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Bitcoin falls below 79,000 dollars after peaking at 82,477
🚨 Bitcoin dropped below 79,000 dollars after testing 82,477. Market eyes if $BTC can reclaim and hold above 79,123. Continue Reading: Bitcoin falls below 79,000 dollars after peaking at 82,477 The post Bitcoin falls below 79,000 dollars after peaking at 82,477 appeared first on COINTURK NEWS .

CoinTurk News 2026-05-17 17:44
Bitcoin LTH Supply Climbs Back To August 2025 Levels As 316K BTC Move Into Strong Hands
Bitcoin’s latest on-chain picture is beginning to look less like panic and more like patience. Data from CryptoQuant, highlighted by crypto analyst Darkfost, shows that long-term holder supply has climbed back to 15.26 million BTC, returning to a level last seen in August 2025. The move comes at a sensitive point for Bitcoin, with the price still trying to build strength around $80,000 while traders are currently split between another breakdown and a recovery. Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months Long-Term Holders Add 316,000 BTC In 30 Days On-chain data tracked by CryptoQuant shows that Bitcoin’s long-term holder (LTH) supply has recovered to 15.26 million BTC, levels last seen in August 2025. However, the most important detail in the CryptoQuant chart is not only that long-term holder supply is rising but also the speed of the increase in the past month. LTH supply has grown by roughly 316,000 BTC over the past 30 days. That means more coins are aging into long-term holder status, which is a category used to identify investors who have held their Bitcoin for at least about six months and are less likely to react to short-term volatility. As shown in the chart image below, the green bars representing the 30-day change in LTH supply have increased into positive territory in recent weeks, which is a distinct reversal from the red distribution phase that dominated late 2025. At the end of November, the same 30-day metric showed a negative change of about 650,000 BTC, meaning a large amount of supply had moved out of long-term holder wallets during that period. That earlier phase coincided with a more vulnerable market structure as Bitcoin rolled over from its October 2025 all-time high and began a deeper correction. Bitcoin LTH Supply Change Darkfost also relayed this change to the earlier movement of 800,000 BTC from Coinbase. His point is that May 23 could become an important date for on-chain discussions, as those coins will officially cross the six-month threshold. Once that happens, then investors could see more commentary around how much of that supply is being reclassified into the hands of long-term holders. Bitcoin Showing Strength The long-term holder data also fits into a separate outlook from analyst Michaël van de Poppe, who noted that the market may be too focused on new lows. According to the analyst, Bitcoin’s 25% rebound from its recent lows, despite Middle East war concerns and a rise in yields, is a sign of resilience. In his argument, losing the 21-day moving average does not automatically mean Bitcoin must collapse into new lows, especially since the price is still holding above $76,000. Van de Poppe also compared Bitcoin against gold, saying the BTC/gold RSI has fallen to one of its lowest readings ever. However, previous low readings in the BTC/gold RSI did not happen during the start of a bear market but came during the beginning of stronger Bitcoin phases. Bitcoin Price Chart. Source: @CryptoMichNL On X A crash to new lows would require Bitcoin to invalidate the 200-week moving average, something that would break most cycle behavior outside extreme shocks such as the Luna and FTX collapses in 2022. Related Reading: Warren Zeroes In On Crypto Deal Structure As $75M Loan Draws Attention This does not mean that Bitcoin cannot test lower support. A move to $70,000 could still happen as a support test, but the difference is that he does not see new lows as the most likely outcome. Featured image from Unsplash, chart from TradingView

NewsBTC 2026-05-17 17:00
Old bitcoin wallet moves 500 BTC as price drops 3 percent
🚨 A dormant wallet just moved 500 BTC, and $BTC swiftly lost 3 percent in value. Most old wallet transfers go through OTC deals, not exchanges. Continue Reading: Old bitcoin wallet moves 500 BTC as price drops 3 percent The post Old bitcoin wallet moves 500 BTC as price drops 3 percent appeared first on COINTURK NEWS .

CoinTurk News 2026-05-17 16:53
Bitcoin’s DeFi market at $5 billion as VerifiedX launches
🚨 Bitcoin’s DeFi market stands at $5 billion as VerifiedX launches a new sidechain. VerifiedX aims to enable direct, programmable use of $BTC assets without third parties. Continue Reading: Bitcoin’s DeFi market at $5 billion as VerifiedX launches The post Bitcoin’s DeFi market at $5 billion as VerifiedX launches appeared first on COINTURK NEWS .

CoinTurk News 2026-05-17 16:05
Bitcoin Holds $78K Support as Traders Watch for Breakout Toward $80K
Bitcoin traded in a narrow consolidation range on May 17 as traders monitored whether support near $77,700 could stabilize the broader bullish structure after the recent pullback from the $82,800 high. Market data showed BTC holding above the critical $78,000 zone while mixed technical indicators across multiple time frames reflected cautious sentiment and weakening bearish

Bitcoin.com 2026-05-17 16:00
$1.5B stablecoin inflow hits Binance – But will Bitcoin actually benefit?
Traders rapidly repositioned stablecoin liquidity on Binance as Bitcoin’s repeated volatility swings weakened stronger market conviction.

