Category: News

Bitcoin Price Plunges from $107K: Key Support Levels to Watch
Key Takeaways:
- Bitcoin price retraces from $107,115 peak to $102,554
- Market cap stands at $2.03 trillion with $47.58B 24-hour volume
- Critical support levels emerge at $102,000 and $98,000
Bitcoin’s price action has taken a significant turn as the leading cryptocurrency experiences a sharp correction from its local high of $107,115. As recent analysis predicted the possibility of a pullback at the $107K level, traders are now closely monitoring key support zones.

The flagship cryptocurrency is currently trading at $102,554, representing a notable decline from its recent peak. With a substantial market capitalization of $2.03 trillion and a 24-hour trading volume of $47.58 billion, the market shows significant liquidity during this correction phase.

Technical Analysis and Market Structure

The recent rejection from $107,115 has established a clear resistance zone, with increased selling pressure visible across multiple timeframes. This price action aligns with previous predictions of potential resistance at the $106.5K level.

SPONSORED

Trade Bitcoin with up to 100x leverage and maximize your profit potential

Trade Now on Defx

Support Levels and Price Targets

Key support levels to watch include:
- Primary support: $102,000
- Secondary support: $98,000
- Major support: $95,000
Market Sentiment and Volume Analysis

The current retracement comes amid mixed market sentiment, with institutional interest remaining strong despite short-term price volatility. The substantial trading volume suggests active market participation during this correction phase.

FAQ Section

Q: What caused Bitcoin’s price to drop from $107K?
A: The rejection at $107,115 triggered profit-taking and increased selling pressure across major exchanges.

Q: What are the key support levels to watch?
A: Primary support lies at $102,000, with additional support zones at $98,000 and $95,000.

Q: Is this correction likely to continue?
A: Market indicators suggest a period of consolidation may be necessary before determining the next major trend direction.
May 19, 2025
Strategy Acquires $765M Bitcoin: Corporate Holdings Surge to 576K BTC
Strategy Acquires $765M Bitcoin: Corporate Holdings Surge to 576K BTC

In a significant move that underscores growing institutional confidence in Bitcoin, Strategy has announced the acquisition of 7,390 BTC worth approximately $764.9 million. This latest purchase, made at an average price of $103,498 per coin, comes amid Bitcoin’s critical price positioning around $103K.

Strategic Acquisition Details

The purchase, executed between May 12 and May 18, was funded through a sophisticated combination of stock offerings:
- $705.7 million raised through ATM offering of Class A common stock
- $59.7 million generated from issuing 621,555 shares of Series A STRK preferred stock
SPONSORED

Trade Bitcoin with up to 100x leverage and maximize your profit potential

Trade Now on Defx

Portfolio Impact and Market Position

This strategic move has significantly enhanced Strategy’s Bitcoin position:
- Total holdings: 576,230 BTC
- Current market value: ~$59 billion
- Average purchase price: $69,726 per coin
- Total investment: $40.18 billion
Legal Challenges and Market Response

The acquisition comes as Strategy faces a class action lawsuit filed on May 16 in Virginia’s Eastern District Court. The lawsuit alleges inadequate risk disclosure regarding the company’s Bitcoin-focused strategy. However, Strategy maintains its commitment to “vigorously defend against these claims.”

Future Expansion Plans

Strategy’s aggressive expansion continues through two major ATM offerings:
- $21 billion common stock program (May 1, 2025)
- $21 billion preferred stock program
- Remaining availability: $18.98 billion (common stock) and $20.79 billion (preferred stock)
Market Impact and Analysis

This purchase aligns with broader trends in corporate finance transformation through Bitcoin treasury strategies, potentially influencing other institutional players to follow suit.

FAQ Section

What is Strategy’s total Bitcoin investment?

Strategy has invested $40.18 billion in Bitcoin, with an average purchase price of $69,726 per coin.

How many Bitcoin does Strategy currently hold?

Strategy now holds 576,230 BTC, worth approximately $59 billion at current market prices.

What funding methods did Strategy use for this purchase?

