hodler

7 May 2026, 18:35

EUR/USD Rally Driven by Sentiment, Scotiabank Sees Next Target at 1.1825

BitcoinWorld EUR/USD Rally Driven by Sentiment, Scotiabank Sees Next Target at 1.1825 The euro has extended its recent gains against the US dollar, with analysts at Scotiabank describing the move as primarily sentiment-driven. In a note released Tuesday, the bank’s foreign exchange strategy team highlighted that the EUR/USD pair is now eyeing the 1.1825 resistance level, a threshold that could determine the next directional move for the currency pair. Sentiment driving the rally According to Scotiabank, the current rally lacks strong fundamental catalysts. Instead, it appears to be fueled by a shift in market sentiment, as traders reassess the relative economic outlooks for the eurozone and the United States. The analysts noted that while the euro has found support from a slightly more optimistic tone in European data, the broader macro picture remains mixed. The 1.1825 level is identified as a key technical resistance point. A sustained break above this level could open the door for further gains, potentially targeting the 1.1900 area. However, Scotiabank cautions that without a clear fundamental driver, the rally may struggle to hold these highs. What this means for traders For forex traders, the focus is on whether the pair can build on its recent momentum or if profit-taking will emerge near resistance. The sentiment-led nature of the move makes it vulnerable to sudden reversals, especially if risk appetite shifts or if upcoming economic data disappoints. Key events on the horizon include eurozone inflation data and US employment figures, both of which could provide the fundamental catalyst that the market currently lacks. Scotiabank advises caution, recommending that traders watch for confirmation of a breakout above 1.1825 before committing to directional positions. Broader market context The euro’s recent strength also reflects a broader weakening of the US dollar, which has been under pressure as markets price in a potential peak in US interest rates. The dollar index (DXY) has retreated from recent highs, providing tailwinds for EUR/USD. However, the sustainability of this trend remains uncertain, as the Federal Reserve’s policy path is still data-dependent. Scotiabank’s analysis aligns with a cautious near-term outlook for the pair, with the 1.1825 level acting as a critical juncture. A failure to break higher could see the pair consolidate in a range, with support around 1.1700. Conclusion The EUR/USD rally toward 1.1825 is primarily a sentiment-driven move, according to Scotiabank. While the technical setup favors further gains, the lack of strong fundamental support means traders should remain vigilant. The coming days will be crucial in determining whether the pair can sustain its upward trajectory or if a pullback is imminent. FAQs Q1: Why is the EUR/USD rally described as sentiment-led? Scotiabank notes that the move lacks strong fundamental catalysts such as major policy shifts or economic data surprises. Instead, it appears driven by a shift in market mood and positioning. Q2: What is the significance of the 1.1825 level? It is a key technical resistance level identified by Scotiabank. A sustained break above this level could signal further upside, while a failure to break could lead to consolidation or a pullback. Q3: What factors could change the outlook for EUR/USD? Upcoming economic data, particularly eurozone inflation and US employment figures, could provide fundamental direction. Changes in risk sentiment or Fed policy expectations could also impact the pair. This post EUR/USD Rally Driven by Sentiment, Scotiabank Sees Next Target at 1.1825 first appeared on BitcoinWorld .

7 May 2026, 18:25

Bitcoin Unrealized Profits Surge to Highest Level Since June 2025, Raising Correction Fears

