liquidation intensity of mainstream CEXs will reach 360 million. BlockBeats Notes: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts to be 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 to what extent the underlying price will be influenced when it reaches a certain level. A higher "liquidation bar" indicates that the price will have a more distinct reaction due to a liquidity avalanche when it reaches that point.

Analyst: Bitcoin HODLers Accumulate More BTC During Market Pullback

On May 27th, according to a report by Cointelegraph, the CryptoQuant analyst Amr Taha stated, "Short-term over-leveraged traders have been thoroughly shaken out. Meanwhile, long-term holders have quietly seized the opportunity presented by the market reset. As short-term traders faced additional margin calls and liquidation, Long-Term Holders (LTH) took a completely different approach. They ramped up their efforts in accumulating Bitcoin. Long-term investors are taking advantage of this selling wave to increase their positions and accumulate more Bitcoin for the long term."

Analyst: Bitcoin May Experience Pullback, Testing $100,000 Support Level

On May 27th, Coindesk analyst Omkar Godbole declared that the 30-day Rate of Change (ROC) technical indicator, which is employed to measure Bitcoin's price performance within the past month, has presented a "bearish divergence" signal, signifying a waning momentum. Furthermore, the MACD histogram on the daily chart (a commonly utilized indicator for gauging trend strength and alterations) has turned negative, indicating a shift towards a bearish momentum. These signals imply that Bitcoin may descend below its present uptrend channel or test the crucial support level at $100,000. Nonetheless, the overall trend remains favorable, in alignment with the recent "Golden Cross" formation of the 50-day and 200-day Simple Moving Averages (SMA).

Bitcoin 2025 Conference Announces Tomorrow's Speaker Lineup: Including Donald Trump Jr, David Sacks, and More

On May 27th, the speakers who are scheduled to present at the Bitcoin 2025 Conference in Las Vegas tomorrow are as follows: · Donald Trump Jr., the son of former President Donald Trump. · Senator Jim Justice. · Senator Cynthia Lummis. · Senator Marsha Blackburn. · Robert Mitchnick, the head of BlackRock Digital Assets. · David Sacks, the White House Cryptocurrency and AI Czar.

The Blockchain Group has completed a $72 million convertible bond issuance for increasing its Bitcoin holdings.

On May 27th, according to The Block, The Blockchain Group declared on Monday that the company has successfully completed a total issuance of 63.3 million euros (approximately 72 million US dollars) in convertible bonds in order to further purchase Bitcoin. In the announcement, the company also stated that it intends to purchase about 590 more Bitcoins, raising its total holdings to more than 1,400. As early as March of this year, The Blockchain Group announced an additional purchase of 580 Bitcoins, which marked its largest purchase since adopting a Bitcoin accumulation strategy.

If Bitcoin falls below $106,000, the mainstream CEX long liquidation pressure will reach $434 million

On May 27th, based on Coinglass data, if Bitcoin drops below $106,000, the cumulative strength of long liquidation on mainstream CEXs will reach 434 million. Conversely, if Bitcoin surpasses $110,000, the cumulative strength of short liquidation on mainstream CEXs will reach 361 million. BlockBeats Notice: The liquidation chart does not display the exact number of contracts to be liquidated or the exact 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, the strength. Therefore, the liquidation chart shows to what degree the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price, once reached, will experience a more intense reaction due to a liquidity cascade.

Bitcoin Temporarily Drops Below $108,000

On May 27th, based on HTX market data, Bitcoin briefly dipped below $108,000 and is currently trading at $108,017, with a 24-hour decrease of 1.55%.

Whale James Wynn's Bitcoin Long Position Faces $11.29M Unrealized Loss, Nearing Liquidation

On May 27th, based on the monitoring of @ai_9684xtpa, the long position of Bitcoin held by whale James Wynn is currently at an unrealized loss of $11.29 million. There is only $552 remaining before the position is liquidated.

Trump's Son to Speak at Bitcoin 2025 Conference Tomorrow

On May 27th, as per Bitcoin Magazine, the speakers at the Bitcoin 2025 conference in Las Vegas tomorrow will comprise: Donald Trump Jr., US Senator Cynthia Lummis, BlackRock's Head of Digital Assets Robert Mitchnick, the White House Crypto Czar David Sacks, and others. The Bitcoin 2025 conference will take place from May 27th to 29th at the Venetian Conference Center in Las Vegas, USA.

Bitcoin Drops Below $109,000

On May 27th, according to HTX market data, Bitcoin has fallen below $109,000 and is currently trading at $108,913, with a 24-hour decline of 0.67%.

Bitfinex Report: Bitcoin Enters Healthy Consolidation Phase, Short-Term Holders Take Profits or Trigger Sell Pressure

On May 27th, Bitfinex Alpha released a report indicating that following its all-time high in January, Bitcoin witnessed a 32% decline. However, it then saw a robust rebound of over 50%, reaching a new high of $111,880. Currently, it has entered a healthy consolidation phase. Strong ETF inflows, a surge in spot market participation, and positive growth in "realized net capital" have driven structural buying pressure in the market rather than excessive speculation. Despite a slight decrease in macro risk appetite, such as the possibility of the US imposing a 50% tariff on European imports, Bitcoin has remained resilient - no significant drop has occurred during the process of deleveraging and taking profits. This resilience is attracting market attention to Bitcoin evolving into a "macro-sensitive, belief-driven asset," where its trading behavior is now more closely correlated with global liquidity trends rather than retail sentiment. It is worth noting that the Japanese company Metapla

The Texas House and Senate have established a conference committee to reconcile differences in their respective Bitcoin reserve bills.

On May 27th, as per Bitcoin Laws, the most recent update regarding the Texas Bitcoin Reserve is that the Texas Senate has not yet adopted the House amendment to Senate Bill 21. Presently, a conference committee has been formed, comprising members from both the House and the Senate, with the aim of reconciling the differences between the two parties.

Whale James Wynn's Bitcoin long position's unrealized loss has expanded to $7.5 million, while PEPE's long position's unrealized loss is $280,000.

On May 27th, based on on-chain data, whale James Wynn's 40x Bitcoin long position with an unrealized loss has reached $7.5 million. The specific details are as follows: Position Value: $788,441,959.48 Entry Price: $110,084.9 Liquidation Price: $107,580 A 10x PEPE long position has an unrealized loss of $280,000. The specific details are as follows: Position Value: $10,751,007.14 Entry Price: $0.01408 Liquidation Price: N/A

Whale James Wynn's Bitcoin Long Position Faces Unrealized Loss of Over $5.8 Million

Update on May 27: With Bitcoin's decline, whale James Wynn's long position in Bitcoin is now facing a loss of more than $5.8 million. The current position details are as follows: Position Value: $729,979,245 Entry Price: $110,112.9 Liquidation Price: $107,520

Bitcoin has experienced a sudden 1% drop in the last 15 minutes, currently trading at $109,370.

On May 27th, according to HTX market data, Bitcoin saw a 1% drop in the past 15 minutes and is currently trading at $109,370.