The purchase was funded through a combination of ATM offerings, including Class A common stock and Series A STRK preferred stock issuance.
May 19, 2025
Bitcoin Whale Places $508M Long Position as Price Tests $103K Support
A high-stakes crypto trader on Hyperliquid has dramatically increased their Bitcoin long position to $508 million with 40x leverage, even as BTC experiences volatility around the $103,000 level. This bold move comes as Bitcoin recently touched $107,000 in a historic weekly close.

Massive Leverage Play Amid Market Volatility

The notorious Hyperliquid whale has doubled down on their bullish stance, maintaining a 40x leveraged position despite Bitcoin’s recent price correction from $107,000 to below $103,000. This aggressive trading strategy puts significant capital at risk while demonstrating strong conviction in Bitcoin’s upward trajectory.

SPONSORED

Trade Bitcoin with up to 100x leverage on perpetual contracts

Trade Now on Defx

Market Impact and Risk Analysis

The size of this position could have significant implications for market dynamics, particularly given that Bitcoin is currently at a critical price crossroads. With $508 million at stake, any substantial price movements could trigger a cascade of liquidations across the market.

Technical Outlook and Support Levels

Current market indicators suggest Bitcoin is testing crucial support levels:
- Primary support: $103,000
- Secondary support: $98,000
- Key resistance: $107,000
- Liquidation risk level: Below $95,000
Expert Analysis and Market Sentiment

Market analysts remain divided on the sustainability of such highly leveraged positions. While some view this as a signal of strong bullish sentiment, others warn of increased market volatility and potential liquidation risks.

Frequently Asked Questions

What is the significance of a 40x leveraged position?

A 40x leverage means the trader can control $40 worth of Bitcoin for every $1 of collateral, significantly amplifying both potential gains and losses.

What happens if Bitcoin price drops significantly?

If Bitcoin’s price falls below the position’s liquidation price, the entire position could be automatically closed, potentially causing market-wide ripple effects.

How does this compare to previous whale positions?

This $508M position ranks among the largest leveraged trades seen in recent crypto market history, surpassing many previous notable positions.

Disclaimer: This article does not constitute financial advice. Trading with leverage carries significant risks and should only be attempted by experienced traders.
May 19, 2025
Dogecoin Price at Critical $0.22 Level: Breakout Could Target $0.30
Dogecoin (DOGE) stands at a pivotal moment as technical indicators suggest an imminent major price movement. The popular meme cryptocurrency is currently testing critical support levels while showing signs of potential upward momentum.

Technical Analysis Shows Converging Patterns

According to renowned crypto analyst Josh Olszewicz, DOGE has formed a clear falling wedge pattern on the four-hour timeframe since reaching $0.25941 on May 13. This technical formation, typically considered bullish when broken to the upside, has created a compression zone between $0.212 and $0.219.

The Ichimoku cloud indicators paint an intriguing picture, with price action caught between multiple technical reference points:
- Tenkan-sen: $0.21427
- Kijun-sen: $0.22524
- Senkou Span A: $0.22102
- Senkou Span B: $0.21184
Weekly Timeframe Shows Broader Strength

On the weekly chart, DOGE has achieved a significant milestone by closing above the Bull Market Support Band for the first time since February. This band, spanning from $0.21617 to $0.22378, has transformed from resistance to potential support, marking a crucial level for maintaining bullish momentum.

SPONSORED

Trade DOGE with up to 100x leverage on perpetual contracts

Trade Now on Defx

Key Price Levels to Watch

Traders should monitor these critical price levels:
- Immediate resistance: $0.219 (wedge resistance)
- Key support: $0.205
- Bullish target: $0.24-0.26 range
- Weekly resistance: $0.22378 (Bull Market Support Band upper limit)
Trading Scenarios and Outlook

A decisive break above $0.219 could trigger a significant rally toward previous supply levels at $0.24-0.26. However, failure to maintain support at $0.205 might lead to a retest of the April pivot at $0.185. The current price action suggests accumulation, with the potential for a substantial move once the compression resolves.

FAQ

Q: What is the current Dogecoin price?
A: DOGE is trading at $0.217 as of the latest market data.

Q: What is the next major resistance level?
A: The immediate significant resistance lies at $0.219, with further resistance at $0.225.

Q: What technical indicators support a bullish case?
A: The falling wedge pattern, weekly close above the Bull Market Support Band, and tight Ichimoku cloud compression suggest potential upside momentum.
May 19, 2025
Telegram Crypto Fraud Alert: Blum Co-Founder Arrested Over $15M Scandal

In a major development that has sent shockwaves through the cryptocurrency community, Vladimir Smerkis, co-founder of the Telegram-based crypto project Blum, was arrested in Moscow on serious fraud allegations. This case bears striking similarities to another recent $15M crypto fraud operation uncovered in Hong Kong, highlighting the growing global crackdown on digital asset crimes.

Breaking Down the Blum Crypto Scandal

The arrest, confirmed by the Zamoskvoretsky District Court on May 18, involves allegations of large-scale fraud under Article 159 of the Russian Criminal Code. Smerkis, who previously held a prominent position as Binance’s Russia operations head, now faces potential imprisonment ranging from 2 to 12 years.

SPONSORED

Trade with confidence using advanced risk management tools

Trade Now on Defx

Historical Red Flags: The $15M Investment Loss

Investigators are examining Smerkis’s involvement in two previous crypto ventures from 2017: The Token Fund and Tokenbox. These projects reportedly resulted in approximately $15 million in investor losses, raising serious questions about pattern behavior in crypto investment schemes.

Impact on Blum’s Token Launch Plans

The arrest has cast doubt over Blum’s scheduled token listing, originally planned for Q3 2025. The platform’s innovative ‘Drop Game’ feature, which allows users to earn points by tapping falling snowflakes, was meant to culminate in a token generation event.

Project Response and Future Outlook

Blum’s management has confirmed Smerkis’s resignation as CMO and his complete dissociation from the project. However, questions remain about the platform’s leadership structure and the fate of planned token distributions.

FAQ Section

What is the current status of user funds on Blum?

Currently, there are no reports of user funds being affected. The platform continues to operate normally.

Will the BLUM token launch proceed as planned?

While the team claims the token launch will continue as scheduled, no specific timeline has been confirmed following Smerkis’s arrest.

How does this affect Telegram Mini Apps?

This incident may lead to increased scrutiny of crypto projects operating through Telegram Mini Apps, potentially affecting the broader ecosystem.

The Blum case serves as a crucial reminder of the importance of due diligence in crypto investments, particularly in emerging platforms and technologies. As the investigation unfolds, it may set important precedents for regulatory oversight of Telegram-based crypto projects.

May 19, 2025
Solaxy ($SOLX) Whales Accumulate $1M: Layer 2 Token Surges 72%
In a significant market development, Solaxy ($SOLX) has attracted over $1 million in whale investments within just two weeks, with the latest single purchase reaching $375,000. This surge in institutional interest comes as Bitcoin’s historic $107K weekly close continues to fuel broader market optimism.

Solaxy’s Meteoric Rise: Key Investment Highlights
- Total presale raised: Over $37 million
- Current token price: $0.001728 (72.8% increase from launch)
- Current staking APY: 107%
- Days remaining in ICO: 28
Market Context and Timing

The substantial whale accumulation of $SOLX coincides with several positive market catalysts, including Ethereum’s strong performance signaling a potential alt season. This timing suggests strategic positioning by large investors ahead of the presale conclusion.

Technical Innovation: Solana’s First Layer 2 Solution

Solaxy distinguishes itself as Solana’s pioneering Layer 2 protocol, addressing critical challenges:
- Network congestion reduction
- Failed transaction elimination
- Enhanced scalability
- Maintained low transaction costs
SPONSORED

Trade meme coins with leverage in spot margin on Solana

Trade Now on Defx

Investment Potential and Price Projections

Analysts project significant growth potential for $SOLX:
- 2025 price target: $0.032
- Potential ROI from presale: 3,100%
- Immediate staking benefits: 107% APY
FAQ Section

What makes Solaxy unique in the Layer 2 space?

Solaxy is the first Layer 2 solution specifically designed for Solana, offering enhanced scalability while maintaining Solana’s core benefits of speed and low costs.

How does $SOLX benefit from the multi-chain approach?

The token leverages both Ethereum’s liquidity and Solana’s speed, creating a unique advantage for traders and DeFi users.

What are the key investment risks?

