💰 Bitcoin Overview: May 10 - Whales' Hidden Accumulation and the Battle for Breakeven Zone

📈 Bitcoin has secured a position above $80,000, nearing the short-term holders' (STH) cost base at $81,300. Spot Bitcoin ETFs have recorded a net inflow for the sixth consecutive week. However, the external environment remains tense due to instability in the Middle East, which is dampening risk appetite in traditional markets.

📊 Over the past day, Bitcoin (BTC) continued its recovery after a correction to local lows, trading around $80,666 at the time of publication. Analysts note a steady increase in the average size of spot orders, indicating that whales are continuing to accumulate positions discreetly. The derivatives market remains overheated, with open interest holding at high levels amid predominantly negative funding rates, creating conditions for sharp cascade liquidations during impulsive breaks of key levels.

🌍 Investors are pricing in risks associated with international instability. Rumors surrounding the Project Freedom operation threaten the fragile ceasefire in the Middle East, causing the S&P 500 to retreat from historical highs. The cryptocurrency market is maintaining resilience largely due to institutional demand. Six weeks of continuous inflows into American spot ETFs are mitigating selling pressure and partially offsetting macroeconomic negativity.

🌐 Hyperbridge launches $50K bug bounty after bridge exploit

❗️ The program invites independent security researchers to review the protocol codebase and submit reports through the security platform. The HackenProof page lists the Hyperbridge Protocol program as live and active. It describes Hyperbridge as a system that lets blockchains communicate and transfer assets through consensus and state proofs, rather than older bridge models that rely on multisig committees.

⚠️ Hyperbridge said rewards start at $200 for low-severity reports and rise to $2,000–$5,000 for medium findings. High-severity bugs can earn $5,000–$15,000, while critical vulnerabilities can receive up to $50,000. The scope covers the full Hyperbridge protocol repository. The team said researchers can report logic flaws, access-control issues, reentrancy, cross-chain message spoofing, state manipulation and any flaw that could affect message or fund integrity.

☄️ The program follows an April exploit in which an attacker minted roughly 1 billion fake DOT-equivalent tokens on Ethereum through Hyperbridge’s cross-chain gateway. Cryptonews reported that the attacker gained admin control through a forged cross-chain message and extracted about $237,000 in ether.

🚨 Gemini Eyes CLARITY Act Senate Vote In Next 30 Days: What Are The Odds?

👉 Read more

🔔 Kevin Warsh sworn in as Fed chair with Bitcoin at $77,400

❗️ Kevin Warsh was sworn is as the 17th Federal Reserve chair at a White House ceremony on Friday, becoming the first Fed leader to take the oath at the executive mansion since Alan Greenspan in 1987. Supreme Court Justice Clarence Thomas administered the oath. Warsh, 56, succeeds Jerome Powell, who held the position since 2018 and will remain on the Fed board as a governor until 2028. The Senate had confirmed Warsh on May 13 in a narrow 54-45 vote, with Democratic Senator John Fetterman as the only crossover.

⚠️ “Our mandate at the Fed is to promote price stability and maximum employment,” Warsh said after being sworn in. “When we pursue those aims with wisdom and clarity, independence and resolve, inflation can be lower, growth stronger, real take-home pay higher.”

☄️ Warsh pledged to lead a “reform-oriented Federal Reserve” and vowed he would never predetermine interest rates at any elected official’s request. President Trump, who had repeatedly attacked Powell over rate policy, told attendees he wants Warsh to be “totally independent.”

🔔 CryptoQuant CEO says Bitcoin bear ends in early 2027

➡️ CryptoQuant CEO Ki Young Ju posted on X this week warning that Bitcoin’s current downturn mirrors the extended bear cycles of 2014, 2018, and 2022, and may not resolve until early 2027.
“Once profit-taking cascades, Bitcoin investors’ PnL typically falls for about 18 months,” Ju wrote. “Since the trend change started in October 2025, the bear market could last until early 2027. The trend only changes when unrealized profits rise and realized profits fall. We’re not there yet.”

