hodler

6 May 2026, 03:01

Bitcoin Price Keeps $80K Support, Can Bulls Extend Rally Soon?

Bitcoin price started a fresh increase and cleared the $80,800 zone. BTC is consolidating and might aim for more gains above the $81,500 level. Bitcoin managed to stay above $80,000 and started a fresh increase. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bullish trend line forming with support at $80,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend gains if it stays above the $80,000 and $79,200 levels. Bitcoin Price Could Extend Gains Bitcoin price found support near $78,800 and started a fresh increase. BTC gained pace for a move above the $79,200 and $80,000 resistance levels. The bulls even pushed the price above $80,800. A high was formed at $81,765, and the price started a consolidation phase above the 23.6% Fib retracement level of the upward move from the $74,940 swing low to the $81,765 high. Bitcoin is now trading above $80,000 and the 100 hourly simple moving average . There is also a bullish trend line forming with support at $80,150 on the hourly chart of the BTC/USD pair. If the price remains stable above $80,000, it could attempt a fresh increase. Immediate resistance is near the $81,500 level. The first key resistance is near the $81,750 level. A close above the $81,750 resistance might send the price further higher. In the stated case, the price could rise and test the $82,500 resistance. Any more gains might send the price toward the $83,200 level. The next barrier for the bulls could be $84,500. Another Drop In BTC? If Bitcoin fails to rise above the $81,500 resistance zone, it could start another decline. Immediate support is near the $80,500 level. The first major support is near the $80,150 level. The next support is now near the $78,350 zone and the 50% Fib retracement level of the upward move from the $74,940 swing low to the $81,765 high. Any more losses might send the price toward the $77,550 support in the near term. The main support now sits at $76,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $80,150, followed by $78,350. Major Resistance Levels – $81,500 and $82,000.

6 May 2026, 03:00

XRP’s On-Chain Data Says Accumulation, But The Chart Is Warning Of A Squeeze – Analyst

XRP has reclaimed the $1.40 level as the market heats up and buyers begin asserting control after weeks of consolidation. The move is modest but directional — and a CryptoQuant analyst has just identified a signal in the order flow data that suggests the current recovery may have considerably more structural support than the price action alone reveals. The 100-day moving average of XRP’s Taker Buy Sell Ratio on Binance climbed to 0.9766 on May 3 — a notable high for an indicator that filters out daily noise and surfaces the more durable, sustained behavioral trends in the derivatives market. A reading approaching 1.0 means that over an extended period, aggressive buyers have been nearly matching aggressive sellers in the order flow — a condition that reflects persistent, mid-to-long-term accumulation rather than short-term momentum chasing. The context that makes that reading significant is the price it has been occurring against. XRP corrected sharply from its $3.55 peak in July 2025 to the current level around $1.39 — a decline of more than 60%. Throughout that entire correction, the 100-day buying pressure average has been climbing toward its current notable high. In markets, that kind of divergence — aggressive buyers accumulating through a sustained price decline — tends to describe a specific kind of participant. Not one reacting to price. One positioning ahead of it. The On-Chain Signal Is Bullish. The Chart Is Not The CryptoQuant analyst does not allow the accumulation signal to stand unchallenged. Despite the constructive reading in the 100-day buying pressure average, the short-term technical picture is raising concerns that demand equal attention. XRP is currently forming a bearish pennant directly on a key support level — a pattern that reflects tightening price action after a decline, with lower highs compressing toward a floor that has not yet been confirmed as durable. That compression tends to resolve in the direction of the preceding trend rather than against it. The preceding trend for XRP has been downward. Layered on top of the pattern is a hidden bearish divergence on the RSI — a signal that indicates momentum is weakening even when price appears to be stabilizing. Together, the two technical signals describe a market where sellers retain structural control despite the surface appearance of support. The analyst’s conclusion holds both readings without forcing a resolution between them. The on-chain data describes a gradual bottoming phase, with accumulated buying pressure building quietly beneath the price. The chart warns that the bottoming process may not be complete — and that the risk of a long squeeze, where upward bets are forcibly unwound in a sharp downward move, remains elevated until price clears resistance with strong, confirming volume. XRP at $1.40 is at a genuine crossroads. The accumulation is real. The danger is also real. The difference between the two resolves when the market decides which framework it is operating in — and that decision has not yet been made. XRP Holds $1.40 As Price Compresses Beneath Key Resistance XRP is trading around $1.40 after reclaiming the level, but the broader structure remains one of compression rather than expansion. The chart shows a prolonged consolidation phase following the sharp February selloff, with price forming a tight range between roughly $1.30 support and $1.45 resistance. The reclaim of $1.40 is technically constructive, but it is not yet decisive. Price continues to trade below the descending 100-day and 200-day moving averages, both of which are acting as dynamic resistance. This overhead pressure has capped every recovery attempt so far, keeping the broader trend biased to the downside despite short-term stabilization. At the same time, volatility has clearly contracted. Candles have tightened, wicks are shorter, and volume has declined compared to the capitulation phase. This type of structure typically precedes expansion, but it does not indicate direction on its own. The key level to watch remains the $1.45–$1.50 zone. A clean break above it would shift the structure toward a higher-high formation and open the path toward $1.70. On the downside, losing $1.30 would invalidate the current base and likely trigger a move back toward the $1.10–$1.20 demand area. XRP is not trending. It is coiling. Featured image from ChatGPT, chart from TradingView.com

6 May 2026, 02:48

Bitcoin holds $81K amid flat derivatives markets: Is the rally sustainable?

Bitcoin carved a path toward $82,000, but derivatives metrics need another push from bulls to sustain the rally.

6 May 2026, 02:46

Bullish to buy Equiniti for $4.2 billion, aiming to bridge traditional share registries with blockchain markets

Bullish is paying $4.2 billion to acquire Equiniti, a global transfer agent that maintains shareholder records for almost 3,000 public companies and handles roughly $500 billion in annual payments. The transaction breaks down as $1.85 billion in assumed Equiniti debt and $2.35 billion in Bullish stock priced at $38.48 per share. Closing is targeted for January 2027, pending regulatory approvals. CEO Dan Kramer keeps day-to-day operations. Siris, which bought Equiniti in 2021, gets two board seats. The deal closes a more specific structural gap that has slowed institutional tokenization: the lack of a scaled, regulated transfer-agent platform with deep public-company relationships inside a crypto-native capital markets group. Why a transfer agent matters for tokenization Transfer agents hold the legal record of who owns what shares. They handle dividends, voting rights, and the regulatory paperwork that comes with public-company ownership. Until a tokenized equity market has one of those built into the chain, every transaction creates a reconciliation gap between the blockchain ledger and the official shareholder register. That gap is why most tokenized securities pilots have stayed pilots. As Cryptopolitan reported last year, tokenized bonds and treasuries have grown faster than tokenized stocks because the legal recordkeeping for fixed income is simpler. Equity ownership, with its voting rights and corporate-action complexity, needs the transfer agent. Bullish CEO Tom Farley said : “Tokenization is a once-in-a-generation shift in how capital markets operate, the defining infrastructure trend of the next 25 years.” The crypto M&A wave moves vertical This deal looks different from the wave of crypto acquisitions that came before it. Coinbase bought Deribit ($2.9 billion) for derivatives. Kraken bought NinjaTrader ($1.5 billion) for retail futures. Both were horizontal, exchange acquiring exchange. Bullish is buying the legal plumbing of traditional equity markets. The pattern extends past Bullish. Securitize and Computershare announced last month they want to bring parts of the $70 trillion US stock market on-chain through tokenized equities. Two large infrastructure plays in two months suggest crypto M&A has moved from buying competitors to buying the regulated rails of legacy finance. Numbers that matter The combined company expects $1.3 billion in adjusted revenue for 2026 and over $500 million in adjusted EBITDA less capex, with annual revenue growth of 6 to 8 percent through 2029. Tokenization and blockchain services within that mix should grow at roughly 20 percent. Equiniti is registered with the SEC as a transfer agent and regulated by the FCA in the UK, which gives the combined entity dual-jurisdiction credentials before any regulatory approvals on the deal itself. Bullish posted $94.3 million in adjusted EBITDA on $288.5 million in revenue for 2025. The Equiniti deal would more than triple that revenue base in one transaction. If you're reading this, you’re already ahead. Stay there with our newsletter .

6 May 2026, 02:30

Bitcoin’s Bull Case Hinges on Macro Conditions, Wintermute Says

Bitcoin’s upside remains tied to macro stability as BTC trades near $81,000. Wintermute said strengthening on-chain data and ETF inflows have not yet confirmed an independent breakout. Key Takeaways: Bitcoin approached $82,000 resistance but still lacks confirmation of a sustained breakout. ETF inflows reached $2.6 billion, while late outflows signaled weakening demand. Macro factors, including

6 May 2026, 02:30

Institutions Are Buying 6x Bitcoin’s Daily Supply: Is $96,000 Next?

Bitcoin’s latest rally is being driven by a sharp acceleration in institutional demand, according to Capriole Investments founder Charles Edwards, who says large buyers are now absorbing roughly six times the amount of BTC mined each day. The setup has pushed several of Capriole’s long-running Bitcoin models back into bullish territory, with Edwards arguing that both on-chain and technical conditions now favor a continuation higher. In a May 5 Substack post titled “Institutions are Guzzling Bitcoin,” Edwards said institutional flows have intensified since his previous update, rising to around 577% of daily mined supply. Bitcoin, he noted, has gained 12% over the same period. “Institutions are slurping up 600%+ of Bitcoin’s daily mined supply. Every time it’s been this high before, price has shot up over the next week. As the chart shows, we’ve typically seen double digit returns from here with a couple of weeks in all prior cases.” Based on that historical pattern, Edwards said a comparable move would put Bitcoin near $96,000. The argument is straightforward: if institutional demand continues to exceed new issuance by such a wide margin, available supply tightens quickly, especially in a market where long-term holders have already shown less willingness to sell into weakness. Capriole Models Turn Bullish Bitcoin From $71,000 Edwards also pointed to Capriole’s internal models, including Trend King and Macro Index, both of which flipped long around $71,000. Trend King, described by Edwards as the firm’s longest-running live trading strategy, is currently leveraged long Bitcoin. The model is primarily technical, though it also incorporates selected on-chain inputs. Related Reading: Bitcoin Seasonality Flashes Bullish May Signal After Two Green Months Macro Index, Capriole’s fundamentals-only Bitcoin model, has also moved into what Edwards described as “recovery” mode. The model tracks more than 200 on-chain and macro market data points, providing an aggregate view of Bitcoin’s fundamental backdrop. Edwards said its trends “tend to be sticky,” implying that the signal is less about a short-term tactical trade and more about a broader regime shift. Derivatives data adds another layer to the bullish case. Capriole’s Bitcoin Perps Heat indicator, which tracks relative extremes in perpetual swap markets by measuring funding rates and open interest across a four-year normalization window, recently showed what Edwards called an “extremely bullish long term signal” following excessive shorting. Related Reading: Crypto Shorts Suffer $300M Flush As Bitcoin Hits $80,000 That matters because market positioning appears to have reset before the breakout. Edwards wrote that “complete capitulation on derivatives markets occurred in March/April,” suggesting that leverage had been flushed out before Bitcoin’s latest move higher. In that framing, the rally is not simply chasing overheated longs; it is emerging after a period in which traders were leaning too defensively. SOPR Breakout Confirms On-Chain Momentum Spent Output Profit Ratio, or SOPR, is another key piece of the thesis. Edwards highlighted that SOPR had spent significant time below 1, a zone he described in the previous issue as historically offering “great Bitcoin opportunities.” In the latest note, he said the metric has now closed back above 1, signaling a return of positive price and on-chain momentum. “Bitcoin looks incredibly strong here. It’s also supported by relative strength against all markets, having bottomed and outperformed since the Iran war started. We see consistent strength across technical and fundamental data for Bitcoin today.” The equities backdrop is more mixed, but still broadly supportive of risk assets in Edwards’ view. He said Capriole’s “quiet strong market” strategy remains risk-on, while collapsing credit spreads and a favorable VIX regime are backing the current breakout. The S&P 500 has also printed a fresh all-time high, with Edwards identifying 7,000 as the key weekly level to watch. There are caveats. Edwards flagged weakness in the advance-decline line, high oil prices linked to the Iran war, and the gold-to-stock ratio as longer-term equity risks. But for now, he framed those as warnings rather than a confirmed bearish turn. At press time, Bitcoin traded at $81,429. Featured image created with DALL.E, chart from TradingView.com