Like all crypto investments, $SOLX carries volatility risks. Investors should conduct thorough research and only invest what they can afford to lose.

Risk Warning: Cryptocurrency investments are subject to high market risk. Past performance is not indicative of future results.
May 19, 2025
WalletConnect Smart Sessions Transform Web3 UX for AI Integration

WalletConnect, a leading Web3 infrastructure provider, is revolutionizing blockchain wallet interactions with the introduction of Smart Sessions, a groundbreaking standard aimed at enhancing user experience and facilitating AI agent integration. According to founder Pedro Gomes, this development marks a pivotal shift in how users and AI systems interact with blockchain applications.

Smart Sessions: Redefining Web3 Infrastructure

The new Smart Sessions standard represents a significant leap forward in blockchain wallet technology, designed specifically to address the growing intersection of AI and crypto applications. This innovation comes at a crucial time when AI integration in blockchain projects is gaining significant traction.

Economic Impact and WCT Token Integration

A key aspect of this development is its potential impact on WalletConnect’s native token, WCT. The integration of Smart Sessions is expected to “fundamentally reshape” the protocol’s economic dynamics, potentially creating new value streams for token holders and ecosystem participants.

AI Integration and Future Applications

The Smart Sessions standard is particularly significant for the future of AI agents in Web3, enabling more seamless interactions between artificial intelligence systems and blockchain networks. This development aligns with the broader trend of AI integration in crypto infrastructure.

SPONSORED

Trade automatically with advanced trading bots on Defx

Trade Now on Defx

FAQ Section

What are WalletConnect Smart Sessions?

Smart Sessions are a new standard that enhances wallet interactions and enables better integration with AI agents in the Web3 ecosystem.

How will Smart Sessions affect WCT token holders?

The implementation is expected to reshape WalletConnect’s economic dynamics, potentially creating new value opportunities for WCT token holders.

What impact will this have on AI integration in crypto?

Smart Sessions will facilitate easier and more efficient interactions between AI agents and blockchain networks, potentially accelerating AI adoption in Web3.

May 19, 2025
Dogecoin Price Faces Critical $0.25 Test: Key Support at $0.21
The Dogecoin (DOGE) price is approaching a decisive moment as bulls and bears battle for control near the critical $0.25 resistance level. Recent price action shows DOGE struggling to maintain momentum, with key support established at $0.21 becoming increasingly important for maintaining the uptrend.

Technical Analysis Shows Mixed Signals

According to crypto analyst MindfullyLost, DOGE has maintained support above $0.21 on the 4-hour timeframe despite recent market turbulence. The price structure reveals multiple levels of interest:
- Current support: $0.21
- Immediate resistance: $0.23
- Major resistance: $0.25
- Previous test level: $0.22
Key Price Levels and Trading Opportunities

The current consolidation phase presents both opportunities and risks for traders. A break above $0.23 would signal bullish momentum, potentially triggering a rally toward the critical $0.25 level. However, failure to hold current support could lead to a retest of lower levels.

SPONSORED

Trade meme coins with up to 100x leverage and maximize your potential returns

Trade Now on Defx

Market Sentiment and Future Outlook

While short-term price action remains uncertain, longer-term projections from analysts remain optimistic. Price targets range from the previous all-time high of $0.71 to more ambitious forecasts of $1 and beyond. These projections are supported by:
- Historical price patterns
- Growing institutional interest
- Increased adoption metrics
- Market cycle analysis
FAQ Section

What is the key resistance level for Dogecoin?

The primary resistance level is at $0.25, with an intermediate resistance at $0.23.

Where is the current support level for DOGE?

Strong support has been established at $0.21, which has held through recent market volatility.

What are the price targets if DOGE breaks resistance?

Analysts suggest potential targets of $0.71 (previous ATH) and $1.00 as primary objectives.

Traders should maintain strict risk management practices and consider the volatile nature of cryptocurrency markets when making investment decisions.
May 19, 2025
Ethereum MVRV Turns Bullish: Key Metrics Signal $3,100 Target
Ethereum’s market dynamics are showing a significant shift as the Market Value to Realized Value (MVRV) indicator moves into bullish territory, potentially setting the stage for a rally toward $3,100. Despite recent price volatility, multiple on-chain metrics suggest growing strength in ETH’s fundamental outlook.