📊 Ju’s analysis is grounded in CryptoQuant’s PnL Index Signal, a 365-day moving average that tracks investor profitability cycles. The indicator peaked in late 2025 in a pattern closely matching the tops recorded before the prolonged bear phases of 2014, 2018, and 2022. Each of those periods saw steep sustained declines once the signal rolled over from its peak.

‼️ Bitcoin was trading near $73,000 at the time of the post, down roughly 30% from its 2025 highs, amid rising macroeconomic pressure from elevated US Treasury yields and broader risk-off sentiment across markets. Bearish social commentary on Bitcoin hit its highest level in 2026 earlier in April as spot demand weakened.

🌐 Did SpaceX IPO fever trigger Bitcoin’s sharp drop this week?

⚠️ CryptoQuant data reviewed in the report showed no unusual withdrawals of USDC or Tether from exchanges during the selloff. The same data showed stablecoin movements stayed within the range seen since February. The debate started after Bitcoin price fell about 16% during the same period that SpaceX began marketing its planned public listing. Bitcoin briefly traded below $60,000 before moving back near $61,000, according to market data cited in the report.

🔗 Stablecoins usually offer the clearest public view of crypto traders moving into dollars. A trader who sells Bitcoin to prepare cash for a brokerage account may convert funds into USDC or Tether before redemption. CryptoQuant did not show a sharp break in that pattern. The report said the largest recent single-day stablecoin outflows came before the latest Bitcoin decline, with $2.5 billion in USDC on May 22 and $3.6 billion in Tether on May 20.

⚠️ At the same time, the report said Bitcoin and Ether saw large exchange withdrawals on Friday. CryptoQuant data showed 66,470 Bitcoin and about 2.49 million Ether left exchanges, among the largest single-day totals this year.

The world takes the field. ⚽️

The Believer.
The Contender.
The Champion.

Chase the glory. 🏆

https://www.coinex.com/ru/activity/trade-rank/84

#CoinExWorldCup #FIFAWorldCup #ALLINTHEGLORY

The World Cup is on. You are up. ⚽️
Join the Futures PNL Ranking and compete for a share of 15,000 USDT.

🏆Up to 2,000 USDT for the #1 trader
📈 Trade ≥1,000 USDT in Futures volume to qualify
🗓 Jun 15, 08:00 – Jul 2, 08:00 (UTC)

Who will top the leaderboard? 👉 https://www.coinex.com/ru/activity/trade-rank/84

#CoinEx #CoinExWorldCup #WorldCup #ALLINTHEGLORY

"Inaction kills faster than risk." — Owner 1win 🔥

This is the mindset of the 1win Owner — the man who built a global empire and recently took home the Crypto Casino of the Year award.

In his private channel, he doesn't share corporate reports, but his outlook on life. Honest thoughts on crypto, breakdowns of global events, behind-the-scenes with global stars (from Canelo to Tyga), and the philosophy of constant growth.

It’s a space to see how people at the top of the industry actually think.

Read the 1win Owner's private notes ⬅

➡️ The CLARITY Act’s real obstacle is not crypto. It is Trump’s crypto business

🔖 The CLARITY Act has the votes and the momentum to become law, having cleared the House and a key Senate committee. It is stuck anyway. The deepest reason is not crypto skepticism but a fight over the president’s own crypto empire, estimated in the billions, and whether the rules should restrain it.

‼️ The CLARITY Act is the bill the American crypto industry has wanted for years, the one that would finally settle how digital assets are regulated in the U.S., and by the ordinary logic of legislation it should be on a path to becoming law.

⚡️ It passed the House of Representatives with bipartisan support, cleared the Senate Banking Committee on a 15-to-9 vote, and was placed on the Senate calendar, formally eligible for a floor vote. The industry is mobilized behind it, with hundreds of companies urging passage, and analysts have spent the year handicapping when, not whether, it would be signed.