BitcoinWorld Bitcoin Unrealized Profits Surge to Highest Level Since June 2025, Raising Correction Fears Bitcoin investors are sitting on their largest unrealized gains since June 2025, a development that historically signals rising profit-taking pressure and an increased likelihood of a price correction, according to data from on-chain analytics firm CryptoQuant. Unrealized Profits at Multi-Month High In a report released this week, CryptoQuant noted that the aggregate unrealized profit margin for Bitcoin holders has climbed to levels not seen in over six months. The metric, which tracks the difference between the current market price and the price at which coins were last moved, suggests a growing pool of profitable positions across the network. Historically, when this margin expands rapidly, it has preceded periods of elevated sell-side pressure as investors move to lock in gains. The pattern has been observed repeatedly across Bitcoin’s market cycles, making it a closely watched signal for traders and analysts. Profit-Taking Pressure Mounts The increase in unrealized profits does not guarantee an immediate sell-off, but it does create a structural overhang of potential supply. As more holders find themselves in profit, the incentive to sell—particularly during moments of price strength—grows proportionally. Data from CryptoQuant’s spent output profit ratio (SOPR) indicator, which measures whether realized transactions are in profit or loss, has also shown a recent uptick, reinforcing the view that profit-taking activity is already underway. What This Means for Bitcoin’s Price Trajectory For short-term traders, the rising unrealized profit metric serves as a cautionary signal. While Bitcoin has shown resilience in recent weeks, the accumulation of profitable positions increases the risk of a sudden correction if a catalyst—such as a macroeconomic shock or regulatory development—triggers a wave of selling. Long-term holders, however, may view the situation differently. Many investors with a multi-year horizon have weathered similar profit-taking cycles and may choose to hold through the volatility, particularly if they believe the broader bull cycle remains intact. The key question for the market is whether demand from new buyers will be sufficient to absorb the increased supply from profit-takers. If buying pressure weakens, the imbalance could accelerate a price decline. Conclusion Bitcoin’s elevated unrealized profit levels represent a genuine risk factor for the near-term price outlook. While not a definitive signal of an impending crash, the data from CryptoQuant underscores the importance of monitoring on-chain metrics for signs of shifting market sentiment. Investors should weigh the potential for profit-taking against the broader macroeconomic and adoption trends that continue to support Bitcoin’s long-term value proposition. FAQs Q1: What are unrealized profits in Bitcoin? Unrealized profits refer to the gains Bitcoin holders would make if they sold their coins at the current market price, but have not yet sold. They represent potential profit that exists on paper. Q2: Why do high unrealized profits increase the risk of a price correction? Historically, when a large number of holders are in profit, the incentive to sell grows. If enough investors decide to take profits simultaneously, it can create sell-side pressure that pushes the price down. Q3: Is a correction guaranteed when unrealized profits are high? No. High unrealized profits increase the probability of a correction, but they do not guarantee one. The actual outcome depends on many factors, including overall market demand, macroeconomic conditions, and investor sentiment. This post Bitcoin Unrealized Profits Surge to Highest Level Since June 2025, Raising Correction Fears first appeared on BitcoinWorld .

7 May 2026, 18:20

Bitcoin Price Falls Under $80,000 as Iran Rejects U.S. Strait of Hormuz Deal As ‘Unrealistic’