AMB Crypto 2026-05-17 16:00
Harvard cuts stake in BlackRock’s BTC ETF as crypto deleverage extends into Q1
Harvard University’s endowment fund decided to reduce its investment in crypto ETFs. The first quarter of 2026 saw some massive slashing. The fund fully exited from its Ether ETF position. However, it also cut its stake in BlackRock’s linked BTC ETF by around 43%. Fresh SEC 13F filings show Harvard Management Company lowered its holdings in iShares Bitcoin Trust (IBIT). It axed 3,044,612 shares (approx. worth $117 million) of its holding. This comes in when Harvard has already slashed its position by 21% in Q4 of 2025. Harvard exits BlackRock ETH ETF The global crypto market has seen a dip over the last week. Its cumulative cap hovers around $2.6 trillion. Bitcoin price has dropped by more than 3% in the past 7 days. Ether price slumped by almost 6% in the same period. Data shows that Harvard completely exited its position in BlackRock’s Ether ETF. It eliminated exposure of about $86.8 million. This signals how some institutional investors are continuing to reassess their allocations in the market. A 13F filing only shows that positions held on the final day of the quarter, but it does not reveal when trades actually occurred. This suggests that Harvard could have sold its position over several weeks or in a single transaction closer to quarter-end. Spot Ether ETFs reportedly recorded more than $255 million in weekly net outflows. Ethereum has also continued to underperform Bitcoin on a relative basis. BTC price surged by more than 3% over the last 30 days. On the other hand, ETH price dipped by 7% in the same period. Bitcoin is trading at $78,378 at the press time. Ether slipped below the $2,200 mark. Harvard sells, Mubadala buys Bitcoin ETF saw a constant demand despite some outflow periods. IBIT still remains the largest spot BTC ETF by assets under management. Last week saw $1 billion flowing out of the Bitcoin ETFs. While Harvard was reducing positions, other major institutions moved in the opposite direction. Abu Dhabi sovereign wealth fund Mubadala Investment Company increased its IBIT holdings. The fund boosted its position to hit over 14,721,917 shares (approx worth around $566 million). It went up from about 12.7 million shares reported at the end of 2025. Harvard’s endowment manages nearly $57 billion in assets. However, it has come under leadership transition discussions. N.P. Narvekar, the CEO of Harvard Management Company, has reportedly discussed plans to retire later in 2027. The next round of SEC filings is due in August. That will likely provide a clearer picture of whether the Q1 sell-off represented a temporary rebalance or there is something else going on. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

Cryptopolitan 2026-05-17 15:41
This Bitcoin halving signal hints at imminent BTC crash
Bitcoin ( BTC ) may be nearing a major turning point after a historical halving-cycle signal resurfaced, raising the risk of a sharp market correction. According to an analysis by TradingShot shared in a TradingView post on May 15, Bitcoin has now completed 760 days since its April 2024 halving event, a timeframe that has historically coincided with major market downturns. Previous cycles show that once BTC reached the 760-day mark after a halving, the asset experienced an immediate decline that eventually led to a broader bear market phase. Bitcoin price analysis chart. Source: TradingView Similar patterns emerged after the 2012, 2016, and 2020 halving cycles, with Bitcoin forming a market top before entering steep corrections shortly after the 760-day signal appeared. Those declines later evolved into a “bottom process,” where the market established a long-term base before starting a new bullish cycle. The analysis also highlighted Bitcoin’s relationship with the 0.618 Fibonacci time level between halving cycles. Historically, the 760-day signal has appeared before this key timing level, except in 2014 when it aligned exactly with it. For the current cycle, the 0.618 Fibonacci level is projected around October 2026, a period that could coincide with a broader bear market phase and potentially mark Bitcoin’s next major cycle bottom. The chart pattern further suggests Bitcoin may already be shifting from a topping phase into the early stages of a correction, with a projected curved path pointing to a possible decline before a longer-term recovery begins. Bitcoin network is showing increased strength Interestingly, this outlook comes as Bitcoin’s on-chain activity shows renewed strength, a trend that has historically aligned with the end of local bottoms and the return of stronger market conditions. Specifically, data from Glassnode’s Vector framework shared on May 15 shows Bitcoin network growth rapidly approaching the key 60 level, a threshold that previously coincided with strong BTC rebounds. #Bitcoin network activity is rebounding fast. Historically, surges in Network Growth above the 60 level have coincided with the end of local bottoms and the return of stronger market conditions. Our Vector framework shows #BTC is now approaching that same inflection zone.… pic.twitter.com/WZbmZsdBW0 — glassnode (@glassnode) May 15, 2026 After falling into a “weak activity” phase during the recent correction, the indicator has now turned sharply higher, signaling recovering user participation and transaction demand. Similar spikes in network growth were seen near the end of bearish phases in 2021, 2022, and 2024, often preceding renewed bullish momentum. A breakout above the 60 level could reinforce the view that Bitcoin is forming a local bottom and preparing for another upward move. Bitcoin price analysis Meanwhile, the cryptocurrency has pulled back from recent highs near $82,000 after a consolidation phase influenced by macroeconomic factors, including bond yields, inflation data, and geopolitical developments. By press time, Bitcoin was trading at $78,362, up about 0.5% in the past 24 hours. On the weekly chart, the asset remains down over 3%. Bitcoin seven-day price chart. Source: Finbold Analysts see $80,000–$83,000 as a key resistance zone near the 200-day moving average ( MA ). A decisive breakout above this level could push Bitcoin toward $85,000–$88,000, while stronger momentum may support a move to $90,000–$100,000 later this year. On the downside, immediate support lies around $77,500–$78,500, with deeper floors near $75,000 and $71,000–$73,000 if selling pressure intensifies. Despite recent volatility, the broader market structure remains intact as bulls continue defending higher lows. The post This Bitcoin halving signal hints at imminent BTC crash appeared first on Finbold .