🔔 How Prediction Markets Resolve: UMA Oracle Explained

⚠️ Billions of dollars in prediction market positions settle every month based on a machine for deciding truth that most traders have never examined. This guide explains how UMA’s optimistic oracle turns real-world events into on-chain payouts, why the system usually works, the cases where it has failed spectacularly, and the rival settlement designs trying to replace it.

✔️ That decision layer is called resolution, and it is the load-bearing wall of the entire sector. A prediction market is only as good as its ability to decide truth, and a blockchain cannot observe the real world. It cannot see who won an election, whether a company sold an asset, or whether a bill passed. The bridge between reality and the smart contract is an oracle, and for the largest on-chain prediction market, that oracle is UMA. Understanding how it works, and how it fails, is the single most useful piece of due diligence a prediction market trader can do.

🌐 Crypto solved one version of the oracle problem years ago. Price feeds from networks like Chainlink and Pyth deliver asset prices on-chain by aggregating data from many independent publishers. That works because prices are public, continuous, machine-readable, and available from dozens of redundant sources.

➡️ Wall Street banks restrict staff trading on prediction markets

🔔 Major Wall Street banks are tightening employee rules for prediction markets as concerns grow over the use of confidential information on platforms such as Polymarket and Kalshi.

🔖 Goldman Sachs has prohibited employees from trading prediction contracts linked to financial markets, political events and other subjects that could create a real or perceived conflict with the bank, its clients or the financial sector. The policy reportedly covers macroeconomic data, elections, geopolitics and events involving Goldman Sachs. However, employees may continue trading contracts related to sports and entertainment. Repeated violations could lead to disciplinary action or the loss of profits from prohibited trades.

⚡️ Morgan Stanley has also included prediction market rules in its employee code of conduct, although the bank has not disclosed the full scope of those restrictions. Meanwhile, Bank of America recently gave employees clearer examples of banned activity. Its policy restricts contracts involving company-specific developments, macroeconomic data and financial services. JPMorgan’s existing rules prohibit staff from trading with confidential information, including through prediction markets.

⚠️ The fed chair who owned crypto just ruled out saving it

🔗 Kevin Warsh held stakes in a stablecoin venture and a dozen protocols, called Bitcoin the new gold, and became the friendliest Fed chair crypto has ever had. Then Congress asked whether the Fed would rescue the sector in a run, and he said the one word the industry was not expecting. The most consequential sentence in crypto this month was not said by anyone in crypto. It was said in a House hearing room on July 14 by a Federal Reserve chair two months into the job, answering a question from a congressman who has spent years as the industry’s most reliable antagonist.

🌐 Representative Brad Sherman asked Kevin Warsh whether the Fed would backstop failing digital-asset firms the way it supported money market funds in 2008. Warsh, who sat inside the Fed during that crisis and helped design those rescues, answered: “We do not want to be in the bailout business, full stop.” He then added that the goal is a position where nobody gets bailed out, crypto included.

📊 The industry has spent a decade assuming that if the worst happened, the safety net underneath the traditional system would stretch, however grudgingly, underneath the digital one. The friendliest chair in Fed history just said it will not, and the fine print of how he said it matters more than the headline.

‼️ What is auto-deleveraging? When winning gets you closed

📊 Every leveraged crypto venue has a mechanism that can close your profitable position without asking, and it fires precisely when you are most right. It is the last step in a risk waterfall, it selects victims by a published formula, and it works differently on every architecture.

➡️ Here is how it operates and what actually reduces your exposure to it.There is a category of financial risk that traders learn about only at the moment it costs them money, and in crypto derivatives the leading example is auto-deleveraging. The mechanism is simple to state and hard to accept: on a venue where you hold a large, profitable, leveraged position, the exchange may close part or all of that position without your consent, at a price you did not choose, because someone on the other side blew up so badly that the venue cannot cover the shortfall any other way. You did nothing wrong. Your analysis was correct.