Bitcoin price has fallen below $80,000 as traders reacted to renewed uncertainty around U.S.-Iran negotiations and rising signs of profit-taking after a sharp rally earlier in the week. At press time, the BTC price was trading near $79,840, down about 1.76% over 24 hours, after reaching an intraday high of about $81,705. The move pulled Bitcoin back from levels above $81,000 and placed the market near a key psychological support zone. The latest decline came after Iranian official Mohsen Rezaei said Tehran would not accept a U.S. proposal to reopen the Strait of Hormuz unless the plan included reparations for war damage. He described the U.S. framework as “unrealistic” and said Iran would not accept symbolic concessions. The Strait of Hormuz remains central to market attention because a large share of global oil shipments passes through the waterway. Any delay in reopening the route can affect energy prices, inflation expectations and investor appetite for risk assets, including Bitcoin. Iran Response Pressures Risk Assets Reports said the United States and Iran remain in a fragile ceasefire while negotiators discuss a possible framework to end the conflict that began earlier this year. The proposed agreement reportedly includes a 12-to-15-year moratorium on Iranian uranium enrichment, the lifting of some sanctions and steps to reopen the Strait of Hormuz. Iranian officials have pushed back against parts of the proposal. Tehran has reportedly sought broader sanctions relief, compensation for war damage and recognition of its authority over transit through the Strait. U.S. officials have rejected any structure that would require ships to pay Iran for passage through international waters. Secretary of State Marco Rubio has said Washington would not accept a toll system for vessels moving through the channel. The diplomatic dispute weighed on sentiment after earlier reports of progress had supported Bitcoin and other risk assets. President Donald Trump also warned that U.S. bombing could resume at a higher level if no final deal is reached. Bitcoin Profit-Taking Rises After Rally Bitcoin’s pullback also came as on-chain data showed traders taking profits after a strong move from early April lows. CryptoQuant reported that BTC had climbed about 37% since the start of April before reaching a three-month high. Daily realized profits rose to 14,600 BTC on May 4, the highest level since December 10, 2025, according to the data cited by analysts. The Short-Term Holder SOPR also moved to 1.016, showing that newer holders were selling coins at a profit. Bitcoin holders were also realizing net profits on a 30-day basis for the first time since December 22, 2025. That marked a shift from heavy net losses recorded in February and March, when the rolling figure reportedly fell as low as minus 398,000 BTC. Source: CryptoQuant Traders’ unrealized profit margin reached about 18%, the highest level since June 2025. Analysts said similar conditions have often increased the chance of more distribution as holders become more willing to lock in gains. Profit-taking does not always lead to an immediate correction. Perpetual futures demand remains active, spot demand has not collapsed, and exchange inflows remain muted compared with past sell-off phases. Key Bitcoin Price Levels Shift to $75,000 and $86,500 Technically, Bitcoin remains near a decision area after clearing short-side liquidity between $80,000 and $84,000. Market analyst Ali Martinez said major liquidity pools are now located near $75,000, $73,000, and $70,000. Bitcoin is also trading near its 200-day exponential moving average, reported around $82,162. That area has acted as resistance as BTC struggles to hold above the $80,000 to $82,000 range. Analyst Michaël van de Poppe said Bitcoin price may be consolidating after several days of upward momentum. He noted that assets often move in waves and that the broader trend can remain intact during short-term pauses. Source: X The $79,000 to $80,000 region is now in immediate support. A drop below that area could bring the $73,000 to $74,000 zone back into focus. That lower range is viewed as an important higher-low area for the current recovery structure. On the upside, traders are watching the $86,500 resistance zone. A confirmed break above that level could open a path toward $90,000 to $92,000, where another supply zone is expected.

