Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin Bounces Back above $109,000, 24-hour Loss Narrows to 1.6%

On May 23rd, according to HTX market data, Bitcoin experienced a rebound and surpassed $109,000. It is currently trading at $109,456, with a 24-hour decline of 1.6%.

Cryptocurrency Lending Platform Ledn to End Ethereum Support in Favor of Bitcoin Collateralized Loans

May 23rd. As reported by TheBlock, the cryptocurrency lending platform Ledn announced that it is going to cease providing Ethereum support and interest-bearing services and will fully transition to a Bitcoin-backed lending model. Commencing from July 1st, the platform will only offer the "Bitcoin Custodian Lending" service, with client collateral being fully safeguarded by Ledn or its partner institutions. Ledn had launched Ethereum collateralized lending services in February 2024, and this adjustment implies that the "Interest Accounts" for both BTC and ETH will be closed concurrently.

U.S. Publicly Traded Company Semler Scientific Acquires an Additional 455 Bitcoins

On May 23rd, the US-listed company Semler Scientific announced that the company had spent $50 million to purchase 455 bitcoins from May 13th to May 22nd. The average purchase price per bitcoin was $109,801, and the total holdings of the company reached 4,264 bitcoins.

Bitcoin Drops Below $108,000

On May 23rd, based on HTX market data, Bitcoin fell below $108,000, and the 24-hour decline expanded to 2.5%.

Bitcoin Falls Below $109,000, 24-hour Loss Extends to 1.79%

On May 23rd, according to HTX market data, Bitcoin fell below $109,000 and is now trading at $108,938, with a 24-hour loss of 1.79%.

Bitcoin Drops Below $110,000

On May 23rd, based on HTX market data, Bitcoin fell below $110,000 and is currently trading at $109,750, indicating a 0.88% decrease in the past 24 hours.

Opinion: Texas Governor Will Sign Strategic Bitcoin Reserve Bill

On May 23rd (Saturday), Dennis Porter, a co-founder of the Satoshi Action Fund, posted on X, indicating that Texas Governor Greg Abbott had shared an article titled "Texas Advances Strategic Bitcoin Reserve: State Finances Enter New Era" on X. The article extolled the Strategic Bitcoin Reserve (SBR) and referred to the governor as a "staunch supporter of cryptocurrency." It is expected that Greg Abbott will sign the SBR into law. Earlier reports revealed that in the United States, the state of Texas passed the Strategic Bitcoin Reserve Bill SB 21 through the third reading with 101 votes in favor and 42 against, and it is now awaiting the governor's signature in the governor's office.

A man in the United States has been sentenced to 6 years in prison for involvement in Bitcoin money laundering and fined $1.5 million.

Bitcoin Spot ETF saw a total net inflow of $934.8 million yesterday, marking its 7th consecutive day of net inflows.

On May 23rd, according to data from Farside Investors, the total net inflows of Bitcoin spot ETF yesterday were $9.348 billion, marking the 7th consecutive day of net inflows.

QCP: Bitcoin's current rally has seen relatively little speculation, with a strengthened market structure-oriented bullish sentiment

On May 23rd, QCP released its daily market observation. It stated that Bitcoin reached a new high during the Asian trading session and surpassed $111,500. Currently, Bitcoin has entered a price discovery phase. Its trend is in sharp contrast to gold, which stalled around $3,300 per ounce and failed to break its previous high. Although short-term volatility may occur, the short-end implied volatility remains stable at a high level below 50%. Despite the high volatility, in the current context of tight liquidity and low open interest, this is reasonable. This round of increase is more structurally based than the previous one, with less speculative sentiment and stronger fundamental support. After Bitcoin initially touched its all-time high and experienced a slight pullback, some put option profit-taking took place. However, the market quickly regained its upward momentum. The most notable was the purchase of as many as 1,000 contracts of $130,000 call options expiring in September. This

Modular Home Manufacturer BOXABL Announces Adoption of Bitcoin as Reserve Asset

On May 23rd, according to official information, modular housing manufacturer BOXABL has officially implemented a Bitcoin treasury reserve strategy. It has converted a certain part of its assets to hold Bitcoin in order to hedge against inflation and the risk of USD depreciation. This action is intended to achieve asset diversification, following in the footsteps of leading companies in the industry such as Tesla, Coinbase, and MicroStrategy. Boxabl also accepts cryptocurrency payments for its foldable housing products.