🔗 Your position is being reduced precisely because it was working. Every major perpetual futures venue, centralized and decentralized alike, has some version of this mechanism, and it is disclosed in their documentation, which almost nobody reads until afterward. This guide explains why the mechanism must exist, where it sits in the sequence of defenses, how venues decide whose positions to cut, how the architectures differ, and what a trader can actually do to reduce exposure to it.

🔔 Bitcoin Telegram accounts targeted by North Korean hackers

➡️ Bitcoiners are facing a renewed warning over an active social-engineering campaign that hijacks trusted Telegram accounts and funnels cryptocurrency professionals into fake Zoom or Microsoft Teams meetings.

❗️ JUMPSEC said in July that it obtained source code from an active BlueNoroff phishing kit after exposed JavaScript source maps. The researchers found a victim-acquisition platform that abuses compromised Telegram contacts, profiles cryptocurrency wallets and delivers malware to selected targets on Windows and macOS systems. JUMPSEC said identified campaign infrastructure remained active as of July 22.

📊 The attack begins with trust rather than a blockchain vulnerability. JUMPSEC found operators using compromised Telegram accounts belonging to real industry contacts to invite targets to fake video meetings. Because messages arrive from genuine accounts and can reference existing relationships, sender recognition alone provides limited protection.

🌐 Metaplanet launches BitBonds with ¥200M private sale

🔖 Metaplanet launched a continuous bond issuance program called BitBonds on Aug. 13 and completed its first four private placements, raising about 200 million yen, or roughly $1.3 million. The bonds were distributed through wholly owned Metaplanet Securities under Japan’s small number private placement framework. Solicitation began in late July and has now closed. Future series will be priced separately according to funding needs, market conditions and investor demand.

🔔 Metaplanet said BitBonds will sit alongside common shares, equity linked instruments and preferred shares as a recurring funding channel. The program lets the company issue senior debt as needed rather than depend on a single large bond transaction. Metaplanet “intends” to prepare for public bond offerings if issuance expands, but no such offering has been approved. The inaugural securities differ from earlier descriptions of potential Bitcoin backed bonds. Metaplanet’s filing states that these BitBonds are unsecured, unguaranteed and unrated. No security interest has been granted over Bitcoin or other group assets, and principal is not protected. Investors instead rely on Metaplanet’s overall ability to repay.

⚠️ Bitcoin nevertheless remains relevant to the credit risk because it is Metaplanet’s principal asset. The company warned that its financial condition and ability to meet principal and interest obligations could be affected by Bitcoin price movements. The bonds also carry transfer restrictions, while liquidity before maturity is not guaranteed.

➡️ Bitcoin price falls to $64,300 after $65K rejection, will support hold?

⚠️ Bitcoin price pulled back to about $64,300 on Aug. 19 after failing to hold above $65,000, as weak spot demand, rising bond yields, and resistance near $65,400 limited the rebound. According to data from cryptonews, Bitcoin (BTC) price was trading at about $64,390 on Binance on Wednesday afternoon in Asia, down roughly 0.5% on the daily candle. The price had reached an intraday high of $64,736 before sellers pushed it lower.

🔔 The retreat followed a rebound from the $62,700 area earlier in the week. Bitcoin moved through $64,000 and approached $65,000 on Aug. 18, but the rally did not attract enough buying pressure to clear the upper end of its recent range. Snyder said he was maintaining a short position opened near $65,000 but planned to move it to breakeven if possible. His downside scenario depends on Bitcoin losing $64,000, while another defense of the $62,500 range low would leave the market increasingly compressed.

⚠️ Bitcoin has traded mostly between $62,500 and $65,400 since late July, aside from brief moves outside the range. Repeated reversals have reduced the value of entries near the middle, where neither buyers nor sellers have established control.