hodler

29 May 2026, 18:00

Ethereum whales hit 10-week accumulation high: Will ETH finally break out?

Ethereum whales reached a 10-week accumulation high as ETH remained trapped below resistance.

29 May 2026, 17:56

Bitcoin Compression Raises the Risk of a Violent Range Break

29 May 2026, 17:50

Bitcoin Price: Reclaims $74K as Donald Trump Confirms U.S. Will Lift Hormuz Blockade

Bitcoin price has moved back toward the $74,000 level after President Donald Trump said the U.S. Navy would lift its blockade of the Strait of Hormuz, easing immediate market concerns over shipping restrictions in one of the world’s key energy routes. BTC traded near $73,900 to $74,000 after recovering from levels around $72,000. The move followed Trump’s statement that ships caught in the Strait of Hormuz could begin “heading home” as the blockade is lifted. He also said he was meeting in the White House Situation Room to make a final determination on a proposed Iran deal. Trump said Iran must agree that it will never have a nuclear weapon and that shipping through the Strait of Hormuz must remain open in both directions without tolls. He also said any remaining mines in the strait would need to be removed or destroyed, while enriched material would be handled in coordination with Iran and the International Atomic Energy Agency. Bitcoin Liquidations Add Fuel to BTC Rally Bitcoin’s move higher was supported by short liquidations across crypto derivatives markets. CoinGlass data cited in market commentary showed BTC recorded $5.57 million in liquidations during the displayed period, the highest among listed assets on the board. Across the wider crypto market, total liquidations over 24 hours reached $267.54 million. Short liquidations accounted for $136.74 million, slightly above long liquidations of $130.80 million. The data showed that traders betting against Bitcoin were forced out as price moved higher. Source: Coinglass The largest single liquidation was reported as an $11.98 million BTC order on Binance. Such forced buying can add momentum during sharp price rebounds, especially when leveraged short positions are closed as prices rise. The rebound followed a classic risk-on move after geopolitical tensions showed signs of easing. Bitcoin often trades alongside broader risk assets during periods of major macro news, while crypto derivatives can amplify short-term price changes when leverage is high. Donald Trump Says Iran Deal Awaits Final Decision Donald Trump’s post also addressed the proposed U.S.-Iran agreement. He said some items had been agreed upon but added that “no money will be exchanged until further notice.” The comment came after reports said the proposed peace framework could include a $300 billion reconstruction fund for Iran, described as an international investment fund that the United States would help facilitate. U.S. officials had earlier said negotiators reached an agreement on a 60-day extension of the ceasefire, though Trump had not yet approved the deal. The reported framework included discussions on Iran’s nuclear program, shipping through the Strait of Hormuz, sanctions relief, and the release of frozen Iranian funds. Trump also said enriched uranium material in Iran would be unearthed in coordination with Tehran and the International Atomic Energy Agency and destroyed. However, Iranian state media have rejected Trump’s claim that Iran had agreed to give up and destroy its enriched uranium, while Iranian sources described parts of his announcement as a “mixture of truth and lies.” The conflicting accounts left key parts of the proposed deal unresolved as Trump said he was meeting in the Situation Room to make a final decision. The Strait of Hormuz remains central to global oil and gas shipping, so any change in naval restrictions can affect wider risk sentiment, including crypto markets. BTC Technical Levels Remain Key After $74,000 Move Bitcoin is now testing the upper part of its short-term recovery range. On the daily BTC/USDT chart, price is trading near $73,700 to $74,000, below the key $75,000 resistance area. A daily close above $75,000 would be the first confirmation that buyers have regained control of the near-term structure. If BTC breaks and holds above that level, the next upside targets sit near $78,921 and $81,453. A clean move beyond $81,453 could bring the $84,000 to $85,000 supply zone back into focus. Source: X Failure to reclaim $75,000 would leave Bitcoin exposed to another pullback. The first support area sits around $71,100 to $70,671. A break below $70,671 could weaken the rebound and open the path toward $69,900, $68,700, and the wider support zone near $66,318 to $65,816. However, on-chain data is showing caution among larger holders. Whale balances, covering wallets with 1,000 to 10,000 BTC, have remained nearly flat since February 2026. Dolphin balances, covering 100 to 1,000 BTC, have posted lower highs since September 2025. Concurrently, the long-term holder supply has reached a record 15.8 million BTC, but CryptoQuant has warned this may reflect limited coin movement rather than fresh demand. With Bitcoin price fears of dipping further, short-term holder supply has also dropped from 6.4 million BTC in December 2025 to about 4.2 million BTC.

29 May 2026, 17:38

XRP price rebounds above $1.30 as Morgan Stanley reveals ETF holdings

XRP is back above $1.30 after a volatile session that saw the token briefly dip to $1.29. The recovery pushed the price near $1.33, marking a 0.5% gain over the past 24 hours and placing XRP near the upper end of its intraday trading range between $1.29 and $1.33. Notably, the rebound comes after several days of pressure across the broader crypto market , although XRP’s price action has shown relative stability around its short-term support zone. The $1.30 level has now emerged as a key pivot point, with repeated tests over recent sessions attracting renewed buying interest. Technical bounce after oversold condition During the latest dip, trading activity increased sharply, with volume rising to approximately 107.9 million XRP, signalling that buyers were actively absorbing sell pressure. Market indicators also pointed to oversold conditions before the rebound. The seven-day Relative Strength Index (RSI) dropped to around 30.16, a level typically associated with weakening selling momentum. That setup contributed to a short-term recovery rather than a sustained breakdown. XRP price analysis Despite the bounce, the move has not yet shifted the broader trend. XRP’s price action remains contained within a wider trading range between roughly $1.31 and $1.48, and sustained trading above $1.33 will be required to confirm stronger upside momentum. Institutional positioning strengthens market narrative Additional support for XRP’s resilience has come from developments tied to institutional exposure involving Morgan Stanley. According to recent disclosures , the bank has started indirect exposure to XRP through ETF-related investment products, reflecting a broader trend of traditional finance integrating digital assets into regulated structures. The update aligns with market data showing continued inflows into XRP-focused ETF products, which have accumulated approximately $1.26 billion since launch in November 2025. That contrasts with observed outflows from some Bitcoin- and Ethereum-linked ETF products during the same period. Alongside ETF activity, on-chain data has also shown increased engagement on the XRP Ledger. Network activity on the XRP Ledger rose to roughly 1.69 million transactions in a single day on May 28, suggesting stronger usage levels during the recent price stabilisation phase. The combination of ETF-linked exposure and rising network activity has contributed to a more supportive backdrop for XRP, even as broader crypto sentiment remains mixed. Market outlook shaped by the support level at $1.31 Near-term direction for XRP continues to revolve around the $1.31 support zone. Holding above this level keeps the current rebound structure intact and preserves the possibility of further upside tests. If buying pressure persists, the next broader resistance area sits around $1.48. On the downside, a sustained break below $1.31 would weaken the current structure and expose the price to a deeper retracement toward $1.20. Away from the technical setup, market attention is also focused on upcoming regulatory developments, particularly the US Senate vote on the CLARITY Act. The legislation is expected to play a role in determining whether XRP is classified as a digital commodity, a factor that could influence institutional participation going forward. The post XRP price rebounds above $1.30 as Morgan Stanley reveals ETF holdings appeared first on Invezz