Whale Whisperer James Wynn: If Bitcoin Tops Out Around $118k-$122k, Market Will Enter Cooling-off Phase of Sideways Trading

On May 23rd. Whale James Wynn announced this morning via social media that he has decreased his Bitcoin long position and taken some profits within the range of approximately $110,000 to $111,000. This price level seems to be a favorable profit-taking point, and it appears that others are also taking similar actions. In his opinion, Bitcoin is keen to break out to the upside. The target remains the same - to reach $115,000 to $118,000 by the end of next week, and it might even be achieved in a few hours (which was already reached this morning). He holds the belief that once Bitcoin reaches a peak around $118,000 to $122,000, there will be a temporary cooling-off period and consolidation, with the real excitement to come thereafter.

Total Bitcoin Open Interest Across All Exchanges Surpasses $80 Billion, Reaching an All-Time High

On May 23rd, according to Coinglass data, the total open interest of Bitcoin futures contracts across all exchanges reached 724,350 BTC (approximately $80.64 billion), reaching a new record high. Among them, the open interest of Bitcoin futures on CME was 164,060 BTC (approximately $18.26 billion), ranking first. The open interest of Bitcoin futures on Binance was 121,870 BTC (approximately $13.57 billion), ranking second.

The U.S. publicly traded company Purple Nine Energy plans to acquire 1000 bitcoins in the next year

On May 22nd, as per PR Newswire, the US-listed company Nine Purple Energy announced that its board of directors has officially given the green light to a significant strategic move: it plans to acquire 1000 Bitcoins within the next year by adopting a dual-track parallel approach that combines the issuance of stocks and the cash purchase.

H100 Group has purchased 4.39 Bitcoins, becoming Sweden's first public company to establish a Bitcoin reserve.

On May 22nd, according to Bitcoin Magazine, the H100 Group announced that it had purchased 4.39 bitcoins, thereby becoming the first publicly listed company in Sweden to hold bitcoin reserves.

Genius Group Announces Acquisition of 24.5 Bitcoins

On May 22nd, according to official information, the AI company Genius Group announced that it has expanded its Bitcoin treasury by 40% through a new acquisition of 24.5 BTC. Currently, the company holds a combined total of 85.5 BTC, and the total purchase amount is $8.5 million. The average purchase price per BTC is $99,700.

Bitcoin mining company MARA allocates 500 BTC of its revenue to Two Prime's yield strategy.

On May 22nd, as reported by The Block, the Bitcoin mining firm MARA Holdings announced an expanded partnership with the SEC-registered Bitcoin investment advisor Two Prime. It allocated 500 BTC from its reserve of 48,137 BTC to Two Prime's managed yield strategy. MARA intends to further increase its Bitcoin holdings through a $2 billion stock offering. Two Prime, with $25 billion in capital, generates returns for institutional investors through customized Bitcoin derivative strategies.

Bitcoin-Valued Securities Trading Platform Roxom Global Completes $17.9M Financing, with Participation from Borderless Capital

On May 22nd, as per CoinDesk, Roxom Global is in the process of establishing a Bitcoin-denominated securities trading platform along with a 24/7 operational setup and a Bitcoin-focused content media network. Roxom has secured $7.9 million in investments for its trading platform project from entities like Draper Associates, Borderless Capital, ego death, and Kingsway Capital. Additionally, it has obtained $10 million for RoxomTV through a private funding round. The platform is constructing a Bitcoin-denominated trading venue that encompasses futures, spot markets, and synthetic instruments, with all products being priced and settled in Bitcoin.

Bitcoin Surges Above $111,000

On May 22nd, based on HTX market data, Bitcoin has experienced a rebound and exceeded $111,000. It is currently trading at $111,022, with a 24-hour change of 4.19%.

Nakamoto Holdings, KindlyMD, and Anchorage Digital Reach Bitcoin Strategic Partnership

On May 22nd, as per official channels, Nakamoto Holdings, KindlyMD (traded on Nasdaq: KDLY), and Anchorage Digital have declared a strategic partnership aimed at facilitating corporate Bitcoin adoption. Under the terms of the agreement, Anchorage Digital, which holds the sole federally chartered digital asset bank in the United States, will offer Bitcoin custody and trading services to KindlyMD to assist its Bitcoin treasury operations subsequent to its merger with Nakamoto.

James Wynn's 40x Bitcoin Long Position Shrinks to $573 Million

On May 22nd, as per the monitoring of ai_9684xtpa, whale James Wynn significantly cut his 40x Bitcoin long position that was opened on Hyperliquid. The long position has now been reduced to $573 million, which is nearly half of the peak. The current position details are as follows: Position Size: 5188.4 BTC Entry Price: $108,065.5 Liquidation Price: $95,754 Current Unrealized PNL: $13.04 million

Brazilian publicly traded company Méliuz plans to continue hodling $26.5 million worth of Bitcoin

On May 22nd, as per Cryptonews, the Brazilian publicly traded company Méliuz plans to repurchase Bitcoin worth $26.5 million. Méliuz declared that it aims to raise at least 1.5 billion Brazilian reals (approximately $26.5 million) by issuing shares or convertible bonds and is collaborating with the investment bank BTG Pactual to advance the financing plan. The Brazilian publicly traded company Méliuz has already acquired Bitcoin worth $28.4 million and has become the first publicly traded company in Brazil to incorporate Bitcoin into its balance sheet. The company's Bitcoin asset allocation strategy has gained overwhelming shareholder support, with an extremely large majority in favor.

Bitcoin Pizza Day Protagonist Once 'Earned Thousands of Bitcoins in a Day,' Spent Nearly 10,000 BTC on Pizza in 2010

On May 22nd, according to a report in Forbes, Laszlo Hanyecz, the programmer who is famous for spending 10,000 bitcoins on two Papa John's pizzas in 2010, was even more "prodigal" with his bitcoins than the public had imagined. It is possible that Hanyecz spent an additional 79,000 bitcoins on later pizza purchases, which would be worth more than 8.7 billion US dollars at the current exchange rates. In an interview in 2019, Hanyecz stated that he had spent a total of nearly 100,000 bitcoins on pizza in 2010 and that he didn't pay much attention to these transactions at that time. Hanyecz pointed out that at that time, users on the Bitcointalk forum would often give hundreds or thousands of bitcoins to newcomers. To prove his claims, Hanyecz provided the Bitcoin address listed in his first post on Bitcointalk as evidence. The wallet records show that from the creation of the wallet on April 10, 2010, until the pizza transaction was completed on August 4, Laszlo sent out more tha

James Wynn continues to deleverage his 40x Bitcoin long position, bringing his position size below $1 billion

On May 22nd, as monitored by ai_9684xtpa, whale James Wynn continues to close his 40x leveraged long position of Bitcoin opened on Hyperliquid. Currently, the position size has dropped below $1 billion. Position Size: 8983.14 BTC, approximately $998 million. Entry Price: $108,065.5. Liquidation Price: $102,630. Current Unrealized PnL: $27.53 million. In the past week, James Wynn's total profit on Hyperliquid has reached as high as $41.17 million.

The Bitcoin network is experiencing high GAS fees, with a single transaction costing up to 1 BTC.

