Crypto Horizon

Bitcoin Miners Warn No Bottom Yet, CryptoQuant Says—What On-Chain Metrics Reveal
https://www.newsbtc.com/bitcoin-news/bitcoin-miners-warn-no-bottom-yet-cryptoquant-says-what-on-chain-metrics-reveal/

Bitcoin (BTC) is trapped in its new consolidation band, holding between about $76,000 and $78,500. That range has now become the market’s near-term battlefield, with BTC roughly 38% below its all-time highs. While this sideways action may appear stable, a new CryptoQuant report argues that miners themselves don’t yet believe the market has fully reached a bottom. No Panic, Still Cautious The report points to a key indicator: the decline in Binance Pool Miner Reserve data. Since Binance Pool accounts for a large portion of the global hash rate, its behavior is often treated as a useful proxy for broader miner sentiment. In this case, falling reserves suggest that Bitcoin miners within the pool are continuing to trim what they hold in reserve. Typically, reserve reduction can reflect ongoing operational selling pressure, meaning miners are still supplying BTC to the market rather than stepping back completely. Related Reading: Hyperliquid (HYPE) Breaks New All-Time High—Surges Past $62 As Momentum Spikes At the same time, the report adds an important nuance through another metric: the Miners’ Position Index (MPI) staying in negative territory. That detail matters because it implies miners are not selling aggressively in a way that resembles historical panic behavior. In other words, the Bitcoin selling activity they’re showing appears more tied to necessity than to a full-scale rush to get out. CryptoQuant frames this as a reason the risk of an abrupt, catastrophic price dump remains relatively low for now. The Puell Multiple is also cited as supporting the same overall interpretation. CryptoQuant notes that the Puell Multiple remaining below 1 indicates miner revenues are still weak and under pressure compared with historical baselines. Practically, that means miners are operating in a stressed environment, but they are not necessarily accumulating aggressively because Bitcoin still hasn’t delivered the kind of bullish breakout that would typically encourage stronger positioning. Instead, miners look like they’re in a wait-and-watch mode. CryptoQuant says this kind of behavior is often observed near bottom formations, even if it doesn’t confirm one has fully formed yet. Bitcoin Price Outlook ‘Mixed’ Looking at what this means for price, the picture is mixed. The drop in miner reserves implies some BTC supply is still moving into the market. However, because the MPI remains weak (but not in a “panic selling” pattern), CryptoQuant suggests the resulting selling pressure may not be large enough to trigger a sudden Bitcoin collapse. Related Reading: Circle’s Next Step: Hyperliquid (HYPE) Integration As The Catalyst For Real Supply-Share Gain That aligns with the current chart structure, which continues to suggest sideways consolidation for a while longer. CryptoQuant also brings in an additional perspective from a separate report: whales reportedly bought near $78K and are now distributing in the $77K–$81K area. At the same time, exchange reserves are described as being at a monthly high, which is another sign that selling pressure is elevated. In that context, CryptoQuant’s implication is straightforward—if Bitcoin breaks down again and loses $76K, selling pressure could intensify quickly. At the time of writing, Bitcoin was trading at $77,763, having recorded a decline of almost 5% after failing to break above and hold $83,000 during last week’s rally. Featured image created with OpenArt, chart from TradingView.com

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Crypto Horizon

Bitcoin Treasury Company Nakamoto Takes Action To Prevent Stock Slide
https://www.newsbtc.com/bitcoin-news/bitcoin-treasury-company-nakamoto-takes-action-to-prevent-stock-slide/

