song77

🚨 Why did Bitcoin dump hard today? 📉 $BTC first pumped hard to around $82K because traders got excited about positive crypto regulation news (CLARITY Act progress). But once that news actually moved forward, many traders started taking profits. This is what traders call “sell the news”. Price goes up on hype, then drops when the event actually happens. Then the second hit came. Markets were also expecting positive tariff news from the China summit, but Trump said there were no such discussions. That disappointed investors, US markets dropped, and crypto followed. So Bitcoin dumped because of profit-taking + bad macro news + panic liquidations. This is crypto. It moves fast 😅

$BILL is starting to look like the same trap I’ve seen so many times. How many times will you fall for the same script? $BILL follows the classic “New Launch Pump & Dump” manual, yet retail traders rush to “buy the dip.” Stop being the exit liquidity for whales and start trading like a pro! Most new coins that pump this hard do not hold those levels. They usually retrace heavily once the launch hype dies and early buyers start taking profits. What I’m seeing right now is weak bounce attempts getting sold into, which tells me sellers are still in control. Personally, I’d be very careful chasing this here. Not financial advice, but for me the risk looks more on the downside than upside at these levels.$LAB $RAVE

$RIVER is finally starting to pump. OI is growing slowly but surely. Good.$KITE

Theo, the on-chain analyst @ai_9684xtpa reports that a major investor shorted 300,000 HYPE tokens, increasing their short position in HYPE tokens tonight, raising the total token holdings to 375,033 tokens, valued at $16.02 million. The average opening price of the position is $43,298, yielding an available profit of $225,000.

According to the CEO of SharpLink, if the CLARITY Act is passed, market risk appetite recovers, and the tokenization process accelerates, then the price of ETH could increase.

According to reports from the US media, Senator Elizabeth Warren, a senior member of the Senate Banking, Housing, and Urban Affairs Committee, has officially written a letter to Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), calling on the agency to investigate World Liberty Financial, Inc. ($WLFI), a crypto company owned by the Trump family, to determine whether the company has deceived investors or violated securities laws. The letter reveals that in early April this year, WLF borrowed $75 million in assets (including $65.4 million in USD1 stablecoins and $10.3 million in USDC) by using approximately $440 million in collateralized lending protocol tokens through the decentralized lending protocol Dolomite. This move caused the WLFI price to plummet 10%, hitting an all-time low (ATL), and triggered severe liquidity issues on the Dolomite platform. Furthermore, WLF's subsequent announcement of a token unlocking plan (stipulating that initial investors could not sell their position tokens for at least two years) sparked strong opposition from investors. In her letter, Warren emphasized that "anti-fraud securities protections apply to all securities transactions and should not be limited by the technology or political context of the parties involved." Warren has requested an official SEC response to this investigation request by May 26, 2026.

On May 17, when Bitcoin dropped below $79,000, Polymarket's probability prediction that Bitcoin would fall to $75,000 in May rose to 54% (compared to 31% on May 15). Furthermore, the probability of it dropping to $70,000 is 17%, and the probability of it rising to $85,000 is 19%.

Look at $BTC After this weekend's long liquidation and $5 billion OI being sold off, venture investors have turned to short selling. Currently, there is $5,140,000,000 in short liquidation above. I wonder if these will be liquidated next week or if they will push the price even lower to trap more short orders? Bitcoin's price has now stabilized at 78K. It seems the US plans to further attack Iran's military infrastructure and eliminate nuclear remnants. Does this affect the market? Yes, I think this could push oil prices back up. Check the purple zone on the oil price that I pointed out.

The sharp decline in Bitcoin after failing to surpass the $82,000 mark on Friday, dropping below $79,000, reflects the movement of the US small-cap index, indicating that macroeconomic factors are the main drivers of this drop. The Russell 2000 index includes small and medium-sized enterprises with higher capital costs and greater sensitivity to interest rate fluctuations. Bitcoin's high correlation with this index shows that the market currently views Bitcoin as a risk asset rather than a safe haven asset. The Bitcoin perpetual contract funding rate shifted deeply negative on Thursday but remained near 0% on Friday, indicating a continued lack of leveraged buying pressure—this indicator has been below the neutral 6% threshold for weeks, and the attempt to break the $82,000 mark failed to boost market confidence. Macroeconomic pressures are mounting: the US-China summit disappointed the market by failing to reach any specific tariff agreements except a commitment to accelerate US agricultural exports over the next three years; meanwhile, the ongoing conflict with Iran continues to weigh on market sentiment, and Brent crude oil prices rose from $99 to $106 last week, exacerbating inflationary pressures. Furthermore, the inflation-adjusted Shiller price-to-earnings (P/E) ratio shows the S&P 500 index is now only about 5% below the peak of the dot-com bubble in January 2000, indicating a significant contraction in overall market risk appetite. However, a large-scale sell-off in the yield market could support Bitcoin in the medium term. The 10-year Japanese government bond yield has risen to its highest level in over 20 years, and yields have also increased to 3.18%, the highest in 15 years. Analysts believe that to counter recession risks, central banks may be forced to inject liquidity, and outflows from the yield market may eventually seek other asset allocation forms, among which Bitcoin is expected to benefit.

BITCOIN. $BTC BEARS ARE PUSHING HARD AT A CRUCIAL RESISTANCE LEVEL. BULLS NEED TO PUSH THE PRICE UP AND HOLD THIS LEVEL TO AVOID CONTINUING THE DOWNWARD TREND.

$OPG stock Triple bottom pattern Most believe the third time is always the lucky one 👌 About to rise higher, setting a bullish target of $0.35, $0.5, then $1

Nearly 70 senior officials and nominees in the Trump administration, accounting for over 20% of the total, have invested in crypto or blockchain-related assets, with the lowest disclosed value reaching $193 million. Trump himself holds at least $51 million, with Vice President Vance and several cabinet members also holding positions worth millions of dollars. The article also mentions that some individuals from the crypto industry have joined the Trump administration, the SEC has suspended lawsuits, and efforts are underway to promote strategic Bitcoin reserves and stablecoin legislation. The article further notes that critics are concerned about potential conflicts of interest and ethical issues.$BTC #TradeStocksOnOKX

On May 17, Lookonchain reported that a wallet (0x77a5) linked to the Trump family's crypto project World Liberty Financial sold 4870 ETH at an average price of $2178 about 8 hours ago. v$WLFI $ETH