Update: On May 22nd, based on mempool data, 6 minutes ago, a single transaction on the Bitcoin network had a gas fee as high as 1 BTC and was included in the latest block 897818.

CZ: Regrets for Those Who Sold Bitcoin at $77,000

On May 22nd, Binance founder CZ posted, "I feel sorry for those who sold Bitcoin at $77,000. Remember to look at the yearly chart occasionally instead of the 1-minute chart from time to time."

Michigan Introduces Four Crypto-Related Bills to Support Bitcoin Investment and Mining

On May 22nd, as per Decrypt, the Michigan State Legislature has put forward four cryptocurrency-related bills. HB 4510 would enable the state treasury to make investments in Bitcoin via regulated exchanges for the pension fund; HB 4511 would forbid state government support for Central Bank Digital Currency (CBDC); HB 4512 and HB 4513 are two complementary bills that center around Bitcoin mining, permitting private companies to mine Bitcoin at abandoned oil wells and offering tax incentives to such businesses.

eToro Analyst: "Altseason" to Await Bitcoin Dominance of 70%, with Simultaneous Fed Quantitative Easing

On May 22nd, the eToro Australia analyst Reece Hobson pointed out that the surge of Bitcoin to a record high of $110,000 was driven by multiple factors. Institutional inflows, especially through the U.S. Bitcoin Spot ETF, have injected billions of dollars into the market. The macro environment also had an impact, including increased liquidity, a weakening U.S. dollar, and renewed geopolitical uncertainties. Hobson further said, "When two key events happen simultaneously, the altcoin season will begin. Firstly, quantitative easing must be started to inject more liquidity into the system, and Bitcoin dominance (BTC.D) also needs to reach around 70% (currently at 64%)."

Whale James Wynn's Bitcoin Long Position Reaches $40 Million in Unrealized Gains

On May 22nd, based on on-chain data, with the Bitcoin price once again breaking through $111,000 and hitting a new all-time high, whale James Wynn's 40x leveraged long position in Bitcoin on Hyperliquid has seen its value increase to $1.14 billion. The current data is as follows: Position Value: $1.14 billion Entry Price: $108,065 Liquidation Price: $103,770 Unrealized PnL: $40 million

Bitcoin Spot ETF saw a total net inflow of $609 million yesterday, marking the 6th consecutive day of net inflows.

On May 22nd, according to SoSoValue data, yesterday (May 21st in Eastern Time), the total net inflow of Bitcoin spot ETF was $6.09 billion. Among the Bitcoin spot ETFs, the one with the highest single-day net inflow yesterday was the Blackrock ETF IBIT, with a single-day net inflow of $5.31 billion. Currently, IBIT has a total historical net inflow of $46.677 billion. Next came the Fidelity ETF FBTC, with a single-day net inflow of $23.527 million. And the total historical net inflow of FBTC has reached $11.83 billion. As of the time of writing, the net asset value of the Bitcoin spot ETF is $129.015 billion, and the ETF net asset ratio (market value as a percentage of the total Bitcoin market value) is 6%. The historical cumulative net inflow has reached $43.38 billion.

Bitcoin Surges Above $111,000, Hits New All-Time High

On May 22nd, according to HTX market data, Bitcoin surged to above $111,000 and is currently trading at $111,223, hitting another all-time high.

