Analysis: Bitcoin Touches 200-day Moving Average Resistance Before Reversing, Bearish Trend Still Intact
May 21st: CryptoQuant analysts noted Bitcoin reversed course after hitting resistance at its 200-day moving average, with its current trajectory mirroring the peak seen in March 2022. Back then, Bitcoin rallied 43% before hitting the 200-day moving average, then resumed its downtrend. Now that Bitcoin has broken above $80,000, overall demand has shifted into contraction mode. Speculative demand in perpetual futures flipped sharply; spot demand is shrinking at a faster pace; U.S. spot Bitcoin ETFs have also shifted to weekly net selling; and 30-day demand growth has dropped to a near-one-month low.
The lack of demand from U.S. investors has further amplified bearish sentiment. The Coinbase Bitcoin premium remained negative throughout the entire recent rally and pullback period, signaling U.S. institutional and retail buyers are still in a risk-off stance. The bull market score has fallen from 40 to 20, entering an extremely bearish territory—consistent with the deep bear market reading
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「Son of Wall Street Bets」 Leopold's newly added position continues to surge, with TE skyrocketing by 27.8%
May 21, per Bitget market data: Situational Awareness LP, the portfolio managed by 25-year-old Wall Street AI investing sensation Leopold Aschenbrenner, locked in its first net position purchase in Q1 2026 and delivered robust performance during today’s U.S. stock trading session. Key moves include:
- T1 Energy (TE) surged 27.8% to hit a current price of $8.8.
- HIVE Digital (HIVE) climbed 10.9%, now trading at $3.715.
For context, both companies are reporting negative earnings per share (EPS), a metric calculated as total market capitalization divided by the sum of their net profits over the most recent four quarters.
For full analysis, check out: https://www.theblockbeats.info/news/62449: Leopold’s Latest Position Breakdown: Why Is the AI Bull King Shorting NVIDIA?
16 minutes ago
Solana blockchain's custom stablecoin USDF is now live
Solana-based custom stablecoin USDF went live on May 20 as a collaboration between Coinbase and Flipcash. Leveraging Coinbase’s infrastructure for issuance, regulatory compliance, and settlement, USDF operates under Coinbase’s “Custom Stablecoins” program. This program allows enterprises and protocols to easily issue their own branded U.S. dollar-pegged stablecoins for use cases including payments, payroll, and cross-border settlements, while ensuring full adherence to regulatory standards.
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The Trump Gold T1 Phone Exposes User Data
On May 20th, Trump Mobile was hit by a major user data breach that exposed customers’ email addresses, mailing addresses, and other personal data. The compromised information remains accessible online as of now.
Per community feedback, buyers of the Trump Gold T1 phone received alerts from security researchers notifying them that their personal details are part of the leaked dataset. The leaked content covers nearly all basic identity information, with the only exception being credit card numbers.
Trump Mobile officials have so far stayed silent to both the media and affected customers. This lack of response further amplifies external doubts about the company’s product delivery capabilities and fundamental security standards.
The Trump Gold T1 project has been controversial since its launch last year. It originally promised to be “Made in America”, but later rebranded as “American Values Designed”. There have also been widespread suspicions that the phone is a rebranded older
16 minutes ago
Open Interest of ZEC Perpetual Contracts Skyrockets to Over $1.5 Billion, Coin Price Surges above $638
May 20th, data from Coinglass reveals the total open interest for ZEC futures contracts has surged past $1.5 billion, with a nearly 24-hour increase of 24.21%—pointing to a sharp spike in trading activity. A sharp uptick in open interest typically signals an impending major price move. HTX market data confirms ZEC has also broken above the $638 threshold, with its 24-hour price gain climbing to 13.5%.
16 minutes ago
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