hodler

13 May 2026, 10:01

Bitcoin eyes breakout at $82,970 amid buyer momentum

🚀 Bitcoin is trading just below the $82,970 resistance. The 20-week moving average supports ongoing buyer interest in $BTC. Continue Reading: Bitcoin eyes breakout at $82,970 amid buyer momentum The post Bitcoin eyes breakout at $82,970 amid buyer momentum appeared first on COINTURK NEWS .

13 May 2026, 10:00

Crypto Firm Exodus Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year

Exodus Movement sold more than 1,000 Bitcoin in the first three months of 2026 to fund a push into financial technology, raising $73 million in the process. Related Reading: Bitcoin Bulls Awaken As Rare Golden Cross Signal Flashes On Charts The crypto wallet company cut its Bitcoin holdings from 1,704 to 628 coins by March 31 — a reduction of roughly 63% — with nearly all the proceeds directed toward acquiring W3C Corp., the parent company of fintech firms Monavate and Baanx. Revenue Takes A Sharp Hit The Bitcoin sales came as Exodus reported a steep drop in earnings. Total revenue for the quarter ended March 31 fell to $22.7 million, down from $36 million during the same period a year ago — a decline of nearly 37%. Exchange aggregation, which accounts for the bulk of company income, took the hardest hit, falling almost $14 million as user trading activity slowed significantly. Monthly active users slipped from 1.6 million to 1.5 million year over year. Quarterly funded users dropped even more sharply, falling 22% to 1.4 million from 1.8 million. Exodus pointed to macroeconomic pressures — including revised Federal Reserve growth projections and uncertainty around tariff policy — as contributing factors. The company also warned that price swings in digital assets could continue to affect its results in coming quarters. Net Loss More Than Doubled The financial results reflected more than just a drop in trading. Exodus posted a net loss of $32 million for the quarter, compared to a nearly $13 million loss in Q1 2025. The company’s broader digital asset portfolio recorded a net loss of $36.4 million, driven by $76.8 million in unrealized losses, though partially offset by $40.4 million in realized gains on asset exchanges. On the balance sheet, cash and cash equivalents rose sharply. The company ended the quarter with nearly $73 million in cash, up from just $4.9 million at the close of 2025. New Products In The Pipeline Even as the core business contracted, Exodus rolled out a new product. XO Cash, a stablecoin toolkit built on Solana with payments company MoonPay, allows AI agents to make purchases through Visa’s payment network without exposing user private keys. Related Reading: Shiba Inu Bullish Momentum Explodes As Buying Pressure Intensifies Featured image from Getty Images/GeorgeManga, chart from TradingView

13 May 2026, 10:00

Whale Transfers $3.55M in LIT Tokens From OKX, Bybit to Lighter Vault

BitcoinWorld Whale Transfers $3.55M in LIT Tokens From OKX, Bybit to Lighter Vault A significant cryptocurrency transaction was detected on-chain approximately one hour ago, as an anonymous whale address moved a substantial amount of LIT tokens from two major exchanges to a decentralized vault. According to data from blockchain tracking platform Onchain Lens, the wallet address beginning with 0x3dC withdrew a total of 3.79 million LIT, valued at roughly $3.55 million, from OKX and Bybit before depositing the entire sum into Lighter Vault. Details of the Large-Scale Transfer The transaction highlights continued activity among large holders, or ‘whales,’ who often move assets between centralized exchanges and DeFi protocols for reasons ranging from long-term staking to yield generation. The specific destination, Lighter Vault, is a smart contract-based storage system that allows users to deposit tokens for potential rewards or governance participation within the Lighter ecosystem. The timing of the move, occurring within the last hour, suggests a deliberate strategic decision by the wallet owner rather than a routine exchange withdrawal. Market Reaction and LIT Price Movement Following the on-chain activity, LIT’s market price experienced a modest decline. According to CoinMarketCap data, LIT is currently trading at $0.9401, down 3.26% over the last 24 hours. While large transfers can sometimes signal an impending sale or redistribution, the deposit into a vault—rather than a further exchange—may indicate a longer-term holding or staking strategy. Market analysts note that such movements can create short-term selling pressure if the tokens were previously held on exchanges, but the actual impact on price remains limited given the relatively small size relative to LIT’s total circulating supply. Why This Matters for Crypto Traders For everyday investors and traders, whale movements often serve as a leading indicator of market sentiment. A deposit into a vault, as opposed to an exchange, typically reduces the immediate available supply on trading platforms, which can be interpreted as a bullish signal. However, the accompanying price drop suggests broader market factors or profit-taking may be at play. Tracking these on-chain flows provides valuable context for understanding potential price direction and the behavior of large stakeholders. Conclusion The transfer of 3.79 million LIT tokens worth $3.55 million from OKX and Bybit to Lighter Vault represents a notable on-chain event, though its immediate market impact appears muted. The transaction underscores the ongoing interplay between centralized exchanges and DeFi protocols, as well as the importance of on-chain analytics for monitoring large capital flows. As the LIT ecosystem continues to develop, such movements will remain a key data point for traders and analysts alike. FAQs Q1: What is Lighter Vault? Lighter Vault is a smart contract-based platform that allows users to deposit LIT tokens for potential rewards, staking, or participation in the Lighter ecosystem’s governance. It functions as a decentralized storage and yield mechanism. Q2: Why do whales move tokens from exchanges to vaults? Whales often transfer tokens from exchanges to vaults or DeFi protocols to earn passive income through staking or yield farming, to secure tokens for long-term holding, or to prepare for governance voting. Moving tokens off exchanges can also reduce the risk of exchange hacks. Q3: Does this transfer mean LIT price will go up or down? While a deposit into a vault can reduce available exchange supply—potentially bullish—the immediate 3.26% price drop suggests other factors are influencing the market. On-chain data should be considered alongside broader market trends, not in isolation. This post Whale Transfers $3.55M in LIT Tokens From OKX, Bybit to Lighter Vault first appeared on BitcoinWorld .

