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10 May 2026, 00:30
Bitcoin Premium in South Korea Hits 2% for First Time Since Pre-War Market Shock
With bitcoin trading above the $80,000 threshold, bitcoin prices in South Korea have carried premiums approaching 2%, marking their highest level since late February. The move follows a choppy stretch since that period, during which both notable discounts and elevated premiums emerged across the past nine weeks. South Korea’s Kimchi Premium Returns as Bitcoin Climbs
10 May 2026, 00:00
Analyst Predicts Biggest Bitcoin Bull Trap Of The Cycle, Calls Out 50% Crash To $42,000
Bitcoin’s price recovery is not a new beginning: it is a familiar ending. That is the warning from a crypto analyst, who is of the notion that the current Bitcoin price action is playing out a bull trap the market has seen before and that the setup is pointing to a destination that sees the cryptocurrency crashing by almost 50% from current price levels. Related Reading: XRP Flashes Historic Rally Signal, Fueling $12 Price Speculation Bitcoin Mirrors Key Stepping Stones From 2022 Bear Cycle Chiefy’s analysis centers on a structural comparison between Bitcoin’s current price sequence and the step-by-step decline that defined the 2022 bear market. The framework identifies a pattern of bear cycle stepping stones, which is a series of lower highs and lower lows dressed up as recoveries on the weekly candlestick timeframe chart. This analysis is in reference to Bitcoin’s price action since it broke above $82,000 earlier in the week. Bitcoin is pressing into the 1-day 200 moving average, a zone that has already acted as resistance during a previous failed recovery attempt in January 2026. The analyst also pointed to the 1-week 200 moving average at the lower support region and the 1-month 350 moving average below it, suggesting that a breakdown could force BTC through multiple long-term trend levels before finding a stronger base. This is exactly like the 2022 bear market. In the previous bear cycle, Bitcoin did not fall in a straight line. It produced relief rallies that looked convincing enough to pull traders back in, only for the price to roll over again. Based on this view, the current rebound to the $80,000 range is not the start of a lasting breakout. It is the largest bull trap of the cycle. His projected path after the bull trap will see Bitcoin leave $82,000 and then go on a free fall to $50,000, then recover to $63,000, and finally crash to $42,000 again. Bitcoin Price Chart. Source: @0xChiefy On X Why This Rally Cannot Be Trusted The next move in the sequence, a crash to $50,000, would represent a decline of approximately 39% from current levels. The subsequent bounce to $63,000 would restore confidence briefly before the final descent to $42,000 completes the pattern. This final descent will translate to an almost 50% crash from current levels. Interestingly, CryptoQuant researchers warned that Bitcoin’s apparent demand metric, which tracks 30-day changes in estimated on-chain spot buying activity, stayed negative throughout April’s entire price rally. This shows that the late April and early May move that took Bitcoin to $80,000 was mostly due to higher perpetual futures demand, which is exactly like 2022’s bear market onset. Related Reading: Altcoins Aren’t Going Anywhere — Even After Brutal Crashes: Arthur Hayes The crash warning is also coming at a time when Bitcoin ETF flows are no longer offering a clean bullish background, as they have now posted consistent net outflows of a total of $423.15 million in the past two days. At the time of writing, Bitcoin is trading at $80,367. Featured image from Unsplash, chart from TradingView
9 May 2026, 23:00
Analyzing why Dogecoin’s recovery depends on DOGE flipping THIS key level!
Where will DOGE's price action go from here?
9 May 2026, 23:00
Bitcoin Open Interest Sees Largest Increase In 2026 — What’s Happening?
This week, Bitcoin saw a significant surge in bullish momentum, driving its price from $78,000 to as high as $82,855. While the flagship cryptocurrency has pulled back from this local high, it is yet to shift towards a bearish structure. Interestingly, a recent on-chain analysis revealed significant growth in derivatives activity in the Bitcoin market. Bitcoin Open Interest Climbs Across Major Exchanges In a recent Quicktake post on the CryptoQuant platform, pseudonymous analyst Darkfost revealed an interesting change in Bitcoin’s derivatives market participation. This on-chain observation is based on the Open Interest metric. Open Interest refers to the total number of active futures contracts held by traders in the market. Rising open interest is often interpreted as a sign that fresh capital is entering derivatives markets, especially during periods of strengthening price momentum. Notably, Bitcoin’s Open Interest has just increased by the largest margin since the beginning of 2026, despite funding rates remaining in negative territory, as they have over the past couple of weeks. According to Darkfost, Bitcoin’s latest growth in Open Interest has already exceeded levels seen during Bitcoin’s previous all-time high in 2025. Thus, it becomes more evident that market participation across exchanges has indeed been positive. Binance Sees $2.5B In Open Interest, Leads Other Major Exchanges The crypto analyst went on to highlight Binance’s role in the dynamic currently in play. As Darkfost explained, roughly 34% of the market share is accounted for by Binance, the world’s leading cryptocurrency exchange by trading volume. As of May 5, the exchange reported an average monthly open interest of approximately $2.5 billion. Other exchanges were also cited in the Quicktake post, with Gate.io reporting an Open Interest growth of about $1.75 billion. Bybit then followed in the Open Interest ranking, with an average Open Interest of roughly $1.15 billion. According to Darkfost, these figures recorded by the cited exchanges reflect a growing optimism in the Bitcoin market , as opposed to conditions seen early in the year. When optimism grows, it typically prompts traders to increase their risk exposure once more. However, Darkfost noted that this could make the BTC market more fragile, as large clusters of long or short positions become vulnerable to liquidation events. When prices move sharply against overleveraged traders, forced liquidations can accelerate volatility and amplify price swings in both directions. Hence, while the rise in Open Interest may be beneficial to Bitcoin’s price , market participants should remain cautious of sudden volatility spikes. As of this writing, Bitcoin is valued at around $80,265, up 0.5% from yesterday.