Nakamoto sold 284 Bitcoin on the last day of March just to keep the lights on. That detail, buried in the company’s first-quarter financial results, tells the story of where one of the country’s Bitcoin treasury companies now stands. Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive Order A Company Running Low On Options? The Bitcoin accumulation strategy that once drove Nakamoto’s stock above $25 a share has given way to something far less glamorous — selling Bitcoin to cover operating costs. The company reported a net loss of $238 million for the first quarter of the year, with more than $102 million of that tied to a drop in the value of its Bitcoin holdings after the cryptocurrency fell 20% during the quarter. Revenue jumped 500% quarter over quarter, but the losses swamped those gains. Nakamoto holds 5,058 Bitcoin, making it the 20th largest corporate Bitcoin holder in the world, just behind ProCap Financial. Michael Saylor’s Strategy sits at the top of that list with more than 843,000 Bitcoin on its balance sheet — a gap that makes clear how far down the pecking order Nakamoto falls. Following Stockholder Approval, Nakamoto Announces 1-for-40 Reverse Stock Split to be Effective May 22, 2026 Read the full announcement here: https://t.co/AnqTXttIMQ — Nakamoto (@nakamoto) May 20, 2026 Racing The Clock On Nasdaq The company is now focused on a more immediate problem: staying listed on the Nasdaq. Last December, Nasdaq sent Nakamoto a warning after its stock price dropped below $1 for 30 straight trading days. The deadline to fix that is June 8, and the fix the company has chosen is a 1-for-40 reverse stock split, set to take effect Friday. The move was approved by shareholders at a special meeting earlier this month. Under the plan, every 40 shares get combined into one, shrinking the total share count from 696 million down to 17.4 million. The stock closed at 16 cents Wednesday — down 7.5% for the day and more than 99% below where it traded a year ago. A reverse split does not change a company’s overall market value. It is a structural adjustment designed to push the price per share above a listing threshold. Related Reading: Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle? Consolidation Ahead For The Sector Nakamoto’s troubles are not unique. Reports indicate that crypto treasury companies broadly have been in a downturn since 2025, with many trading below the value of the assets on their books. Some have begun selling their Bitcoin holdings to pay down debt. One company, Genius Group, liquidated its entire 84 Bitcoin reserve in February for that purpose. Featured image from Unsplash, chart from TradingView

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Crypto Horizon

Bitcoin Price Consolidates Near Lows As Market Searches For Direction
https://www.newsbtc.com/analysis/btc/bitcoin-price-consolidates-78k/

Bitcoin price started a recovery wave above the $77,000 zone. BTC is consolidating and might aim for more gains if it clears the $78,000 resistance zone. Bitcoin managed to form a base above $76,200 and started a recovery wave. The price is trading above $77,000 and the 100 hourly simple moving average. There is a contracting triangle forming with resistance at $77,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $78,000 zone. Bitcoin Price Eyes Fresh Gains Bitcoin price remained supported above the $76,500 zone. BTC formed a base and settled above $76,800 to start a recovery wave. There was a move above the $77,000 and $77,200 levels. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $82,016 swing high to the $76,020 low. However, the bears are active near $78,000. There is also a contracting triangle forming with resistance at $77,900 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $77,200 and the 100 hourly simple moving average. If the price remains stable above $77,200, it could attempt a fresh increase. Immediate resistance is near the $78,000 level. The first key resistance is near the $78,500 level. A close above the $78,500 resistance might send the price further higher. In the stated case, the price could rise and test the $79,000 resistance or the 50% Fib retracement level of the downward move from the $82,016 swing high to the $76,020 low. Any more gains might send the price toward the $81,200 level. The next barrier for the bulls could be $82,000. Another Drop In BTC? If Bitcoin fails to rise above the $78,000 resistance zone, it could start another decline. Immediate support is near the $77,200 level. The first major support is near the $76,800 level. The next support is now near the $76,200 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support now sits at $74,200, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $76,800, followed by $76,200. Major Resistance Levels – $78,000 and $79,000.