Whale James Wynn's 40x Bitcoin Long Position Now Has Unrealized Gains of Over $25 Million

On May 22nd, according to on-chain data, with the Bitcoin price reaching another all-time high, whale James Wynn's 40x Bitcoin long position opened on Hyperliquid has reached a value of $1.127 billion. The current data is as follows: Position Value: $1.127 billion Entry Price: $108,065 Liquidation Price: $103,800 Unrealized P&L: $25.39 million

If Bitcoin surpasses $112,000, the mainstream CEX cumulative short liquidation intensity will reach $1.371 billion

On May 22nd, based on Coinglass data, if Bitcoin surges above $112,000, the cumulative short liquidation intensity on mainstream CEXs will reach $1.371 billion. Conversely, if Bitcoin drops to $107,689, the cumulative long liquidation intensity on mainstream CEXs will reach $1.664 billion. BlockBeats Note: The liquidation chart does not accurately depict the number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, intensity. Therefore, the liquidation chart shows how much the price of the underlying asset will be impacted when it reaches a certain level. A higher "liquidation bar" indicates that when the price reaches that level, it will have a more intense reaction due to a liquidity avalanche.

Bitcoin Hits New ATH of $110,916, Enters Price Discovery Phase

On May 22nd, according to HTX market data, Bitcoin's rally reached $110,916 and once more hit a new record high, entering a phase of price discovery.

Analysis: This round of the Bitcoin bull market is more driven by institutions and long-term capital rather than retail speculation

On May 22nd, Presto Research analyst Min Jung pointed out that this increase was primarily driven by the funding accumulation of companies like Strategy, Metaplanet, and Twenty One Capital. This indicates that this bull market is more influenced by institutions and long-term capital rather than retail speculation. Roshan Robert, the CEO of OKX US, believes that the Bitcoin rally is the outcome of multiple factors such as corporate treasury strategies, a sharp increase in ETF inflows, macroeconomic uncertainties, and favorable regulatory signals. Presto Research has maintained its $210,000 Bitcoin price target for 2025, as announced at the end of 2024. (The Block)

Opinion: Bitcoin Poised to Surge to $120,000 Within Weeks

On May 22nd, Joe DiPasquale, the CEO of the cryptocurrency hedge fund BitBull Capital, stated that Bitcoin is anticipated to test the $120,000 price level within the upcoming weeks. DiPasquale pointed out that $112,000 is the next crucial psychological resistance level. If the present momentum persists and is accompanied by the ongoing inflows from Exchange-Traded Fund (ETF) activities and a supportive macro environment, Bitcoin is likely to reach $120,000 in the next few weeks. (Forbes)

Michael Saylor Celebrates Bitcoin All-Time High: "No One Has Ever Lost Money by Buying Bitcoin"

On May 22nd, Michael Saylor, the founder and CEO of Strategy, posted, saying, "No one has ever lost money by purchasing Bitcoin." In a previous piece of news, the Bitcoin holdings of Strategy currently have unrealized gains of more than $23 billion.

A whale entered the market 1 hour ago by depositing 14 million USDC and longing Bitcoin with 40x leverage.

On May 22nd, as monitored by LookOnChain, Whale 0x0C86 deposited 14 million USDC into Hyperliquid within the past hour. It then went long on BTC at a price of $110,130.5 with a leverage of 40x. The whale's position reached 900 BTC (valued at $99.67 million), and the liquidation price was $95,925.

El Salvador Bitcoin Holdings Reach $678 Million, with an Unrealized Gain of approximately $386 Million

On May 22nd, Salvadoran President Nayib Bukele released a screenshot indicating that the current value of El Salvador's national Bitcoin holdings amounts to $678 million. There is a cumulative unrealized gain of approximately $386 million, representing a 132.35% increase. The total cumulative investment since its inception is approximately $292 million. President Bukele responded to criticism by stating, "They tell me not to take screenshots but to take profits."

Strategy Bitcoin Holdings Currently Show Unrealized Gains of Over $23 Billion

As of May 18, 2025 (as of May 22), Strategy holds 576,230 bitcoins. The total purchase price is approximately 40.18 billion US dollars, with an average price of approximately 69,726 US dollars per bitcoin. According to HTX market data, BTC is currently trading at 109,710 US dollars. Based on this, the unrealized gains of Strategy's bitcoin position is approximately 23.039 billion US dollars.

Metaplanet Bitcoin Holdings have realized gains of $121 million.