7 May 2026, 18:15

GBP/USD Edges Higher as Renewed US-Iran Peace Hopes Weigh on Dollar

BitcoinWorld GBP/USD Edges Higher as Renewed US-Iran Peace Hopes Weigh on Dollar The British pound strengthened against the US dollar on Tuesday, as renewed diplomatic efforts between the United States and Iran raised hopes for a de-escalation of geopolitical tensions in the Middle East. The shift in sentiment reduced demand for the greenback, which had been buoyed by safe-haven flows in recent weeks. Geopolitical backdrop fuels currency moves Reports emerged over the weekend that US and Iranian officials had resumed indirect talks in a third country, signaling a potential path toward a broader agreement on Iran’s nuclear program and regional security issues. While no formal statement has been released by either government, market participants interpreted the development as a positive step toward reducing the risk of a direct military confrontation. The US Dollar Index, which measures the currency against a basket of six major peers, slipped 0.3% in early London trading. The British pound was one of the primary beneficiaries, with GBP/USD climbing to 1.2725, up from Friday’s close near 1.2650. The move reflects a classic risk-on rotation: when geopolitical tensions ease, investors tend to shift away from the dollar and toward currencies perceived as more growth-sensitive. Market reaction and trader positioning Currency traders have been closely monitoring Middle East developments since early 2025, when a series of tit-for-tat strikes raised fears of a wider conflict. The dollar had rallied sharply during those periods, as investors sought the relative safety of US assets. The latest round of peace talks has prompted a partial unwinding of those safe-haven positions. Analysts at a London-based brokerage noted that the pound’s gains were also supported by resilient UK economic data. The latest services PMI reading came in above expectations, and inflation figures have remained stickier than anticipated, reducing the likelihood of an early rate cut by the Bank of England. This divergence in monetary policy expectations — the Federal Reserve is seen as more likely to cut rates in the second half of the year — has added an additional layer of support for sterling. What this means for traders and investors For retail forex traders and institutional investors alike, the GBP/USD move underscores the importance of geopolitical risk as a short-term driver of currency markets. While economic fundamentals remain the primary long-term influence, events such as the US-Iran talks can trigger sharp, sentiment-driven swings that create both opportunities and risks. If peace talks progress further, the dollar could face additional downside pressure, particularly against currencies like the pound and euro. Conversely, any breakdown in negotiations or renewed hostilities could reverse the move just as quickly. Traders should remain cautious and consider setting appropriate stop-loss levels. Conclusion The GBP/USD pair’s rise reflects a market cautiously optimistic about a diplomatic resolution between the US and Iran. While the move is modest, it highlights how quickly currency markets can pivot on shifting geopolitical winds. For now, the pound is benefiting from a combination of reduced risk aversion and a relatively hawkish Bank of England. The next leg of the move will depend on whether the peace talks produce tangible results — or whether the optimism fades. FAQs Q1: Why does US-Iran peace affect the US Dollar? The US Dollar is often seen as a safe-haven currency. When geopolitical tensions rise, investors buy dollars for safety. When peace hopes emerge, they sell dollars and move into riskier assets, weakening the greenback. Q2: Is GBP/USD likely to keep rising? It depends on the outcome of the talks. If a credible agreement emerges, GBP/USD could test higher levels. If talks stall, the dollar may regain strength. Traders should monitor official statements and economic data for direction. Q3: How does this affect UK consumers? A stronger pound makes imports cheaper, which could help lower inflation over time. However, it also makes UK exports more expensive abroad, which could weigh on export-oriented businesses. The net effect on consumers is generally positive in the short term. This post GBP/USD Edges Higher as Renewed US-Iran Peace Hopes Weigh on Dollar first appeared on BitcoinWorld .

7 May 2026, 18:11

Key Shiba Inu Metric Hits a New ATH, Yet SHIB’s Price Remains in Red Territory: Details

The team behind Shiba Inu unveiled certain ecosystem updates that may favor the bulls. Despite the progress, the token has underperformed lately and is no longer the second-largest meme coin. The New Record Earlier this week, Shibarium’s X account revealed that the total number of SHIB holders has surged by 1,100 in a single day, reaching a new all-time high of 1,585,022. This jump is generally seen as positive for the meme coin because a growing holder base often reflects rising interest and confidence in the project. More investors may also stabilize demand, which could support the price during future market swings. Additionally, the team disclosed that the burn rate ratio has soared by triple digits, daily active addresses have climbed past 150,000, and trading volume spiked to almost $130 million. The burning mechanism is specifically important for a potential price appreciation. The mechanism, adopted in 2022, aims to reduce SHIB’s overall supply, making the coin scarcer and more valuable over time. The past 24 hours brought another rise in the burn rate, though not nearly as large as the one mentioned above. Just under 3.3 million SHIB have been removed from circulation for the day, marking a modest 7% increase. SHIB Burn Rate, Source: shibburn.com The total amount of coins destroyed over the years inches toward 411 trillion, worth roughly $7.35 billion. It is worth noting that a significant share of that figure stems from Vitalik Buterin’s historic burn in 2021, when he scorched around 410 trillion SHIB in one move. The Price Keeps Sliding Besides the aforementioned updates, the Shibarium team noted that more than 133 billion SHIB moved off exchanges earlier this week. Nonetheless, this hasn’t been enough to shift the broader trend, as investors continue sending more tokens from self-custody back to centralized platforms, thereby increasing immediate selling pressure. According to CryptoQuant, the total SHIB exchange reserves recently soared to approximately 82.2 trillion, the highest level since January. SHIB Exchange Reserves, Source: CryptoQuant Another factor that may hamper a decisive revival of the token is the stalled progress on Shibarium. Daily transactions processed on the protocol have diminished to mere thousands, signaling a shrinking number of active ecosystem participants. Shibarium Daily Transactions, Source: shibariumscan.io As of press time, SHIB trades at around $0.00000637, a 50% plunge over the past year. Its market cap has slipped to $3.7 billion, pushing it down to the third-biggest meme coin as MemeCore (M) has taken its spot at nearly $5 billion. The post Key Shiba Inu Metric Hits a New ATH, Yet SHIB’s Price Remains in Red Territory: Details appeared first on CryptoPotato .