Finbold 2026-05-17 15:11
Bitcoin’s Fall To $78K Could Be A Bear Trap — Here’s Why
After springing back to life on the back of positive CLARITY Act development, the price of Bitcoin has been relatively quiet over the past few days. The premier cryptocurrency, which had been dancing around $82,000, is now barely above $78,000. According to a crypto trader on the social media platform X, the latest decline in Bitcoin’s price might not be what it seems and could be a fakeout. Divergence Between BTC Price, Open Interest Suggests Imminent Reversal Pseudonymous crypto pundit Cryptic Trades took to the X platform to share an interesting take on Bitcoin’s recent price decline. The market analyst posited that a combination of on-chain signals points to the formation of a trap for BTC short-position traders. Firstly, Cryptic Trades highlighted a divergence between Bitcoin’s price and the Open Interest metric, which measures the total number of outstanding derivative contracts for a cryptocurrency. While BTC’s price fell towards $78,000, the Open Interest metric has been on an upward trend. Related Reading: Is Zcash The Next Bitcoin? Investors Rush Into The Privacy Coin Narrative Typically, when price and Open Interest move in opposite directions, it means that a trend reversal (a return of bullish momentum, in this case) might be imminent. The trader also noted that the Funding Rates have been negative, which correlates with the ongoing divergence between Bitcoin’s price and Open Interest. The Funding Rates, which measure the periodic fee paid by short traders to long traders, or vice versa, are usually negative when bears are in control of the market (and are the ones making the payment). Cryptic Trades noted that negative Funding Rates suggest the bears are “doubling down” on their positions and continuously betting against the flagship cryptocurrency. “It also shows that even though the market structure remains intact, bears are shorting as if a breakdown already happened,” the crypto trader explained. According to Cryptic Trades, the confluence of these signals is how bear traps are formed, and that could be the current situation for Bitcoin. A bear trap is a deceptive price pattern that typically involves a drop in an asset’s value (often beneath a support level), tricking market participants into believing that a new downtrend has begun. It’s also important to note that extremely negative Funding Rates have often preceded a phenomenon known as a “short squeeze,” in which an asset’s price is driven higher by the forced closure of short positions. Hence, investors might want to exercise caution when entering any position at this juncture. Bitcoin Price At A Glance As of this writing, the price of BTC is around $78,130, reflecting an over 1% decline in the past 24 hours. Related Reading: Why Bitcoin Price Could Be Forming A Consolidation Structure Around $80,000 Featured image from Shutterstock, chart from TradingView

NewsBTC 2026-05-17 15:00
Bitcoin drops below $79,000 after testing $82,000 high
🚨 Bitcoin plunged below $79,000 after reaching $82,000 highs. Movements in $BTC tracked U.S. Continue Reading: Bitcoin drops below $79,000 after testing $82,000 high The post Bitcoin drops below $79,000 after testing $82,000 high appeared first on COINTURK NEWS .

CoinTurk News 2026-05-17 12:53
Strategy Eyes $1.5 Billion Buyback Deal as It Builds Toward 1 Million Bitcoin Reserve
Strategy is doubling down on its Bitcoin-first strategy with a major $1.5 billion debt buyback plan.

ZyCrypto 2026-05-17 12:38
Bitcoin: Can the Fed’s $26.3B liquidity injection stop BTC’s $60K retest?
Rising liquidity meets a fragile Bitcoin market.

AMB Crypto 2026-05-17 12:00

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