buy

Glassnode's latest weekly report indicates that Bitcoin slowly climbed from $77,000 to $82,000 last week, with buying pressure continuing to support during the pullback, even as momentum began to cool near local highs. The spot CVD surged, reflecting strong bullish sentiment and a firm belief in price increases. Meanwhile, spot trading volume also increased, indicating that the recent price trend gained more support with heightened investor participation. However, the easing of price momentum suggests that buying and selling pressures are becoming more balanced, implying that the market may be entering a stabilization phase.The situation in the futures market is similar, with a rise in risk appetite. The increase in open interest indicates heightened speculative activity, with investors willing to take on more risk; the perpetual contract CVD surged, indicating sustained bullish momentum. However, the decline in long funding rates suggests a shift towards bearish sentiment, and bullish sentiment may have weakened.In the options market, the demand for downside protection has decreased, while open interest has increased, indicating a shift in market expectations towards neutral or slightly bullish. However, the volatility spread has surged significantly, indicating that the risks reflected in options pricing are much higher than the actual risks, reflecting a notable increase in participant uncertainty.In summary, supported by stronger on-chain activity, healthier profitability, and more stable holder positions, Bitcoin's market structure continues to improve. Although bullish sentiment is strengthening, the slowdown in capital inflows and cautious market sentiment suggest that the market remains sensitive to changes in risk appetite.

Tom Lee, co-founder of Fundstrat and chairman of BitMine, stated on the X platform that Ethereum's supply has been in a "deflationary" state over the past year, and the purchases and staking by Ethereum's crypto treasury company have further amplified this trend.

According to Onchain Lens monitoring, a giant whale spent 3.02 million USDC to buy 71,832 HYPE at a price of 42 dollars.

Bitfinex Alpha's latest report indicates that after entering May, BTC successfully broke through the dense selling pressure zone of $78,000 to $79,000, briefly approaching $83,000. This round of increase is mainly driven by spot demand rather than leveraged funds. Since May 8, the spot CVD (Cumulative Volume Delta) has significantly risen, showing that buyers are continuously taking orders and absorbing market supply.ETF capital inflows and public market increases have become the main driving forces, while long-term holders have now accumulated nearly 4 million BTC, marking the largest increase since the pandemic crash in 2020, which means that the circulating chips in the market are being further locked up. The market currently expects about a 94% probability that the Federal Reserve will maintain interest rates in June. In the context of macroeconomic uncertainty, institutional funds continue to position themselves in the crypto market.

According to The Block, Strategy's Executive Chairman Michael Saylor stated in an interview that even if the company occasionally sells a small amount of Bitcoin, it will quickly replenish it at a ratio of buying back 10 to 20 coins for every 1 sold, emphasizing that it should become a net accumulator of Bitcoin, holding more Bitcoin at the end of each year than at the beginning.Last week, Strategy mentioned in its earnings call that it would consider using its Bitcoin holdings to fund dividends for the STRC perpetual preferred stock plan, no longer viewing it as completely untouchable reserves.

According to Onchain Lens monitoring, the whale "0xc79" spent 5 million USDC to buy 2,153 ETH at a price of $2,322.This whale also holds 227 cbBTC (worth $18.68 million) and 5 million USDC, and may continue to buy more ETH.

The MegaETH Foundation announced that the MEGA token buyback plan has officially launched, and the first MEGA buyback has been completed, using funds from all net earnings generated by the issuer of USDm as of the end of April.The official emphasized that USDm is not issued or operated by the MegaETH Foundation or MegaLabs. The current supply of USDm is approximately $480 million, and future MEGA buybacks will be executed using a programmatic mechanism as much as possible, running automatically based on preset rules, rather than being timed by the foundation. The scale of funds available for each subsequent buyback is not fixed and will be influenced by changes in the supply of USDm and the yield of underlying reserve assets.

According to Lookonchain monitoring, a giant whale spent 7.15 million USDC 9 hours ago to buy 1515.5 XAUT at an average price of 4720 dollars.

According to market news, a giant whale started continuously buying sato three hours ago, with a total purchase of $325,000, an average purchase market value of $28.4 million, and an unrealized profit of $32,000.

According to Lookonchain monitoring, someone created a new wallet runecrypto.eth and spent 34.7 ETH to buy 375,046 sato, with an unrealized profit of $443,000.

According to on-chain analyst Ai Yi's monitoring, the whale nemorino.eth has started a new round of trading.12 hours ago, during the market decline, he bought 2,091.43 ETH on-chain at an average price of $2,386.78, worth $5 million. Currently, the ETH has been deposited in Spark to earn interest.

