💰 Long-term holders sold the equivalent of 50% of all spot ETF intake.

LTH supply tracked against ETF accumulation indicates that roughly half the institutional bid was absorbed by old hands taking profit. This is distribution, which typically occurs before the end of bull markets, not after. Bull momentum often persists for 1-3 months following the initial heavy distribution.

Open LTH Net Position Change → #etf

🇨🇳🤝 Elon Musk & Apple $AAPL CEO Tim Cook at China's state dinner.

🕵️ #HYPE Coinbase announced that they have strengthened their partnership with Hyperliquid and significantly increased their position in #HYPE staking.

🆕 Coinbase to Serve as Official USDC Treasury Deployer on Hyperliquid

Coinbase is expanding support for onchain markets by becoming the official treasury deployer of USDC on Hyperliquid. Native Markets has agreed to terms granting Coinbase the right to purchase the USDH brand assets, with the USDH market being gradually phased out over time.

🇺🇸📝 #maco USA - Retail Sales (MoM) = +0.5% (Exp +0.5% / Prior +1.7%)

🇺🇸📝 #macro US - Initial Jobless Claims = 211k (exp 205k / prev 200k)

US - Continuing Jobless Claims = +1.782M (exp 1.790M / prev 1.766M)

next leg soon #DOGE

📊 CME Group to Launch Futures Tied to the Nasdaq CME Crypto Index.

🗽 Jack Dorsey's Blocks launches Loupe, an AI-powered security feature for open-source Bitcoin projects.

Altcoins. Same structure as 2016 - 2020 and ready for a massive breakout.

It could starts at any moment now.

#ALTSEASON 🚀

🔮 Interactive Brokers is launching a predictive market platform in collaboration with Kalshi, CME Group, and ForecastEx.

🏦 Sen. Cynthia Lummis says digital assets are becoming part of the future financial system whether banks embrace them or not.

🇯🇵💸 Metaplanet reported Q1 FY2026 revenue of ¥3.08 billion, up 251% year over year, as the firm continued aggressively expanding its Bitcoin treasury strategy.

Operating profit rose 282.5% YoY to ¥2.27 billion, according to results shared by CEO Simon Gerovich. The company also reported a 73.6% operating margin and a 2.8% BTC yield for the quarter.

Despite strong operational growth, Metaplanet posted a net loss of ¥114.5 million due to non-cash Bitcoin valuation adjustments tied to BTC price fluctuations. The results highlight how accounting treatment continues to distort earnings for Bitcoin treasury firms.

Metaplanet previously reported an FY2025 net loss of roughly ¥95 billion, largely driven by a ¥102.2 billion non-cash Bitcoin markdown.

🐳 May 14 Update:

Bitcoin ETFs:
1D NetFlow: -8,158 $BTC (-$653.21M)
7D NetFlow: -16,585 $BTC (-$1.33B)

Ethereum ETFs:
1D NetFlow: -17,030 $ETH (-$38.5M)
7D NetFlow: -125,375 $ETH (-$283.47M)

Solana ETFs:
1D NetFlow: -474 $SOL (-$43K)
7D NetFlow: +624,437 $SOL (+$56.82M)

🗽 Anthropic’s Mythos AI reportedly found macOS flaws that could bypass Apple security, per WSJ.

🚀 S&P 500 reaches new all-time high of 7,500.

🤝 #LINK #ZRO Kraken will replace LayerZero with Chainlink to facilitate asset interoperability across blockchains.

🇨🇳🗣 Nvidia $NVDA CEO Jensen Huang says President Trump's China summit is "one of the most important summits in human history."

🕵️ Sen. Warner states that clarity talks advanced after Republicans accepted some proposed changes, according to Eleanor Terrett.

💵 250,000,000 $USDC (249,970,499 USD) minted at USDC Treasury

🏦 The bill on the structure of the crypto market has passed through the banking committee with bipartisan support.