29 May 2026, 17:33

YBTC: Not The Right Time Now For A Capped-Upside Yield Trade

Summary Roundhill Bitcoin Covered Call Strategy ETF (YBTC) is rated a Sell due to its unattractive risk/reward profile in the current bitcoin environment. YBTC’s 32% distribution rate is misleading; the SEC yield is only 2.6%, and NAV erosion signals unsustainable payouts. The fund’s option strategy caps upside while leaving downside exposure, making it unsuitable for bullish bitcoin investors seeking sharp gains. Recent bitcoin weakness, negative ETF flows, and low volatility create a poor setup for YBTC’s covered call strategy. Roundhill Bitcoin Covered Call Strategy ETF ( YBTC ) is a bitcoin-linked covered call ETF that has a current distribution rate of ~32%. Its 30-day SEC yield is only ~2.6%. That is a large gap which indicates YBTC is not a normal income product. It is an option strategy tied to bitcoin and it pays out large weekly distributions. Much of this has recently been classified as return of capital. Moreover, bitcoin has been down in multiple timeframes recently. It is not in a clear sideways market. BTC, IBIT and YBTC were all down intraday. Unlike the other two, YBTC’s upside is capped but downside is unlimited. YBTC is a Sell in the current bitcoin setup. Its distribution profile can make the total return picture better than it truly is. YBTC owns no bitcoin directly, but only uses options to create synthetic exposure. It also sells calls to generate premium. Like other covered call strategies, it works when bitcoin, its underlying, stays range-bound but volatile. If bitcoin rallies, YBTC gives away upside; if bitcoin falls, YBTC falls all the way. The Structure Matters Because The Cap Is Real YBTC’s weekly trades can be very tight. See below: Author That is the investment trade in one table. At least for the week in question, nearly the fund’s entire AUM was used in the trade. The gamble was basically that IBIT should rise around 3%. Not too much more, because then they lose the upside. IBIT should not fall drastically, because then they may keep the premium, but they lose on the downside. The premium is small, only about 0.13% of IBIT’s price. So if IBIT falls below this, losses start happening. If IBIT rises above ~3.15%, capped upside kicks in. This strategy can work only in a quiet, range-bound bitcoin market. However, historically, a large amount of bitcoin long-term returns has come from sharp moves, not constrained, rangebound movement. A weekly call-selling strategy risks monetizing small moves while giving up part of the larger moves investors usually buy bitcoin exposure for. Author So YBTC’s problem is that it changes how we normally bet on bitcoin. We bet on its sharp, sudden moves for large gains. YBTC bets almost exactly the opposite: that bitcoin will move up, but not by much. And worse, YBTC bets that this will keep happening week after week, month after month. That is hard to justify for investors who are bullish on bitcoin, because the upside is the main reason to own bitcoin in the first place. The Yield Screen Is Misleading That 32% distribution rate is YBTC’s principal attraction. That’s a lot of distribution even without the typically higher paying option-income ETF universe. But YBTC’s actual SEC yield is only 2.6%. That very large gap is the issue. The distribution rate is the annualized version of the latest weekly payout, while the SEC yield is the annualized income earned after expenses over the 30-day measurement period. Author Return of capital here may not be automatically destructive. In option-income ETFs, ROC can reflect tax character, timing, and how option gains and losses are recognized. But investors still have to ask: is the fund earning enough total return to support the payout, or is the payout partly masking capital erosion? Roundhill’s fact sheet showed a 1-year NAV return of -13.81% as of March 31, 2026, while its 1-year market-price return was -14.16%. That is evidence of NAV pressure, not just a tax classification. So yes, NAV performance shows erosion. Such a large weekly distribution and a falling NAV indicates that. The payout looks attractive, but there’s capital loss – not the kind of yield I want to underwrite. The Payout Has Not Protected Total Return The next issue is total return. YBTC has not delivered a strong total return performance recently, even after including the high distribution. Author So you can’t look at YBTC’s distribution yield alone. YBTC may keep making high weekly payments, but if there’s capped upside, bitcoin-linked downside, and if NAV is getting eroded, those payments are not enough compensation for your loss. Near-Term Outlook: Current Bitcoin Setup Is Not Good Enough For YBTC Seeking Alpha showed BTC around $73,253, down 1.5% on the day, but also down 5.5% over one week, 5.4% over one month, 19.5% over six months, 16.3% year to date, and 32.8% over one year. It is also far below its listed all-time high of $126,272. Part of the reason for today’s fall seems to be US airstrikes on Iran; see here . However, the general decline all-round doesn’t get explained by a single event. Since YBTC carries bitcoin-linked downside, this is already unfavorable to it. The option premium is not protecting YBTC from this level of downside. The second problem is fund-flow pressure. Data showed US spot bitcoin ETFs had $333.6 million of net outflows on May 26 and $733.4 million of net outflows on May 27. For IBIT, those figures were $192.4 million and $527.8 million respectively. Now, if money is leaving spot bitcoin ETFs, IBIT will be under pressure, and YBTC’s option premiums will not be able to offset that downside. Even worse, if bitcoin falls YBTC will go down with it, but if it rebounds, capped upside will ensure that YBTC doesn’t go up as much. That is not the kind of institutional bid I am willing to bet on. Author The third problem is volatility. Coindesk says bitcoin’s annualized 30-day implied volatility fell to 38%, the lowest level it has seen since October last. Such volatility isn’t good for YBTC. It needs enough volatility to make its options strategy work, but if it falls too much, premiums do not look attractive. If volatility rises because of a bitcoin selloff, that also doesn’t help because NAV pressure can overwhelm the premium. So this is not a clean “volatile but range-bound” market where YBTC thrives. This is more of a bearish bitcoin market with large ETF outflows, weak risk appetite, and lower implied volatility. For YBTC, that is a poor mix of scenarios. That is why I do not think the near-term outlook supports owning YBTC here. Conclusion YBTC is a poor trade in the current bitcoin scenario. YBTC’s distribution rate is high, but its SEC yield is low, it comes with heavy ROC, a weak total return, and NAV pressure. But more importantly, today’s market setup is wrong for YBTC. Bitcoin remains weak, spot bitcoin ETF flows have turned negative, and implied volatility is low. This is not a good mix for YBTC. I rate it a sell.

29 May 2026, 17:32

Ether drops below $2,000 with 7 percent loss in 3 days

🚨 Ether lost 7 percent and broke $2,000 in three days. Massive institutional outflows hit $695 million as buying dries up in $ETH. Continue Reading: Ether drops below $2,000 with 7 percent loss in 3 days The post Ether drops below $2,000 with 7 percent loss in 3 days appeared first on COINTURK NEWS .