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Bitcoin Falls Below $76K as $209M in Long Liquidations Hammer Traders
Bitcoin retreated Friday evening, falling to $75,120 per coin and marking a 2.8% decline over the course of the day. The daily decline added another bruise to what has already been a fairly miserable seven-day stretch, pushing weekly losses to roughly 5%. Bitcoin Loses Ground The $80,000 range once again appears increasingly distant, with bitcoin

Bitcoin.com 2026-05-23 04:25
BTC still fails to break 80,000 dollars as HYPE rallies
🚨 BTC is stuck below 80,000 dollars while HYPE surged past 60 dollars. Bitcoin’s weak momentum is matched by lagging action in $ETH and DOGE. Continue Reading: BTC still fails to break 80,000 dollars as HYPE rallies The post BTC still fails to break 80,000 dollars as HYPE rallies appeared first on COINTURK NEWS .

CoinTurk News 2026-05-23 04:05
Hope For Altcoin Season: The Bitcoin Move That Could Kickstart Everything
Altcoins have spent years losing ground against Bitcoin , and that has made the phrase “altseason is dead” one of the easiest claims in crypto. However, a market structure shared by Cryptollica on X suggests the story may not be that simple. The chart does not show strength yet, but it does show a familiar location where the alt dominance is currently positioned at a long-term bottom where previous rotations began. Altcoin Dominance Returns To The Floor Crypto analyst Cryptollica recently published a long-term look at altcoin dominance, specifically, the ratio of total market cap excluding the top 10 assets to Bitcoin. The chart stretches back to 2016 and points to two major alt rotation phases: the 2017 altseason and the 2021 altseason. The important thing from the analysis is that altcoin dominance has not simply been collapsing in a straight line. It has been moving inside a rising channel since 2017. The upper side of that channel touched the 2018 cycle top and the 2021 cycle top, while the lower side has acted as a long-term floor during periods of alt underperformance in comparison to Bitcoin. That compression is precisely where the market sits today. The current setup shows the ratio back near that lower boundary again. As shown in the chart below, the 2026 zone is another possible bottom, similar to the bottom that formed before the 2021 alt rotation. This is why the analysis challenges the idea that altcoins are dead. The Confirmation Layer Alt Bulls Still Need Bitcoin’s share of the total crypto market is currently at 59.9%, according to CoinMarketCap , and the Altcoin Season Index is at 38, which is well below the 75 threshold that would formally confirm an altseason. The numbers look discouraging. The move of an altseason will come from Bitcoin dominance rolling over. However, history shows that a stronger altcoin season argument needs more than a long-term floor on altcoin dominance. Two major confirmation signals came before the 2017 and 2021 rotations. The first confirmation signal was ETH/BTC bottoming before broader alt dominance. That first signal is not fully present yet. The second signal was stablecoin liquidity growing as Bitcoin dominance began to fall. However, liquidity alone does not create altseason, as it needs direction to flow into. Hence, the current setup of the altseason is not that of a dead one but more of a waiting room than a confirmed breakout. At the time of writing, the dominance index of altcoins excluding the top 10 altcoins is around 0.10 of Bitcoin’s market cap. The projection from crypto analyst Cryptollica sees the index breaking out and returning to the upper trendline. Such a move would put the total value of the altcoin market outside the top 10 anywhere between 0.6 and 0.8 of Bitcoin’s market cap.