1 view05:21

Crypto Horizon

Analyst Maps XRP’s Path To 31% Of The Entire Crypto Market
https://www.newsbtc.com/xrp-news/analyst-xrp-path-31-of-entire-crypto-market/

Crypto analyst Will Taylor, known as Cryptoinsightuk on X, said XRP’s market-cap dominance still shows a bullish structure despite its recent pullback from a key range high. His latest chart of XRP.D maps a potential long-term move toward 31.26% dominance, far above the current area near 3.315%. Taylor’s argument centers on market structure rather than short-term sentiment. In the chart, XRP dominance is shown holding above a major horizontal level around 3.315%, after breaking out from a multi-year range and failing to fully clear the 6.127% area. The weekly setup then compresses into a descending wedge, with the analyst suggesting that the retracement has not yet invalidated the broader breakout. “As I look at $XRP.D, I still struggle to feel bearish here,” Taylor wrote. “What I think we’re seeing is: a completed Wyckoff accumulation, a breakout above the major 3.315% resistance, a failed attempt to fully break through the 6.127% range high, then a pullback into a compressed descending wedge.” The Path To 31% Market Dominance For XRP The chart presents 6.127% as the next major range high, while 31.26% is marked much higher on the dominance scale as a possible upside objective. That framing implies an aggressive expansion in XRP’s share of the total crypto market if the analyst’s continuation thesis plays out. It does not require XRP alone to rise in isolation; dominance can also increase if XRP outperforms other major crypto assets during a broader rotation. Related Reading: XRP’s Big Buyers Returned In April But left In May: Capital Inflows Data Explains The Shift Taylor’s focus is on the behavior after the failed push through 6.127%. Rather than seeing the rejection as evidence of distribution, he described the current structure as compression. In his view, a decisive bearish breakdown would likely look different, with stronger downside momentum and heavier sell pressure. “To me, that matters,” he said. “Because descending wedges are often reversal / continuation structures, especially when they’re paired with diminishing volume. If sellers were truly in control, I’d expect to see expanding downside volatility and aggressive sell volume, not compression.” The chart also includes RSI, which has been trending lower alongside price compression. Taylor argued that this does not yet represent a full structural breakdown. Instead, he said the indicator appears to be compressing in its own downtrend while XRP dominance holds above the breakout zone. That distinction is central to his thesis. A market that breaks out, rejects at a higher resistance, then consolidates above former resistance can still be read as constructive, provided the former breakout level is defended. In this case, the 3.315% zone is the key reference point. A sustained loss of that area would weaken the continuation argument, while a breakout from the wedge could bring the 6.127% range high back into focus. The Wyckoff Thesis The Wyckoff labels on Taylor’s chart are central to the bullish reading. The structure marks a long accumulation sequence beginning with preliminary support, or PS, followed by a selling climax and secondary test around the 2020–2021 lows. The subsequent automatic rally, secondary test and “spring” are presented as the base-building phase before XRP dominance reclaimed higher ground. Related Reading: Solana ETF Falls Behind As XRP Collects More Cash—Here’s The Catalyst Driving The Split From there, the chart identifies a move over the “creek”, a Wyckoff term often used to describe the transition out of an accumulation range, followed by a sign of strength near the 6.127% range high. The latest pullback is labeled as an LPS, or last point of support, which in Wyckoff analysis is typically watched as a potential higher-low area before continuation. That makes the 31.26% marker more than a loose upside

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Crypto Horizon

arrow in Taylor’s framing. The chart is effectively arguing that XRP dominance has moved from accumulation into markup, with the current descending wedge serving as a possible consolidation above the breakout zone rather than evidence of failed demand. The bullish case depends on that LPS interpretation holding; if the structure breaks back below the reclaimed 3.315% level, the Wyckoff continuation thesis would become harder to defend. Taylor also framed the setup as one that may need a catalyst. “It honestly feels like XRP dominance is waiting for a catalyst before attempting another move higher,” he wrote. “I know this goes against a lot of current sentiment and market interpretation, but I’d genuinely love to hear the bearish argument from here structurally, because right now I still see more signs pointing toward bullish continuation than full distribution.” The 31.26% marker gives the chart its most striking implication, but the nearer technical question is whether XRP dominance can continue to hold the reclaimed 3.315% level and resolve the wedge to the upside. For now, Taylor’s read is clear: the structure has pulled back, but in his view, it has not yet broken. At press time, XRP traded at $1.36. Featured image created with DALL.E, chart from TradingView.com