7 May 2026, 17:50

USD/SGD Range-Bound With Downside Risk, Says OCBC

BitcoinWorld USD/SGD Range-Bound With Downside Risk, Says OCBC The US Dollar/Singapore Dollar (USD/SGD) currency pair is expected to trade within a defined range in the near term, but with a bias tilted toward the downside, according to analysts at OCBC Bank. This assessment comes amid a complex interplay of global monetary policy expectations, regional economic data, and shifting risk sentiment in Asian markets. OCBC’s Technical and Fundamental View OCBC’s currency strategists note that while the pair may oscillate within a relatively narrow band, the underlying pressure points favor a weaker US dollar against the Singapore dollar. The bank’s analysis points to key resistance levels that have held firm, while support levels are being tested. This pattern suggests that sellers are gradually gaining the upper hand. The Singapore dollar has been supported by the Monetary Authority of Singapore’s (MAS) consistently hawkish policy stance. Unlike many central banks that have begun cutting rates, the MAS maintains its appreciation bias for the SGD nominal effective exchange rate (NEER) policy band. This policy divergence is a core factor underpinning the downside bias for USD/SGD. Global and Regional Drivers The broader macro environment also plays a crucial role. Markets are pricing in a potential shift in the US Federal Reserve’s policy path, with expectations of rate cuts later in the year. A less hawkish Fed typically weakens the US dollar broadly, putting pressure on USD/SGD pairs. Additionally, Singapore’s strong economic fundamentals, including a robust trade surplus and healthy foreign reserves, provide a buffer for the local currency. Geopolitical stability in the region and a rebound in global trade, particularly in electronics and semiconductors—key sectors for Singapore’s economy—further bolster the case for a stronger SGD. However, risks remain. Any unexpected escalation in global trade tensions or a sharp slowdown in China’s economic recovery could trigger a flight to safety, temporarily boosting the US dollar. Key Levels to Watch Traders are closely monitoring the 1.3400 level as a major support zone for USD/SGD. A sustained break below this level could accelerate the downside move. On the upside, resistance is seen near the 1.3600 mark, which has capped rallies in recent sessions. OCBC advises that range-trading strategies with a short bias may be prudent until a clearer directional catalyst emerges. Implications for Investors and Businesses For businesses with exposure to Singapore dollar-denominated assets or liabilities, the outlook suggests a need for careful hedging. Importers may benefit from a stronger SGD, while exporters could face margin compression. For retail investors and traders, the current environment offers opportunities for tactical trades within the range, but the overarching trend suggests caution against holding long USD/SGD positions. Conclusion OCBC’s analysis presents a measured view of the USD/SGD pair: range-bound in the short term, but with a clear downside bias driven by policy divergence and fundamental strength in the Singapore economy. While external risks persist, the path of least resistance appears to be a gradual decline in the pair. Market participants should watch for breaks of key technical levels and central bank commentary for confirmation of the next major move. FAQs Q1: What does a downside bias for USD/SGD mean? A downside bias means that analysts expect the US dollar to weaken against the Singapore dollar, implying that the USD/SGD exchange rate is more likely to fall than rise. Q2: Why is the Singapore dollar expected to remain strong? The Singapore dollar is supported by the Monetary Authority of Singapore’s (MAS) policy of gradual appreciation for its exchange rate band, strong economic fundamentals, and a robust trade surplus. Q3: What key levels should traders watch for USD/SGD? Traders are watching the 1.3400 level as key support and the 1.3600 level as key resistance. A break of these levels could signal the next major trend direction. This post USD/SGD Range-Bound With Downside Risk, Says OCBC first appeared on BitcoinWorld .