Bitcoinist 2026-05-23 04:00
Bitcoin Traders Step Back In After Longest Deleveraging Since 2022
Bitcoin derivatives traders are moving back into the market after an eight-month deleveraging phase, according to CryptoQuant analyst Darkfost, with Binance futures open interest now back above its 180-day moving average. The shift suggests risk appetite is returning after one of the longest reductions in leveraged exposure since the 2022 bear market. Bitcoin Traders Are Returning Darkfost said the deleveraging period began after the October 10 event, as Bitcoin’s correction coincided with a worsening global macroeconomic and geopolitical backdrop. In that environment, traders reduced exposure across derivatives markets, with Binance futures activity showing a sustained contraction. “Since the October 10 event, Bitcoin has gone through a prolonged deleveraging phase across derivatives markets, represented here through Binance futures activity,” Darkfost wrote. “Following the October 10 event, combined with the deterioration in the global macroeconomic and geopolitical backdrop, traders largely opted to reduce risk. This deleveraging phase on Binance lasted roughly 8 months.” The analyst’s framework identifies deleveraging periods when open interest falls below its 180-day moving average. In market terms, that suggests futures activity is declining as corrections force liquidations, position closures and a broader reduction in investor exposure. For Bitcoin, the latest stretch was notable not only for its duration, but for how closely it resembled the setup seen in 2022 before the FTX collapse triggered another wave of liquidations. Related Reading: Bitcoin $78,000 Rebound Fizzles As Coinbase Premium Stays Red The turning point appears to have emerged in early May. Binance open interest has risen from $6.4 billion in March to roughly $8.96 billion, Darkfost said, moving back above its 180-day average of about $8.75 billion. That crossover matters because it signals that derivatives activity is no longer in contraction relative to its medium-term trend. “Since early May, however, the trend appears to be shifting,” the analyst wrote. “Binance Open Interest has risen from $6.4B in March to around $8.96B today, moving back above its 180 day average currently sitting near $8.75B. This effectively signals the end of the deleveraging period.” Related Reading: Wintermute Says Bitcoin Rally Was A Squeeze, Low $70,000s Loom The return of futures positioning has likely reinforced Bitcoin’s rebound from its corrective phase, according to the analyst. As open interest rises, more traders are deploying capital into directional and leveraged strategies, adding liquidity and potentially amplifying price moves. In this case, Darkfost argued that the renewed participation has “clearly contributed to the ongoing upward correction.” Still, the analyst stopped short of describing the move as a durable recovery. The distinction is important. A rise in open interest can mark renewed confidence, but it can also reflect short-term speculative positioning after a sharp drawdown. Darkfost framed the current move as a rebound trade rather than confirmation that Bitcoin has fully exited the pressure that began in October. “Despite a macro environment that has continued to deteriorate, Bitcoin’s sharp correction attracted more speculative traders looking to play a rebound,” he wrote. “That said, this trend remains highly fragile, and these traders could exit just as quickly as they entered if BTC resumes the correction that started back in October.” That fragility is the main risk in the setup. The same derivatives flows now supporting the rebound could reverse if spot momentum weakens or macro conditions deteriorate further. In that scenario, recently added leverage would become a source of downside pressure rather than support, especially if traders who entered for a rebound move are forced to unwind quickly. At press time, BTC traded at $77,479. Featured image created with DALL.E, chart from TradingView.com

NewsBTC 2026-05-23 04:00
SEC Puts Off Crypto Stock Plans—Bitcoin Drops Under $76,000
Bitcoin (BTC) and much of the broader crypto market fell sharply Friday evening after the US Securities and Exchange Commission (SEC) delayed a plan that would have provided broad exemptions for US crypto firms to trade tokenized assets tied to stocks. At the time of writing, Bitcoin was down to roughly $75,834, wiping out about $33.8 billion from its market capitalization. Ethereum (ETH) also slipped to around $2,000, with market cap losses of approximately $8.58 billion. Crypto Innovation Exemption Delayed According to Bloomberg, the SEC staff was preparing to release what it calls an “innovation exemption” for tokenized stocks as soon as this week, citing people familiar with the commission’s plans. Those sources said a draft framework had already been prepared and reviewed by staff, but the SEC’s timeline has been pushed back as the agency weighs input from stock-exchange officials who have held discussions with SEC staff over the previous few days. A key sticking point involves the proposal’s openness to trading so-called “third-party tokens.” These are tokens that could be issued without the backing or explicit consent of the public companies associated with the underlying shares. The SEC, the reporting notes, has not made any decision to alter its draft proposal, but the lack of finalization appears to be part of the reason the broader crypto market reaction came when the delay became known. Compliance Risks Mount Under the SEC’s proposal, crypto platforms that offer these tokenized products would have to ensure that token buyers receive the same rights as traditional shareholders. That includes entitlements such as dividends and voting rights. However, former regulators and market experts highlighted that it remains unclear how issuers and platforms would technically meet these requirements in practice when tokens transfer across pseudonymous blockchain networks rather than through conventional shareholder record systems. The reporting also suggests not all SEC officials agree with expanding the scope to allow third-party tokens. Among those weighing in publicly is pro-crypto Commissioner Hester Peirce. Peirce posted on X that she expects the innovation exemption to be “limited in scope.” She said it should “facilitate trading only of digital representations of the same underlying equity security that an investor could purchase in the secondary market today.” There are also compliance and security worries. One cited concern is that token structures could be exploited by bad actors operating overseas, using loopholes in blockchain and crypto-related processes to avoid regulatory oversight within the US. Featured image created with OpenArt, chart from TradingView.com

Bitcoinist 2026-05-23 03:04
Bitcoin tests 80,500 dollar resistance in early bull phase
🚀 Bitcoin is testing the 80,500 dollar resistance in a potential early bull market phase. 🟠 Recent charts show a head and shoulders pattern and record-low volatility in $BTC. 🟡 Gold has slowed while Bitcoin leads among safe-haven assets. 🧐 Key point: Market signals suggest a major move could be imminent. Continue Reading: Bitcoin tests 80,500 dollar resistance in early bull phase The post Bitcoin tests 80,500 dollar resistance in early bull phase appeared first on COINTURK NEWS .