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Crypto Horizon

XRP Declines 8%, But Whales Scoop Up 71 Million Tokens
https://www.newsbtc.com/xrp-news/xrp-declines-7-whales-scoop-71-million-tokens/

On-chain data shows the XRP whales have gone on a 71 million coin buying spree over the past week even as the asset’s price has dropped. XRP Whales Have Increased Holdings Recently In a new post on X, analyst Ali Martinez has talked about the latest trend in the supply held by whales on the XRP network. “Whales” refer to the entities holding a considerable amount of the asset in their wallet balance. Related Reading: Bitcoin $78,000 Rebound Fizzles As Coinbase Premium Stays Red These investors can carry some degree of influence in the market thanks to their large holdings, so their behavior can often be worth keeping an eye on. The moves made by the whales may not always directly impact the asset, but they can still be revealing about the sentiment present among them. There are many ways to track the behavior of the whales, with one such being through their holdings. Below is the chart shared by Martinez that shows the trend in the supply of the large XRP holders. As is visible in the graph, the XRP whales have expanded their holdings recently. More specifically, these humongous investors have added more than 71 million tokens of the cryptocurrency (worth around $97.8 million right now) to their supply over the past week. This accumulation spree from the whales has interestingly arrived while the asset’s price has gone down by over 8% within the same window. Considering this timing, it’s possible that the big-money hands are looking at the dip as a lucrative opportunity to buy more of XRP. It only remains to be seen, though, whether this bet from the whales will pay off. In some other news, XRP may be gearing up for a volatile move, as the analyst has highlighted in another X post. The indicator cited by Martinez is the Bollinger Bands, a tool that’s generally used for measuring the volatility of an asset. Related Reading: Bitcoin ETF Inflows Are Underperforming In 2026, Data Shows There are three bands in the indicator: a 20-day moving average (MA) central line and two levels on either side of it corresponding to certain standard deviations up and down. From the chart, it’s visible that the Bollinger Bands have squeezed around the 3-day XRP price recently. This suggests that the cryptocurrency has been experiencing stale price action. According to the analyst, the current squeeze in the metric is the tightest one in over a year. “When volatility compresses this tightly, it’s a signal that a violent price expansion is approaching,” noted Martinez. XRP Price XRP briefly breached the $0.54 mark one week ago, but the coin has since seen a notable drawdown as its price has returned to $1.37. Featured image from Dall-E, chart from TradingView.com

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Crypto Horizon

Accused attackers of Sandbox exec’s wife tried to flee via Uber

https://cointelegraph.com/news/uber-getaway-wrench-attack-sandbox-cofounder-wife-france?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cointelegraph

Sandbox Co-founder’s Wife Targeted in Crypto Wrench Attack

CertiK reported earlier this month that criminal wrench attack teams usually consist of three to five people and are often made up of amateurs, while the masterminds are outside the country.

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Crypto Horizon

Coinbase premium hits monthly low as institutional selling pressure mounts

https://cointelegraph.com/news/coinbase-premium-hits-monthly-low-as-institutional-selling-pressure-mounts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cointelegraph

Coinbase Premium Hits Monthly Low on Institutional Selling

The Coinbase premium hit a monthly low as institutions sold aggressively and Bitcoin ETFs saw a four-day outflow streak.

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Crypto Horizon

SEC's Peirce tempers expectations over tokenized stocks exemption

https://cointelegraph.com/news/secs-peirce-tempers-expectations-over-innovation-exemption-for-tokenized-stocks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cointelegraph

SEC’s Peirce Clarifies Tokenized Stock Exemption

SEC Commissioner Hester Peirce has clarified that the “innovation exemption” for tokenized stock trading would only apply to digital representations of underlying equities.