According to Cointelegraph, Bitcoin surged to a high of $81,300, resulting in weekly and 30-day cumulative increases of 5% and 21%, respectively. CryptoQuant data shows that, based on 30-day rolling data, long-term holders have net added 331,000 BTC, valued at approximately $2.67 billion at Tuesday's current market price. This accounts for nearly 1.6% of the total supply, indicating that accumulation has strengthened as prices rebound.Accompanying the rise in Bitcoin is a strong inflow of funds into U.S. spot Bitcoin ETFs, with a total net inflow of $1.18 billion over the past three days. On Monday, the net inflow was $532 million, indicating increased institutional interest in BTC. MN Capital founder Michael van de Poppe stated on X on Tuesday, "ETF inflows have returned to the market, and the market is turning upward towards Bitcoin." He added, "I expect more funds to flow in over the next few weeks, as there is currently high demand for ETFs."As previously reported, institutions are absorbing more than five times the daily newly mined BTC supply. The $84,000 region is a focal point for many traders, as this position coincides with the CME gap formed in early February. From a technical perspective, after the price broke above the upper boundary of $77,500, it has validated a bullish flag pattern on the daily chart. A daily closing price above the 200-day exponential moving average (EMA) at $82,000 will confirm the continuation of the upward trend, with a target of the bullish flag's measured target of $94,800, at which point the overall increase will reach 18%.A chart shared by crypto investor Cryptocupra shows that after the weekly MACD produced a golden cross, the macro bottom for Bitcoin may have formed, paving the way for further upward movement.

According to on-chain analyst @ai_9684xtpa, after the whale "set 10 big targets" and made a short profit of over 2 million dollars, it has now gone long with 46.1 BTC (3.63 million dollars), currently showing an unrealized profit of 74,000 dollars.

According to monitoring by Lookonchain, a smart money address 0x2daa spent 53.6 ETH (approximately $127,000) to buy 254,000 sato at a price of $0.5 after making a profit of about $1.3 million from trading $ASTEROID, becoming the second largest holder of sato on the Ethereum network.

According to Sonic Labs' official Twitter news, Sonic Labs has allocated $1 million for the repurchase of $S tokens on the Binance platform. These tokens will be deployed in batches for user guidance activities in collaboration with Binance.

According to Gelonghui, Buffett admitted in an interview that the current investment environment is not ideal, and the high market prices are one of the main reasons he is holding back. He also acknowledged that as he ages, the proportion of industries he can deeply understand is not as high as it was ten years ago—he no longer expects to have an advantage in areas where young people who have grown up with new technologies excel.Nevertheless, he emphasized that Berkshire has the ability to make quick decisions and can handle transactions of any size, but is just waiting for the right opportunity.Buffett stated that the most likely buying opportunity is when everyone else is not answering the phone. In his 60-year career, there may have only been five years that were truly "lucrative." He recalled the real Wall Street ecology during market crashes: everyone boasts about their excellent trading departments. But when the market crashes, good luck trying to reach them; they simply do not answer the phone. Even if they do answer, the quotes and asking prices come with various conditions, and the bid-ask spread is enormous.

Crypto analyst Murphy posted on the X platform that the holdings of new Bitcoin buyers have been steadily increasing recently, rising from a low of 3.38 million to 3.68 million.Although there is still a distance of over 1 million from the peak of the bull market, it at least indicates that as the macro environment improves, investors' risk appetite is gradually returning. Compared to the last cycle, this is roughly equivalent to the scale of new buyers in mid-August 2022. At that time, it was also in the latter half of a bear market. BTC rebounded from a low of $19,000 to $24,000 (a 26% rebound); this time, BTC rebounded from $62,000 to $79,000 (a 27% rebound); the situation is similar.However, the difference is that to hold the same amount of BTC, the money spent is 3-4 times that of the past, yet it still cannot stop so many strong new buyers from entering the market.

According to analyst Murphy, the on-chain holdings of new Bitcoin buyers (short-term holders) have continued to rebound, increasing from a temporary low of 3.38 million to 3.68 million.Although this scale is still over 1 million coins away from the peak of the last bull market, analysts believe that as the macro environment improves, investors' risk appetite is gradually recovering. From a historical cycle comparison, the current holdings of new buyers are roughly equivalent to the levels seen in mid-August 2022 (the latter half of the bear market). At that time, the BTC price rebounded from a low of about $19,000 to $24,000, an increase of about 26%; while this time, BTC rebounded from $62,000 to $79,000, an increase of about 27%, showing a similar rebound magnitude.It is worth noting that although the amount of capital required to accumulate the same number of BTC is now 3 to 4 times that of the past, there are still many strong new buyers entering the market. This phenomenon indicates that the market depth, capital capacity, and participant structure of Bitcoin have fundamentally changed, further solidifying its status as a mainstream asset.