CoinTurk News 2026-05-23 02:38
Bitcoin Mining Founder Joins SpaceX’s First Human Mars Mission
SpaceX has announced its first crew member for an interplanetary mission to Mars, and it happens to be someone with roots to Bitcoin mining. F2Pool Co-Founder Joins First SpaceX Human Flight Mission To Mars According to a SpaceX website announcement , Chun Wang is set to fly aboard Starship’s first human spaceflight interplanetary mission to Mars. Wang was previously the commander of Fram2, the first mission that saw humans fly over the Earth’s poles. Before his SpaceX fame, Wang was known for being the co-founder of F2Pool , a major Bitcoin mining pool. A “ mining pool ” refers to a collective of miners who pool together their computing power to have better odds at striking the block reward. At one point, F2Pool was the largest such pool in the entire world. Today, it’s still quite dominant in the space, ranking third on MiningPoolStats ‘ list. From the table, it’s visible that F2Pool hosts a Bitcoin Hashrate or total computing power of 111.35 exahashes per second (EH/s) right now, equivalent to 10.2% of the network’s total Hahrate. Only Foundry and AntPool are ahead of F2Pool with computing powers of 303.84 EH/s and 183 EH/s, respectively. While F2Pool is for proof-of-work (PoW) blockchains (that is, networks that involve the process of mining for reaching consensus), the Chinese-born investor also eventually founded something for the proof-of-stake (PoS) networks: Stakefish, a non-custodial validator that allows investors to stake across a number of blockchains, including Ethereum. Back in 2023, Wang proposed the idea of a polar spaceflight to SpaceX, which culminated into Fram2. The mission was privately funded by him, with SpaceX acting as the operator. Now, it seems the Maltese-citizenship holder has set his eyes on Mars. “The two-year mission will explore outside the Earth-Moon system before flying-by the Red Planet and returning to Earth,” noted the announcement. Mars is still far, though; Wang initially has to embark on the first planned SpaceX commercial human spaceflight around the Moon. For this mission, he will be joining the company of Dennis and Akiko Tito. SpaceX explained: The week-long circumlunar fly-by mission will help advance Starship’s systems for deep-space, long-duration missions and is planned to fly within 200 km of the Moon’s surface. Speaking of SpaceX, the company filed its S-1 registration statement with the US Securities and Exchange Commission (SEC) this Wednesday ahead of its planned stock market debut on June 12th. The filing revealed something interesting: the Elon Musk-founded firm held 18,712 Bitcoin as of March 31st. This stack, worth roughly $1.45 billion, is significantly larger than some treasury holdings tracker websites estimated for SpaceX. The company is also holding a notable gain on these holdings as its cost basis per Bitcoin stands at just $35,320. Bitcoin Price Bitcoin has been trading sideways over the last few days as its price is still trading around $77,300.

Bitcoinist 2026-05-23 02:30
Us bill proposes 20 year lock on 1 million BTC
🚨 US bill aims to lock 1 million BTC for 20 years. Only proceeds from $BTC sales could reduce national debt. Continue Reading: Us bill proposes 20 year lock on 1 million BTC The post Us bill proposes 20 year lock on 1 million BTC appeared first on COINTURK NEWS .

CoinTurk News 2026-05-23 02:08
Btc falls below 77,000 as altcoins show mixed signals
🚨 BTC dropped below $77,000 as sell pressure hit the market. Mixed signals are seen in $XRP, ETH, BNB, and other major altcoins. Continue Reading: Btc falls below 77,000 as altcoins show mixed signals The post Btc falls below 77,000 as altcoins show mixed signals appeared first on COINTURK NEWS .

CoinTurk News 2026-05-23 01:33
SEC delays tokenized stock trading plan: blood-red session for BTC, ETH, SUI, and more

Seeking Alpha 2026-05-23 01:11
Bitcoin volatility set to surge as bands reach tightest range
🚨 Bitcoin’s Bollinger Bands have narrowed to their tightest in history. This compression hints at a big move ahead in $BTC. Continue Reading: Bitcoin volatility set to surge as bands reach tightest range The post Bitcoin volatility set to surge as bands reach tightest range appeared first on COINTURK NEWS .