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Crypto Horizon

Galaxy’s Novogratz speaks in court over failed $1.2B BitGo deal: Report

https://cointelegraph.com/news/galaxys-novogratz-speaks-in-court-on-12b-bitgo-deal-gone-wrong-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cointelegraph

Novogratz Appears in Court Over Failed BitGo Deal: Report

Galaxy Digital founder Mike Novogratz faced off against BitGo CEO Mike Belshe in court and told a judge he had pushed for a $1.2 billion merger with BitGo in 2021, Bloomberg reported.

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Crypto Horizon

Tokenized stocks risk liquidity and revenue fragmentation: Research

https://cointelegraph.com/news/tokenized-stocks-risk-liquidity-and-revenue-fragmentation-research?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cointelegraph

SEC Tokenized Stocks Risk Market Fragmentation

Tiger Research flagged liquidity and revenue fragmentation risks tied to the SEC’s innovation exemption for third-party tokenized stock listings.

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Crypto Horizon

New Bitcoin Lows? Analysts Say Chances Are ‘Extremely Slim’
https://www.newsbtc.com/news/bitcoin/new-bitcoin-lows-analysts-say-chances-are-extremely-slim/

Binance pool miner reserves slipped from 41,987 to 41,915 in May, a small but telling sign that selling pressure from miners has not fully stopped. Crypto analysts said that because Binance Pool controls a major share of global hash rate, its behavior tends to reflect how Bitcoin miners feel before the broader market catches on. Related Reading: Bitcoin Treasury Company Nakamoto Takes Action To Prevent Stock Slide The Miner Position Index remains below historical panic-selling levels, and the Puell Multiple — a gauge of miner revenue relative to long-term averages — is still under one. Analysts described the current miner behavior as a “wait phase,” a pattern that has appeared near cycle bottoms before. Long-Term Holders Take Over The Supply Side More than 70% of all circulating Bitcoin is now sitting in the hands of investors who have held for at least a year. That figure crossed back above 15 million BTC for the first time since October 2025, according to data from CryptoQuant. 🚨 $BTC Long Term Holders Just Flashed The Signal That Preceded Every Major Expansion Phase Since 2012.#Bitcoin The 1Y+ Long Term Holder metric has now dropped back into the historical “oversold” accumulation zone, a region that previously appeared before explosive upside… pic.twitter.com/9ZHwKFJRm9 — CryptoZeno (@CrypZeno) May 20, 2026 Analyst CryptoZeno said the one-year-plus holder metric has returned to a zone that, in past cycles, came just before major price climbs. Based on reports citing CryptoZeno’s analysis, similar readings appeared ahead of upside moves in 2013, 2016, 2019, and late 2022. When these holders are buying instead of selling, available supply tightens — and historically, that has not been a good time to bet on lower prices. A Key Technical Signal Flips Bullish The weekly Relative Strength Index for Bitcoin retested the 50 level this week, triggering a bullish read from crypto analyst Sykodelic. That retest came 105 days after Bitcoin’s weekly RSI fell into oversold territory — only the fourth time that has happened on record. Sykodelic noted that three of those four instances led to long-term price expansion. The one exception was 2022, when the FTX collapse dragged the market to new lows after an initial recovery attempt, and the RSI never managed to reclaim the 50 level during that move. This time, it did. The chance of new lows has become extremely slim. It has now been 105 days since the cycle low, in which the 1W RSI entered oversold… Only for the 4th time ever. The only time Bitcoin made new lows after 105 days after the bottom was in the last cycle. However, the RSI had… pic.twitter.com/ej7vReV8H6 — Sykodelic 🔪 (@Sykodelic_) May 20, 2026 Odds Of A Drop Below $60,000 Called ‘Extremely Slim’ Taken together, analysts say the data points away from a fresh breakdown. The combination of long-term holders accumulating near historical lows, a technical indicator flipping positive for the first time since February, and miner behavior consistent with past bottoms has analysts broadly aligned on one view. Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive Order The odds of Bitcoin falling below $60,000 again, Sykodelic said, have become extremely slim. Whether that confidence holds will depend on whether the market can avoid the kind of external shock — like a major exchange failure — that broke the pattern in 2022. Featured image from Yellow, chart from TradingView

