🚨 $860M BTC Liquidated in 24H

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Congrats to all the Bitcoin holders who’ve had unwavering trust in BTC! Your patience is paying off, and this milestone is just the beginning. And one more thing: Binance just announced a discount that I bet you’ll love, especially now as the whole market is booming 💣

Here’s what we got for you today:

• ⭐ 6 Things You Shouldn’t Miss

• 🚨 The Largest Wipeout Yet: $860M Liquidated as $B …

• 🚫 Stop Following Narratives - Think Like the Big …

• 🤡 Meme Of The Day

⭐ 6 Things You Shouldn’t Miss

🚀 $XRP.X ( ▲ 7.01% ) finally be free! Ripple Labs and the SEC reached a $50M settlement, ending their long legal battle. $XRP.X ( ▲ 7.01% ) surged 9% following the news, as the settlement is much lower than the original fine.

🔀 Two "ancient" Bitcoin wallets from the Satoshi era – that have been completely dormant for over a decade – just made a massive move - a total of 3,422 $BTC.X ( ▲ 3.24% ) (around $325 million) just days before the Fed’s interest rate decision on May 8, 2025.

→ Could it be a sign of something big ahead? Yes, $BTC.X ( ▲ 3.24% ) surpassed $104K for the first time in nearly 100 days, currently trading around $102K.

💰 Stripe has launched Stablecoin Financial Accounts, allowing businesses in 101 countries to manage funds in $USDC.X ( ▲ 0.0% ) and $USDB.X ( ▲ 0.73% ) stablecoins. This follows their $1.1 billion acquisition of Bridge.

⛽️ Binance Wallet & Binance Alpha BSC Gas Fees just dropped 10X, from 1 Gwei to 0.1 Gwei, with higher fees during network congestion, making CZ's proposal attractive for DeFi and gaming sectors.

🔓 ZachXBT reported $45 million stolen from Coinbase users last week, contributing to $330 million in annual losses. These scams are believed to involve North Korean hacking groups.

🔐 Alex Mashinsky, founder of Celsius Network, was sentenced to 12 years in prison for securities and commodities fraud. His actions caused billions in losses, while he personally gained over $48 million.

🚨 The Largest Wipeout Yet: $860M Liquidated as $BTC.X ( ▲ 3.24% )  Hits $104K

Bitcoin has officially broken past $100,000 and while that’s a huge win for the bulls, the celebration came at a cost. In just 24 hours, over 190,000 traders were liquidated, racking up $970 million in losses - mostly from short positions. Yeah, it was brutal. In fact, this was the largest liquidation event since 2021.

1️⃣ Bitcoin Just Pushed Past $100K - Here’s Why: On May 8, Bitcoin hit $104,000, the highest it’s been in over 3 months.

Why?

• U.S. political and trade developments: Trump hinted at a new UK trade deal and upcoming talks with China (May 10 in Switzerland).

• Fed kept interest rates steady, matching market expectations.

• S&P 500 and Dow rallied: +1.47% and +500 points respectively.

• Sentiment flipped bullish fast, leading to massive short liquidations.

$BTC.X ( ▲ 3.24% ) is up 10% in just 14 days, reaching $103,100 — within striking distance of the ATH at $109,354.

2️⃣ $836 Million in Shorts Liquidated – But That’s Just the Start

According to CoinGlass, $836M of the total $970M liquidations came from short positions — the largest short wipeout since 2021.

→ This doesn’t even include full data from Binance, so real losses may be even higher.

Meanwhile, open interest (OI) in put options for May–July totals $8.3B - but 97% of these puts are below $101K, which means if BTC stays above that level, most will expire worthless.

3️⃣ Rising Long Positions = Risk of a $2B Long Squeeze

Here’s where things get risky. As traders piled into long positions after BTC cleared $100K, a new danger emerged.

• If Bitcoin dips below $100K, it could trigger liquidations of nearly $2 billion in long positions.

• If BTC falls to $98,000, liquidation volume could spike to $3.45B.

This could set off a long squeeze — forced selling from over-leveraged longs, accelerating price drops in a panic.

4️⃣ Futures & Options Tell a Bullish Yet Fragile Story

Bitcoin futures open interest (OI) hit a record high of $67.4B. Historically, OI above $65B has preceded sharp market corrections.

Bitcoin put (sell) options open interest for May-June-July, USD notional - Source: Laevitas.ch

The short side isn’t gone either — $69B in BTC futures OI still includes significant short positions.

Traders are deploying bullish options strategies like:

• Bull Put Spreads (e.g. Sell $100K put, buy $95K put)

• Bull Call Spreads

• Bull Diagonal Spreads

These strategies reflect expectations that BTC will stay above $100K. They can also fuel further price growth if successful, especially as May–June expirations approach.

5️⃣ Regulation and Institutional Activity Support the Rally

Recent regulatory wins and institutional adoption are reinforcing bullish sentiment:

• Two U.S. states legalized BTC reserves.

• Missouri’s Bill 594 removes capital gains tax on BTC.

• OCC confirmed banks can:

  • Trade crypto for clients.

  • Outsource custody.

• FDIC guidance allows crypto-related banking services.

Meanwhile, Spot Bitcoin ETFs are seeing strong inflows, and public companies are:

• Increasing BTC treasury allocations.