As of May 22nd and by the 19th, the publicly traded Japanese company Metaplanet holds a total of 7,800 bitcoins. The historical average purchase price per BTC is 13.51 million yen (approximately 94.1657 million USD). Given the current bitcoin price of 109,000 USD, Metaplanet's bitcoin holdings have realized a gain of 121 million USD.

James Wynn continues to add to his Bitcoin long position, while the high win-rate short whale on Hyperliquid has been liquidated multiple times

On May 22nd, as per Ashes Monitor, James Wynn has now raised his BTC long position to 10,200 coins, with a value of $1.12 billion. There are unrealized gains of $18.16 million. The entry price is $108,065, and the liquidation price is $103,757. Meanwhile, the Hyperliquid high win rate whale, after each short position is reduced through liquidation, continues to add margin to Hyperliquid to take short positions again. Currently, it has suffered a loss of $5.56 million. After being liquidated and reduced several times, the current situation of its short position is as follows: It has a 40x short position of 449 BTC, worth $49.38 million. The entry price is $107,823, and the liquidation price is $111,639.

Today is the 14th anniversary of "Bitcoin Pizza Day," when an individual bought pizza using Bitcoin, which is now worth nearly $1.1 billion.

May 22nd. Today marks the 14th anniversary of "Bitcoin Pizza Day." This morning, Bitcoin exceeded $110,000 and hit a new all-time high. "Bitcoin Pizza Day" commemorates the first commercial transaction using Bitcoin. On May 22nd, 2010, programmer Laszlo Hanyecz from Florida bought two Papa John's pizzas with 10,000 bitcoins, which were worth about $40 at that time. Fourteen years later, the value of these bitcoins has soared to nearly $1.1 billion.

Bitcoin Surpasses Amazon to Become the World's Fifth-Largest Asset by Market Cap

On May 22nd, based on 8marketcap data, Bitcoin has exceeded Amazon and become the world's fifth-largest asset in terms of market capitalization.

Bitcoin Short-Term Price Breaks $110,000, Sets New All-Time High

On May 22nd, according to HTX market data, Bitcoin briefly exceeded $110,000 and reached a high of $110,741 before pulling back. It is now trading at $109,535.

Whale James Wynn's Bitcoin Long Position Surpasses $1.1 Billion in Value, with $5 Million Unrealized Gain

On May 22nd, according to on-chain data, with the rebound of the Bitcoin price, whale James Wynn's Bitcoin long position has reached a value of more than $1.1 billion. Currently, it has a floating profit of $5 million after previously experiencing a floating loss of more than $17 million. The current entry price is $108,065.5, and the liquidation price is $103,790.

Bitcoin Surges Above $108,000

On May 22nd, according to HTX market data, Bitcoin rebounded and went above $108,000, showing a 24-hour increase of 1.37%.

Bitcoin Surges Beyond $107,000

On May 22nd, according to HTX market data, Bitcoin experienced a rebound and surpassed $107,000, with a 24-hour increase of 1.66%.

Texas has transferred the Bitcoin Strategic Reserve Bill to the Governor's Office for signature, awaiting enactment.

On May 22nd, in accordance with Bitcoin Laws, the state of Texas in the United States has passed the Strategic Bitcoin Reserve Bill SB 21. During the third reading, the bill received 101 votes in favor and 42 votes against. It has now been sent to the Governor's office for signature.

Bitcoin Whale James Wynn's $1 Billion Long Position Liquidated as Bitcoin Price Dips, Currently Facing a Floating Loss of Approximately $10 Million

On May 22nd, based on on-chain data, with Bitcoin experiencing a rapid retreat, it has now dropped below the $1 billion long position (with 40x leverage) opened by whale James Wynn on Hyperliquid. The current data shows: Position Value: $1.07 billion Entry Price: $108,084 Liquidation Price: $103,850 The current unrealized loss is approximately $10 million.