CoinTurk News 2026-05-23 00:59
Kevin Warsh’s Fed Era Could Change Bitcoin Forever – Here’s The First Signal To Watch
Bitcoin is struggling below $80,000 as the market faces uncertainty that extends well beyond the usual price action concerns. The breakdown from key levels has been accompanied by a broader reassessment of the macro environment — and XWIN Research Japan has identified a structural shift at the highest level of global monetary policy that may define the conditions Bitcoin operates in for the foreseeable future. Related Reading: Chainlink Sees Historic On-Chain Surge While Exchange Supply Keeps Shrinking – Details The Federal Reserve is entering a new era. Kevin Warsh has officially taken over as Fed Chair, and the market’s attention has shifted from the immediate question of rate cuts to a more fundamental one: whether the Fed’s operating philosophy itself has changed. That distinction matters more for risk assets than any single rate decision. Warsh is not a conventional Fed Chair. He has been a long-standing critic of excessive quantitative easing and the concept of a central bank that continuously intervenes to support financial markets during periods of stress. The regime he inherits — and the one he is expected to reshape — is being read by markets as a transition from what XWIN Research Japan describes as a market-rescuing Fed toward a discipline-focused one. For previous generations of Bitcoin investors, Fed philosophy was a secondary consideration. That era has ended. ETFs, institutional allocations, hedge fund positioning, and the maturation of Bitcoin’s derivatives infrastructure have transformed BTC into a global liquidity-sensitive asset — one that now responds to shifts in financial conditions with a directness that previous cycles never required participants to account for. Three Signals That Will Tell You How Bitcoin Responds to the New Fed The XWIN Research Japan report identifies the specific on-chain indicators most likely to register the impact of the Warsh Fed before price action confirms anything. The first is the Coinbase Premium — the gap between Bitcoin’s price on Coinbase and offshore exchanges like Binance. During periods of strong US institutional spot demand, the premium stays positive. If concerns about prolonged high rates or continued quantitative tightening suppress institutional buying appetite, the Coinbase Premium turns negative first, before exchange prices reflect the reduced demand. It is the earliest available signal of whether American institutional capital is retreating or holding. Bitcoin Coinbase Premium Index | Source: CryptoQuant The second is Bitcoin Exchange Netflow. Rising inflows to exchanges typically precede selling pressure or defensive repositioning. A risk-off environment triggered by a discipline-focused Fed would likely manifest in higher exchange inflows and increased short-term holder selling — the behavioral signature of participants reducing exposure before the price fully reflects their caution. The third is the leverage structure the report has already identified as the dominant feature of Bitcoin’s current market. Rallies built on short-covering rather than genuine spot accumulation are structurally fragile — and a Fed environment that does not rescue markets removes the implicit backstop that has historically encouraged re-leveraging after corrections. The irony the report preserves is worth sitting with. A stricter central bank that refuses to rescue markets could pressure Bitcoin in the short term through tighter financial conditions and reduced institutional appetite. Over the medium term, that same strictness could strengthen Bitcoin’s fundamental appeal — a politically neutral store of value operating entirely outside the fiat system that Warsh’s discipline-focused Fed is attempting to defend. The on-chain signals will reveal which dynamic arrives first. Related Reading: XRP Whale Dominance Returns To Binance While Coinbase Data Tells A Different Story Bitcoin Holds Above Key Support As Bulls Defend Recovery Structure Bitcoin continues consolidating near the $77,000 region after failing to sustain momentum above the recent $82,000 local high. The daily chart shows a market entering a critical decision phase, with price compressing between overhead resistance and a major support zone that has defined the structure of the recovery since April. Bitcoin compressed between key SMA's | Source: BTCUSDT chart on TradingView The most important technical area remains the $73,000–$74,000 range highlighted on the chart. This zone previously acted as resistance during March before flipping into support during the April breakout. Bitcoin is now retesting that region from above while the 50-day moving average rises directly underneath it, creating a confluence area bulls must defend to preserve the medium-term recovery structure. Related Reading: HYPE Accumulation Intensifies As Whale-Linked Position Surpasses $100M At the same time, the 200-day moving average near $82,000 continues acting as macro resistance. Recent rejection from that level confirms that sellers remain active whenever BTC approaches the upper boundary of the current range. The sequence of lower highs since mid-May also suggests momentum has weakened considerably following the rally from the February lows. Volume conditions have normalized after the extreme volatility seen during the February capitulation event, indicating the market is transitioning from panic-driven movement into a slower consolidation phase. Technically, Bitcoin remains constructive while trading above $74,000. Holding support could allow another attempt toward the $80,000–$82,000 region, while losing it would likely expose the broader $65,000 demand zone below. Featured image from ChatGPT, chart from TradingView.com

NewsBTC 2026-05-23 00:00

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