9 May 2026, 23:00
8 Months To Go: Here’s How Bitcoin Could Trend In 2026 – Analyst
Bitcoin is presently trading above $80,000, as market bulls sustain the rebound from early April. However, the flagship cryptocurrency remains firmly in bear-market territory, down roughly 37.5% from its all-time high. Amid the ongoing rally, crypto analyst Aralez has outlined a potential price trajectory for the remainder of 2026, highlighting the key macroeconomic and market catalysts likely to shape Bitcoin’s next major move. Bitcoin To Fall Again, Cycle Bottom Likely In Q3 In an X post on May 8, Aralez shares an interesting Bitcoin price prediction for the last eight months of 2026. While prices have gained by 13% in the last month, the market pundit predicts that Bitcoin should eventually move towards the $60,000 before the present quarter expires. The projected price retrace is expected to coincide with a decline in the S&P 500 below $6000, suggesting a worsening or unfavorable macroeconomic environment. At this point, panic is expected to ravage the market, leading to a sharp deterioration in investor sentiment. MARKET PREDICTION BY THE END OF 2026: MAY-JUNE: – $BTC drops toward $60k– S&P 500 is Q3: – BTC forms cycle bottom + accumulation begins– New Fed chair + early rate cut signals– Distrust in crypto reaches peak levels– S&P 500 is https://t.co/d7BkISInp9 pic.twitter.com/DuFVYPEvv3 — Aralez (@0xAralez) May 8, 2026 Moving into Q3, Aralez foresees a much-anticipated cycle bottom, where sell-off should have slowed down as long-term investors begin to boost their holdings. Nevertheless, there would still be general distrust of Bitcoin, with sentiment mostly negative. At the same time, incoming US Federal Reserve Chairman Kevin Warsh is expected to signal an early rate cut, which should boost macro confidence. Meanwhile, Aralez also projects a decline in the S&P 500 below $5,900, reinforcing the idea that broader financial markets may still be under pressure even as smart money quietly positions itself Q4: New Cycle Begins Moving into Q4, Aralez anticipates a decisive shift into recovery territory, with Bitcoin breaking above $85,000 as market momentum strengthens and accumulation from earlier phases begins to be reflected in price action. This stage is expected to coincide with the formal start of Federal Reserve rate cuts, signaling a clear easing of monetary conditions and an improvement in overall liquidity across financial markets. As confidence gradually returns, the analysis suggests the beginning of a new market cycle, driven by renewed institutional participation and sustained accumulation in risk assets. At the same time, the S&P 500 is projected to stabilize around the 6,000 level, indicating that while equities may recover some ground, the broader macro environment remains in a cautious rebuilding phase rather. At press time, Bitcoin trades at $80,416 reflecting a minor 1.46% gain in the last hour.
9 May 2026, 22:12
Cloudflare lays off 20% of staff as AI tools replace workers
Cloudflare just cut ~20% of its workforce. About 1,100 positions gone. This is because AI tools made those roles unnecessary, CEO Matthew Prince said. This happened during the company’s strongest quarter on record, with revenue hitting $639.8 million. Prince called it a first in the company’s 16 year history. “We’ve never done something like this in Cloudflare’s history.” CFO Thomas Seifert said the cuts hit every team and geography. Only salespeople with quotas got a pass. Prince and co-founder Michelle Zatlyn wrote that the move wasn’t about cutting costs or judging performance. To them, it’s about defining how a world-class company operates in what they call “the agentic AI era.” Cloudflare’s revenue climbs while margins shrink Cloudflare’s quarterly revenue jumped 34% year over year (YoY). But the net loss widened to $62 million, up from $53.2 million a year earlier. Adjusted gross margins dropped to 72.8%, a record low. Last year, they sat at 77.1%. Cloudflare also reported +$2.5 billion in remaining performance obligations. That’s revenue under contract but not yet delivered. The figure grew 34% year over year (YoY). Cloudflare’s stock drops by 15% on slower growth forecast Despite the strong Q1, Cloudflare’s stock (NYSE: NET) fell more than 15% in premarket trading on Friday. The problem was guidance. The company projected Q2 revenue growth of about 30%, slower than the 33.5% it just posted. Analysts said expectations had run high after a 43% rally in the stock since February. Still, about four brokerages raised their price targets after the report. The median target now sits at $243, per Reuters . Cloudflare’s internal AI usage surges 600% Prince said Cloudflare’s internal AI usage grew +600% in the prior three months. Teams started reporting productivity gains of “two, 10, even 100 times” previous levels. Almost all of the R&D team now codes using Cloudflare’s own Workers platform, including a feature the company calls “vibe coding.” Every line of code deployed through that pipeline gets reviewed by autonomous AI agents, Prince said. Highly productive employees now need fewer support staff. “A lot of the support people that provide support behind them, those roles aren’t going to be the roles that drive companies going forward,” said Prince. When an analyst asked why such deep cuts were needed after a strong quarter, Prince responded, “Just because you’re fit doesn’t mean you can’t get fitter.” Cloudflare joins Meta, Microsoft, Amazon , and Jack Dorsey’s Block in pairing workforce reductions with AI-driven productivity claims. But some tech executives, including OpenAI CEO Sam Altman, have cautioned that companies may be using AI as a rationale for layoffs they would have pursued anyway. He said , “I don’t know what the exact percentage is, but there’s some AI washing where people are blaming AI for layoffs that they would otherwise do, and then there’s some real displacement by AI of different kinds of jobs.” Prince said Cloudflare ended Q1 with ~5,500 employees before the cuts. He predicted the company would have more employees in 2027 than at any point in 2026. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank
