Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

As of May 11th, Bitget data shows WTI and Brent crude oil prices dropped $0.70 in a short window, now trading at $97.73/bbl and $101.84/bbl respectively.

On May 11th, data from HyperInsight monitoring shows ZEC declined today, with its 24-hour drop widening to 7% and the token currently trading at $569. Over the past hour, two large ZEC long positions on the Hyperliquid platform were closed in succession, with a total of approximately $28 million withdrawn. Among these, the on-chain "ZEC Long Whale" known as Loracle has been steadily cutting its position in large tranches since early this morning. In the 20 minutes before this report, it fully exited its $19 million ZEC long position, closing at $567—representing a roughly 46% gain from its entry price of $387. This trade locked in a total profit of $6.888 million. Another long whale (address: 0x76da69d942cfdba3483e2ea3f16a490e1b0889a3) boosted its position ahead of last night’s price dip, with a position size of roughly $8.9 million. However, it incurred losses this morning amid the ongoing downturn, triggering a stop-loss exit and resulting in a $328,000 loss. Relevant addresses

May 11 — Per official sources, Binance Wallet will distribute its Binance Alpha airdrop today, with trading set to launch at 9:00 UTC. Users holding at least 241 Binance Alpha Points may claim tokens on a first-come, first-served basis until the airdrop pool is fully distributed or the event concludes. Further details will be announced soon.

May 11th — Per Arkham Monitor data, prominent KOL "CBB" just deposited $2 million into HyperLiquid to fund his stock perpetual contract trading on tradeXYZ. His top position is a $20 million short on Micron Technology (MU), which currently has a $3 million loss. Since the portfolio’s all-time high 40 days ago, he has totaled losses of $14.49 million.

May 11 — moomoo, the overseas independent brand of Futu Holdings, announced today it has secured a Predictive Market Compliance License from a U.S. regulatory agency, becoming one of the first online brokers approved to offer “Event Contracts” trading to U.S. retail users. This move expands moomoo’s diverse investment product lineup and strengthens its proactive push into financial innovation and compliance as a global one-stop investment platform. With the approved license, moomoo plans to launch Event Contracts trading for U.S. users imminently, covering sports, economics, politics, culture, and other areas. Unlike traditional stock, options, or commodity trading, Event Contracts follow a “binary outcome” core logic: users profit by predicting the outcome of specific events. This translates real-world observations into investment decisions, providing a new tool for investing and hedging beyond traditional and crypto asset allocations. moomoo will strictly comply with the regulatory

BlockBeats reported on May 11 that CryptoQuant analyst Oro Crypto (@oro_crypto) noted Bitcoin’s Adjusted SOPR (aSOPR) has reentered a critical structural zone. Since May 1, the metric has stayed above 1 for 9 straight trading days, signaling the market is continuing to see profit-taking sell-offs. The aSOPR measures whether Bitcoin spent on-chain is sold at a profit or loss: a reading above 1 means spent BTC is, on average, sold for a profit; below 1 means sold at a loss. What makes this signal notable is its persistence. The 9-day streak cuts through noise, showing a meaningful shift in market structure. The last comparable streak of consecutive profit-taking was Oct 19–Nov 4, 2025, when BTC also saw back-to-back on-chain profit sales. From a market structure standpoint, this suggests Bitcoin is absorbing profit-taking selling pressure, and the price structure hasn’t immediately deteriorated—reflecting solid market resilience. This reading doesn’t necessarily signal a euphori