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BTC’s value soared by $5K in a matter of hours, SHIB was predicted to launch a bull run, while PEPE hit a new ATH.
QCP Capital expects the bitcoin price to return to $74,000 after the latest CPI print saw risk assets surge.
BTC price action has its doubters after swiftly jumping to new May highs, but some see Bitcoin continuing upward momentum into price discovery.
The Chicago Mercantile Exchange (CME) Group is considering launching bitcoin spot trading, according to a report.Discussions have been ongoing with traders, though the plan for spot trading rollout has not been finalized.
Spot Bitcoin exchange-traded fund inflows have surged to a two-week high as the underlying asset pumped 7% on key US inflation data.
The U.S. state of Wisconsin has recently revealed that it invested in a Bitcoin exchange-traded fund leading to speculation that other states could follow.
- 03:45An address starting with 0x917 deposited 53,063 ETH into CEX 6 hours agoPANews reported on May 17th that according to The Data Nerd, the whale address 0x917 deposited 53,063 ETH into Coinbase six hours ago, worth approximately $156 million. Four months ago, this address accumulated these ETH at an average price of $2332. If sold at the current price, its realized profit would reach $32.26 million.
- 03:35Jupiter now allows users to unpledge a portion of their JUP tokensThe Solana ecosystem DEX, Jupiter, has made two governance mechanism optimizations based on user feedback. The first allows users to partially cancel their JUP staking and vote while retaining some of the stakes. In addition, to give users more time to understand the proposal content, a timer has been added to the voting page that requires waiting for a few minutes before voting after opening a proposal.
- 03:30BTC options with a nominal value of 1.2 billion USD and ETH options worth 930 million USD are about to expireData from Greeks.live shows that on May 17, options delivery data: 18,000 BTC options are about to expire, with a Put Call Ratio of 0.63, the biggest pain point is $63,000 and the nominal value is $1.2 billion. Also, 320k ETH options are about to expire with a Put Call Ratio of 0.28; the biggest pain point is $3k and the nominal value is $930 million. Greeks.live states that this week was influenced by US stock Meme trend which led to significant capital inflows into BTC ETFs causing BTC's price to surge past $65k. However, outside of Memes crypto market remained weak as trading volume continued to decline reflecting in diverging option data for BTC and ETH. Looking at block trades and market trade structures all major term IV ended its downward trend entering sideways movement with not much room left for further declines. The balance between longs and shorts in BTC remains relatively even while weakness in ETH prices has led to continuous weakening of market confidence resulting in selling calls becoming absolutely dominant.
