A whale sold 255 BTC and shorted BTC and ETH with 10x leverage

May 22: Coinglass data shows that as Bitcoin holds steady, funding rates across major centralized (CEX) and decentralized (DEX) crypto exchanges are reflecting softening bearish market sentiment. BlockBeats Note: The funding rate is a mechanism cryptocurrency exchanges use to keep perpetual contract prices aligned with the underlying asset’s value. It is a fee exchange between long and short traders—exchanges do not collect this amount. The rate adjusts the cost or profit for traders holding contracts, ensuring contract prices stay close to the actual asset’s market price. To contextualize: A 0.01% funding rate is the baseline. When the rate exceeds 0.01%, it typically signals broad bullish sentiment. When it drops below 0.005%, it generally points to widespread bearish sentiment.

May 22 – Per Bitget market data, Hong Kong’s stock market AI applications sector continued to strengthen. Wisdom Power International (02513.HK) surged over 30%, MINIMAX-W (00100.HK) rose more than 20%, while UDrive Innovations (02431.HK) and DeepBlue Technology (06682.HK) also joined the rally.

On May 22, according to Bitget market data, Situational Awareness LP—owned by 25-year-old Wall Street AI stock guru Leopold Aschenbrenner—made its first net purchases of holdings in Q1 2026, triggering modest after-hours gains for the following stocks: T1 Energy (TE) rose 1.03% to $8.81, while HIVE Digital (HIVE) climbed 2.34% to $3.94. Both companies are currently operating at a loss and carry negative P/E ratios, defined as total market value divided by the sum of their most recent four quarters’ net profits.

May 22, per Bitget Market Data: The U.S. storage sector posted substantial gains, while after-hours trading saw mixed results for key stocks in the group. Micron Technology (MU) edged down 0.11%, SanDisk (SNDK) slipped 0.47%, Western Digital (WDC) ticked up 0.49%, and Seagate Technology (STX) advanced 0.57%.

May 22: Per data from Greeks.live, a total of 21,000 Bitcoin (BTC) options expired today. The put-call ratio for these contracts hit 0.66, with a maximum pain point of $78,500 and a notional value of $1.6 billion. On the Ethereum (ETH) side, 129,000 ETH options are also set to expire today, carrying a put-call ratio of 0.92, a maximum pain point of $2,200, and a notional value of $2.8 billion. Adam, an analyst at Greeks.live, noted that Bitcoin wrapped up a month-and-a-half-long rebound this week, though on-chain support for the asset remains strong. The broader market has stayed relatively quiet with low investor attention so far this period. Notably, less than 5% of both BTC and ETH options are expiring this week—delivery volumes are light on both fronts. For BTC, the small delivery volume paired with the maximum pain point being close to the current price means the gamma/pin effect will be more pronounced around expiry. ETH, meanwhile, is seeing half the delivery volume it had las

As of May 22nd, monitoring from LookOnChain shows trader Evaded (@ICanPlug) netted over $7.5 million in under four days via long positions on ZEC and HYPE. Today, he’s opened another 25x leveraged long position on ETH: totaling 18,100 ETH and valued at roughly $38.63 million.