• Actively purchasing Bitcoin on the open market.

6️⃣ But Let’s Not Ignore the Risks

Despite the euphoria, there are clear warning signs:

• Extreme leverage across futures and options markets.

• Open Interest hitting record highs.

• A small price pullback could lead to billions in forced liquidations.

We’ve seen this before. Every time OI crosses $65B, a correction follows.

7️⃣ Will BTC Hit a New All-Time High?

With BTC now stabilizing above $100K, traders are watching for a potential breakout:

• $105K may be the next level to trigger short covering.

• This could push Bitcoin toward a new ATH above $109,354.

• Standard Chartered forecasts BTC could hit $120,000 in Q2 2025.

Bitcoin is clearly in a bullish phase, but heavily leveraged markets make it fragile. If BTC holds above $100K, bullish option strategies and institutional flows could drive the next leg up.

But if the market slips?
We could expect a long squeeze, panic selling, and multi-billion-dollar liquidations.

🚫 Stop Following Narratives - Think Like the Big Funds

You’ve probably heard things like:

“Split your portfolio into 2 or 3 parts,”

“When’s altcoin season coming?”

Or even, “Oops, bought the top…”

These are signs of uncertainty. Meanwhile, some people out there are quietly doubling or tripling their accounts. So what’s the difference?

👉 The truth? Following popular narratives doesn’t always make you money. Sometimes, going against the crowd - like major investment funds do - is the real alpha.

1️⃣ Crowd Psychology & the Narrative Trap

While everyone’s busy talking about AI, memecoins, or whatever’s trending on X or TikTok, the real opportunities are often forming before the hype even starts.

Here’s how big funds like a16z, Binance Labs, or Paradigm operate:

• They invest early.

• They shape the story through media and influence.

• Then they use tokenomics to drive price action once the crowd catches on.

💡 A perfect example: $FET.X ( ▲ 15.13% ) (Fetch.ai)

• In Q3 2023, when few were talking about AI, smart money entered $FET.X ( ▲ 15.13% ) at ~$0.4.

• By March 2024, it hit $3.47 - up over 660%. This is one of the times when many AI tokens also created a bullish momentum right in March: $TAO.X ( ▲ 7.38% ) , $NEAR.X ( ▲ 16.91% ) , $RENDER,...).

• Once that happened, AI trends exploded on social media. CoinGecko even noted AI-related interest rose from 11.32% in 2023 to 12.58% in 2024.

• But after the hype? A brutal drop. Many AI tokens — even those backed by major funds like a16z — are now down 80–90% from their peak.

👉 Moral of the story: If you’re hearing about it everywhere, you’re probably late.

2️⃣ Contrarian Strategy - Go Where Others Aren’t

While social media screamed about memecoins and Ethereum narratives, over $50B in capital between 2022 and 2025 quietly flowed into DeFi, RWA, and blockchain services.

This shows a disconnect between capital flows and media narratives.

Change from within the game - Funds don't chase hype, instead they:

• Analyze market sentiment based on online stories.

• Go against the trends that most investors are following, thereby creating FOMO and pushing strong cash flow.

🎯 Example: $OP.X ( ▲ 17.47% ) (Optimism)

• Late 2022: Crypto Twitter was busy with BTC halving hype and memecoins.

• Meanwhile, $OP.X ( ▲ 17.47% ) quietly dropped to ~$0.85, under everyone’s radar.

• Not long after, a16z announced plans to build on Optimism.

• Boom - price surged over 470% to $4.84.

And just when the public caught on? Optimism announced a private $89M token sale. Retail bought the news… while the smart money was already exiting.

3️⃣ How to Spot Trends Like a Fund Manager

Want to invest like the big players? Here’s a playbook:

🔍 Track Research-Driven Trends

• Subscribe to Binance Research emails for deep-dive trend reports (AI, DePIN, RWA…)

• Set Google Alerts like “Binance Research AI” to get real-time updates.

📊 Act Fast on Trend Signals

• If you see 2 - 3 articles on a narrative within a week, it’s heating up.

• Scan related coins, analyze tokenomics, look at who’s funding them.

🐦 Use X (Twitter) Like a Pro

• Create lists: one for KOLs, one for research accounts.

• Turn on notifications so you catch trends early - not when they’re already viral.

🧠 Use Smart Tools

• Use Santiment to track social volume + sentiment shifts.

• Use CryptoRank or Crypto Fundraising trackers to follow where funds are putting money.

🚫 Don’t FOMO

FOMO is a trap. When trends hit peak exposure, funds often rotate into the next one.

📉 Example:

• $GRASS.X ( ▲ 5.64% ) pumped 457% just 12 days after listing.

• Everyone jumped in → DEPIN trend exploded… then quickly faded.

• $NODEPAY (a mix of DEPIN + AI) launched in early 2025 - hyped but underperformed.

• Meanwhile, the new AI Agent narrative took over - $GRIFFAIN.X ( ▲ 36.66% ) +2292%, $SWARMS.X ( ▲ 27.94% ) +2851% in early 2025.

Trader Take

The market’s changed. It’s no longer the same as previous cycles.

Don’t wait for altcoin season — create your own.

And never just look at what’s in front of you. Look for what others haven’t seen yet. That’s where the real edge is.

🤡 Meme Of The Day

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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.