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Crypto Horizon

Saylor Says Bitcoin Could Triple S&P 500 Returns: ‘We Expect 30%’
https://www.newsbtc.com/news/bitcoin-vs-sp-500-michael-saylor-bets-big-on-crypto-winning-long-term/

Michael Saylor is calling $60,000 Bitcoin’s floor. The Strategy co-founder made the claim during a Thursday appearance on CNBC’s Squawk Box, saying the asset is now entering what he described as a “spring phase” — backed by solid support levels and a favorable broader market environment. Related Reading: Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle? A Target Built On Bold Math Saylor’s confidence ties back to a specific projection he has held for some time: a 30% average annual return for Bitcoin. That number forms the backbone of his prediction that Bitcoin will hit $13 million by 2045, a figure he arrived at by modeling a 29% yearly return sustained over roughly 19 years. Among the forces he expects to drive that growth are institutional adoption, government-level treasury strategy, and Bitcoin’s fixed supply — factors he believes will pull capital away from gold and traditional financial markets. $MSTR Co-Founder @saylor explains why he thinks $BTC will outperform the S&P 500 over time:https://t.co/REOnScJVPZ — Squawk Box (@SquawkCNBC) May 21, 2026 The S&P 500, one of the most closely watched benchmarks in global finance, tracks 500 of the largest publicly traded companies in the US. It has delivered an average annual return of around 10%, making it a reliable standby for investors who want steady, long-term growth. Saylor is betting Bitcoin can do triple that — a claim he repeated plainly on Squawk Box: “We expect 30%.” Numbers Tell A Complicated Story The current numbers don’t immediately support his case. As of the time of his interview, Bitcoin was down 12% for the year while the S&P 500 had gained 8%, according to Google Finance. Saylor has long maintained that short-term swings don’t define Bitcoin’s trajectory, and he reiterated that position Thursday, pointing instead to what he sees as a building wave of regulatory and institutional support. Among the specific developments he cited was the CLARITY Act, which cleared the US Senate Banking Committee last week with bipartisan support after months of delays. He also pointed to upcoming innovation exemption guidelines from the US Securities and Exchange Commission aimed at allowing securities tokenization on crypto networks, calling it a potentially major development for the industry. Related Reading: Analyst Warns XRP Could ‘Shake Out’ Traders Before Major Breakout Looking Ahead To A Bigger Market Share Saylor has made similar predictions before. Earlier this year, he said Bitcoin would double or triple the S&P 500’s returns over the next four to eight years. His longer-range view sees Bitcoin eventually overtaking gold in total market value by 2035, pulling in fresh capital that was previously locked in conventional assets. Featured image from Unsplash, chart from TradingView

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Crypto Horizon

Bitcoin price record 90-day uptrend 'resembles bull market rally:' New analysis

https://cointelegraph.com/markets/bitcoin-price-record-90-day-uptrend-resembles-bull-market-rally-new-analysis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cointelegraph

Bitcoin Posts a Record 90-day Comeback as Analyst Questions BTC Bear Market

Bitcoin ticks boxes for a full bullish comeback as a 90-day BTC price rally makes history for uptrends that occur within a bear market.

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Crypto Horizon

Verus bridge exploiter returns $8.5M after bounty offer

https://cointelegraph.com/news/verus-bridge-hacker-returns-85m-eth-28m-bounty?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cointelegraph

Verus Bridge Hacker Returns $8.5M ETH, Keeps $2.8M as Bounty

The hacker behind the Verus bridge exploit returned $8.5 million, representing about 75% of the stolen funds, after the team successfully negotiated the recovery deal.