Ethereum’s MVRV Indicator Signals Bullish Momentum

In a notable development that coincides with Ethereum’s recent price action around $2,500, the cryptocurrency’s MVRV indicator has turned positive after an extended bearish trend. This technical shift comes as ETH faces resistance at $2,600, with prices currently consolidating around $2,360.

According to renowned crypto analyst Ali Martinez, this MVRV transition represents a crucial momentum shift that could catalyze ETH’s next upward movement. The indicator suggests that investors who acquired ETH at lower prices are now seeing realized gains, typically a precursor to renewed buying interest.

Whale Accumulation Strengthens Bullish Case

Supporting the positive MVRV signal, significant whale activity has been detected in recent weeks:
- Whale addresses holding 10,000-100,000 ETH have accumulated over 450,000 ETH in the past month
- Nearly 1 million ETH has been withdrawn from exchanges, indicating reduced selling pressure
- Large holders continue to demonstrate strong conviction in ETH’s long-term prospects
SPONSORED

Trade Ethereum with up to 100x leverage on perpetual contracts

Trade Now on Defx

Critical Price Levels and Targets

Martinez’s analysis of the MVRV Extreme Deviation Pricing Bands reveals several key levels:
- Critical support: $2,200
- Initial target: $3,100
- Extended target: $4,000 (contingent on breaking above $3,100)
FAQ: Ethereum’s MVRV Indicator

What is the MVRV indicator?
The Market Value to Realized Value (MVRV) ratio compares Ethereum’s market capitalization to its realized capitalization, helping identify whether the price is overvalued or undervalued.

Why is whale accumulation significant?
Whale accumulation often precedes major price movements as large holders typically have access to superior market intelligence and can influence price action through their substantial positions.

What could prevent ETH from reaching $3,100?
A break below the critical $2,200 support level or broader market volatility could delay or prevent the projected rally to $3,100.

Conclusion: ETH’s Path Forward

With multiple technical and on-chain metrics aligning bullishly, Ethereum appears positioned for potential upside movement. However, traders should maintain vigilance around the critical $2,200 support level and monitor whale activity for continued accumulation patterns.
May 19, 2025
Bitcoin Success: El Salvador’s $357M Revenue Validates National Strategy
Key Takeaways:
- El Salvador reports $357 million in Bitcoin revenue
- Success validates country’s ‘one bitcoin a day’ strategy
- President Bukele’s crypto vision shows promising results
El Salvador’s pioneering Bitcoin adoption strategy has yielded impressive results, with the country reporting $357 million in revenue from its cryptocurrency investments. This success story comes as Bitcoin continues its trajectory toward predicted 2025 price targets of $200K, validating President Nayib Bukele’s controversial decision to make Bitcoin legal tender.

The country’s innovative ‘one bitcoin a day’ reserve strategy has proven particularly effective in building a substantial cryptocurrency portfolio. This systematic approach to Bitcoin accumulation has positioned El Salvador as a leading example of national-level cryptocurrency adoption.

El Salvador’s Bitcoin Strategy: A Model for Nations

President Bukele’s commitment to cryptocurrency adoption has transformed from a controversial experiment into a demonstrable success story. The reported revenue validates El Salvador’s position as the first nation to adopt Bitcoin as legal tender, potentially inspiring other countries to follow suit.

SPONSORED

Trade Bitcoin with up to 100x leverage and capitalize on market movements

Trade Now on Defx

Impact on Global Bitcoin Adoption

The success of El Salvador’s Bitcoin strategy could accelerate the trend of national cryptocurrency adoption. As Bitcoin treasury strategies gain traction in corporate finance, countries may increasingly view cryptocurrency as a viable component of their national reserves.

FAQ Section

Q: How much has El Salvador earned from its Bitcoin investment?
A: El Salvador has reported $357 million in revenue from its Bitcoin holdings.

Q: What is El Salvador’s Bitcoin acquisition strategy?
A: The country follows a ‘one bitcoin a day’ purchase strategy to build its reserves systematically.

Q: When did El Salvador make Bitcoin legal tender?
A: El Salvador became the first country to adopt Bitcoin as legal tender in September 2021.
May 19, 2025