Wintermute said Bitcoin’s latest rally has failed its first major macro test, arguing that the move was driven more by leverage and short covering than by durable spot demand. In its May 18 market update, the trading firm pointed to hot inflation, rising Treasury yields, ETF outflows and renewed rate-hike pricing as the backdrop behind a sharp reversal across digital assets. “Last week we said we’d find out fast what kind of rally this was. We found out,” Wintermute wrote. “BTC failed at the 200-day on the first real macro shock, which tells you it was the squeeze driving it all along.” The firm’s update framed the week as a macro-led repricing. April CPI came in at 3.8% year over year, above the 3.7% consensus estimate, while core CPI rose 0.4% month over month. Wintermute said the inflation shock has become harder for markets to dismiss, noting that the prolonged energy shock is now moving into core inflation and that real wages turned negative for the first time in three years. Rela
The crypto market is struggling during this midweek trading session in May 2020, 2026, with the Bitcoin price struggling to reclaim $78,000 after a $5,000 slump from $82,000 just last week. ETH USD is in a similar position, down -0.2% on the day but trading for $2,120, with analysts warning that a loss of $2,000..
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Bitcoin as a Strategic Asset: The U.S.-China Crypto Race
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Bitcoin price remained under pressure on Wednesday, but crypto analyst Ali Martinez believes the recent correction may actually be setting the stage for another rally toward $95,000 as key on-chain MVRV indicators begin flashing long-term accumulation signals. According to data…
Research firm K33 Research says the bitcoin bear market of 2026 is structurally different from previous cycles, with the February low near $60,000 likely representing the deepest pullback this downturn will produce. Bitcoin’s Downside Capped at $60K In a research note published this week, K33’s head of research, Vetle Lunde, argued that the conditions defining […]
Trump Media-linked Truth Social Bitcoin ETF, B.T. has asked the US Securities and Exchange Commission to withdraw its spot Bitcoin ETF registration, ending, at least for now, one of the more politically visible attempts to enter the already crowded US Bitcoin fund market. The withdrawal request, dated May 19, 2026, was addressed to the SEC’s […]
Ark Invest's strategic move into Bullish shares highlights a growing institutional focus on regulated digital assets, signaling confidence in crypto's future.
The post Ark Invest buys $4.4M in Bullish shares as stock rebounds appeared first on Crypto Briefing.
Data shows sentiment around Bitcoin among social media users has turned negative following the recent decline in the cryptocurrency’s price. Bitcoin Positive/Negative Sentiment Has Dropped Recently In a new post on X, analytics firm Santiment has discussed the latest trend in the Positive/Negative Sentiment for Bitcoin. This metric tells us whether the majority of social media comments aimed at a given asset are positive or negative. Related Reading: Solana Fails Channel Breakout—$78 Support The Next Destination? The indicator works by putting posts/messages/threads containing mentions of the cryptocurrency on the major social media platforms through a machine-learning model to separate between bullish and bearish comments. It then counts up the number of posts falling in each category and takes their ratio to determine the net situation. Now, here is the chart shared by Santiment that shows the trend in the Bitcoin Positive/Negative Sentiment over the past month: As displayed in the a
