Analyst: Bitcoin Has Lost Structural Bullish Momentum, Market in Risk-Off Mode
May 24: CryptoQuant analyst Axel Adler Jr. highlighted that Bitcoin has recently lost its structural bullish momentum, with the current market shifting toward a "risk-off" stage. He pointed out that BTC’s structural bullish momentum typically fades when the macro environment deteriorates rapidly—a major warning sign. Until the "Impulse" indicator climbs back above the zero line, all current BTC rebounds remain unconfirmed.
Right now, macro factors are dominating the market: the U.S. Dollar Index (DXY), 10-year Treasury yields, and the VIX volatility index are leading the charge. Adler noted that when the macro environment enters this "dominant mode," even relatively strong on-chain data can underperform temporarily. Additionally, data from the U.S. spot Bitcoin ETF dashboard shows 30-day fund flow momentum for these ETFs is at $362.8 million, a massive drop from the $13.21 billion peak set back in December 2024.
Traders should keep a close watch on the Coinbase Premium Index—it’s sti
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El Salvador Continues to DCA into Bitcoin: Accumulated an Additional 8 BTC in the Past 7 Days, Increasing Total Holdings to 7,661.37 BTC
May 24 — El Salvador added 8 Bitcoins over the past week, pushing its total holdings to 7,661.37 BTC, with a combined value of over $588 million, per data from its Ministry of Finance.
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China's AI Sector Received Over 110 Billion Yuan in Funding in the First Quarter, with Skyrocketing Investment in Domestic Large Models
May 24 — The artificial intelligence venture capital market in China has experienced a notable upswing recently, according to a report from CCTV Finance. This month alone, domestic large-scale AI models including Dark Side of the Moon and Step Sky secured more than 30 billion yuan in funding. Embodied intelligence has also become a key focus for investors, with firms like Wevity Dynamics and Lu Ming Robotics raising billions of yuan within a single week.
Venture capital figures show China recorded nearly 600 artificial intelligence investment deals in the first quarter, totaling over 110 billion yuan — a year-over-year surge of 185.4%.
After securing funding, most Chinese AI startups are allocating their capital to three primary areas. First is research and development: top large model companies plan to invest tens of billions in R&D by 2025, a sum that far outpaces their current revenue. Second is computing power, with GPU purchases and cloud service rentals making up 30 to 50% of t
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HYPE's Largest Long and Short Positions Face Off: A Whale's Long Position Enjoys Unrealized Gains of Over $33.3 million, While Loracle's Short Position Faces Unrealized Losses of Over $31.4 million
On May 24, monitoring by Onchain Lens shows HYPE surged past $63 to hit a brand-new all-time high. Whale address 0x082 holds a long position in HYPE, generating over $33.3 million in current unrealized gains. Meanwhile, Loracle (@loraclexyz) is now facing more than $31.4 million in unrealized losses from its short position on HYPE.
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Tom Lee: Further Upside Potential for US Stocks by Year-End, Overall Fundamentals Strong
May 24 — Tom Lee, chairman of BitMine (the largest Ethereum treasury), told CNBC in an interview that the U.S. stock market’s underlying fundamentals remain strong, showing resilience amid rising oil prices and climbing yields.
Lee noted the U.S. economy has unique strengths: leadership in AI technology, relative energy independence, and robust consumer resilience. “Compared to the start of the year, U.S. stocks still have significant upside potential by year-end,” he said. “We’ll need to digest some headwinds later this year, but fundamentals are healthy now and backed by corporate earnings.”
He pointed out that large IPOs from AI firms like OpenAI and SpaceX could generate a trillion-dollar wealth effect, boosting consumption and market momentum later this year. At the same time, Lee warned that a surge in major IPOs and lock-up expirations throughout 2024 will add extra supply pressure on U.S. stocks.
On the AI and semiconductor sectors, Lee clarified they are not in a bubb
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