🔥 ETH: Up 58% ... But

$BTC.X ( ▼ 0.84% ) hit $107K, and BSC network now leads DEX volume with $4 billion/day. Meanwhile, $ETH.X ( ▼ 4.09% ) looks tired after Pectra upgrade - but cooling signals are worth watching.

Here’s what we got for you today:

• ⭐ 5 Things You Shouldn’t Miss

• 💵 Don’t Just Watch the Price – Follow the Money!

• 🤡 Meme Of The Day

⭐ 5 Things You Shouldn’t Miss

🟢 Bright Monday morning with green covering the market. $BTC.X ( ▼ 0.84% ) has surpassed the $107K mark this morning, leading the way for the rest of the market to follow. This rally mainly revolves around a few sectors: AI Agent Launch Pad, Meme coins & DeFi. On Binance's top gainers list, standout performers include: $NEIRO.X ( ▲ 1.96% ) , $EIGEN.X ( ▼ 3.2% ) , $VIRTUAL.X ( ▲ 1.3% ) …

🤔 Nicolas Kokkalis, ‘father’ of Pi Network, finally broke years of silence at Consensus 2025 - but left the community disappointed. After all, millions have been mining $PI.X ( ▼ 3.74% ) on their phones since 2019, waiting for it to “go live”. But he just delivered a vague speech with no timeline. This triggered backlash across social media, and $PI.X ( ▼ 3.74% ) 's price tanked 58%, dropping from $1.24 → $0.72 in just a few days. Ouch.

🚨 $BLUM.X ( 0.0% ) co-founder Vladimir Smerkis — incubated by Binance Labs — was arrested in Moscow on large-scale fraud charges, reportedly tied to his earlier projects (The Token Fund, Tokenbox). Blum rushed to distance itself from Smerkis. The team posted on X that he’s no longer involved in the project — not as CMO, not as co-founder. Airdrop was promised… and delayed… and delayed again. Still no token.

🚀 With 71% of Binance Alpha tokens debuting on BNB Chain, BSC network now dominates DEX volume with 4 billion USD/day, officially surpassing Solana & 3 times higher than Ethereum. Since launching its 15-point deduction mechanism on May 7, Binance Alpha has seen trading volume triple, now reaching $900 million daily, with 80% of that volume in BSC tokens.

👮 Remember that wild moment in Jan 2024 when the SEC’s X account suddenly announced Bitcoin spot ETFs were approved — only for it to be fake? That chaos pumped $BTC.X ( ▼ 0.84% ) by $1K, then crashed it $2K when the truth came out. Well, Eric Council Jr. just got 14 months in prison + 3 years of supervised release for helping make that happen. The FBI called it a “calculated crime”. Just one tweet — even a fake one — can move billions.

💵 Don’t Just Watch the Price – Follow the Money!

$BTC.X ( ▼ 0.84% ) is approaching its previous highs — not just because of price action, but because real capital inflow is stronger than ever. While many keep asking “Why isn’t BTC going up yet?”, just a few notice that real money has been rising for 4 consecutive weeks.

1️⃣ Realized Capitalization Hits All-Time High

Bitcoin’s realized capitalization just broke its record again. For the fourth straight week, the total value of all UTXOs is now at $906 billion as of May 18, up from $891.6 billion just 10 days earlier. That’s a 1.61% increase, driven by the ton of new capital entering the market.

More buyers + higher purchase prices = higher Realized Cap.

2️⃣ Price Action: Sideways but Strong

Bitcoin has been moving sideways for the past 10 days around the key resistance level of $104,731. This suggests a phase of accumulation — price isn't breaking out yet, but capital keeps flowing in.

→ If BTC breaks through this level, the next target is $107,757.
→ And beyond that, it could be aiming for a new ATH.

3️⃣ Who’s Buying? Whales & BlackRock

Mid-size whales (100–1,000 BTC) have added 122,000+ BTC in 10 days (+2.2%) — a significant move for large holders.

BlackRock ETF also quietly added 10,000 BTC, increasing holdings by 1.66% (from 621.6k → 631.9k BTC).

Abu Dhabi's Mubadala Investment Company increased its IBIT holdings to $408 million, reflecting confidence in Bitcoin's long-term value.

Other ETFs are mostly flat or slightly trimming for profit-taking.

The Japanese investment firm Metaplanet is also doubling down on Bitcoin in a big way. It just bought another 1,004 BTC. On May 19, they spent $104 million to scoop up 1,004 BTC, pushing their total stash to 7,800 BTC — that’s about $712.5 million at their average buy price of ~$97,182 per coin. It’s their 2nd big buy in May alone. Just a week earlier (May 12), they grabbed 1,241 BTC, which helped them leap past even El Salvador in total holdings.

Oh, and guess who else might be back in the market soon. Michael Saylor - Strategy CEO - just hinted at more BTC buys.

BTC hasn’t made a big move yet, but heavy accumulation is happening behind the scenes. Capital inflows remain strong even during sideways price action — This is a classic accumulation-before-breakout setup.

If money keeps flowing in like that, why are altcoins still dropping?

🤡 Meme Of The Day

We read your emails, comments, and poll replies daily

Hit reply and say Hello – we'd love to hear from you!

Like what you're reading?

If yes, you'll love what’s happening inside The Crypto Fire Telegram version - our Telegram group where is no hype, no pressure. Just real conversations, insights, latest news, more trading analysis, entry,... and a few memes along the way. Jump in here → t.me/TheCryptoFireTG

And if you’ve got a friend deep in crypto (or just getting started), feel free to forward this to them. They can sign up here.

Cheers,

The Crypto Fire

This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.