13 May 2026, 09:46

Dogecoin price jumps as Bitcoin rebounds above $80K amid short squeeze

Bitcoin has made a swift recovery after temporarily dropping below $80,000 on Tuesday. The leading cryptocurrency is now approaching the $81,000 level. Dogecoin (DOGE) is trading in the green on Wednesday after experiencing two consecutive days of losses earlier this week. This recovery aligns with a surge in short liquidations over the last 4 hours across the crypto market, hinting at a potential upside shift. Dogecoin should clear above its 200-day Exponential Moving Average (EMA) at $0.1224 for further gains. Dogecoin rebounds amid early signals of a bullish flip DOGE is the second-best performer among the top 10 cryptocurrencies by market, behind Binance’s BNB coin. It is up by 2% in the last 24 hours and is now trading above $0.11 per coin. The rally comes as the crypto market's risk-on sentiment improved on Wednesday as short-term bulls began to dominate derivatives markets. Data obtained from CoinGlass revealed that total liquidations of $240 million over 24 hours are driven by $180 million in long liquidations, consistent with Tuesday’s decline. However, in the last 4 hours, short liquidations accounted for $17 million of the $21 million total, suggesting a short-term rebound. These brief recoveries often follow overselling, and with Bitcoin holding above $80,000 during Trump’s visit to China, the broader market could experience a prolonged recovery. Furthermore, the DOGE futures Open Interest (OI) shows a minor recovery to $1.7 billion, indicating that buyers retain demand despite the previous day’s wipeout. Finally, a positive funding rate of 0.0057% confirms bullish sentiment, with buyers building long positions at a premium in anticipation of further gains. Dogecoin price forecast The DOGE/USD 4-hour structure is currently bullish as Dogecoin is trading above its 50-day and 100-day Exponential Moving Averages (EMAs) at $0.1024 and $0.1064, respectively. This suggests a mildly bullish bias among traders. The short-term moving averages are still in a mild uptrend, hinting at a potential bullish crossover, while the price remains capped below the 200-day EMA at $0.1248. The momentum indicators also suggest that the buyers remain in control. The Relative Strength Index (RSI) hovers above the midline around 62, hinting at lingering upside pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) just slipped marginally below zero, suggesting momentum is losing some traction after the recent advance. If the bulls remain in control, they would encounter initial resistance at the $0.1161 supply zone and the 200-day EMA at $0.1248. A daily candle close above this level would be needed to unlock a stronger bullish extension, targeting the $0.1500 round figure. However, if the sellers push harder, immediate support would emerge at the 100-day EMA near $0.1064, with the 50-day EMA at $0.1024 providing a secondary floor. Failure to defend these levels could see DOGE drop lower and weaken the near-term constructive tone, exposing a deeper corrective pullback. The post Dogecoin price jumps as Bitcoin rebounds above $80K amid short squeeze appeared first on Invezz

13 May 2026, 09:45

Bitcoin Holds Key Support for Four Weeks, Setting Stage for Potential Short Squeeze

BitcoinWorld Bitcoin Holds Key Support for Four Weeks, Setting Stage for Potential Short Squeeze Bitcoin has demonstrated notable resilience in recent weeks, successfully defending a critical technical support level for four consecutive weeks despite persistent macroeconomic headwinds. According to a recent analysis, this sustained defense could be laying the groundwork for a significant upward move. Technical Indicators Point to Accumulation Analysts have highlighted that Bitcoin’s price has closed above the middle line of the Bollinger Bands on the weekly chart for four straight weeks. This middle line, which represents the 20-week moving average, is often viewed as a barometer of medium-term trend strength. The repeated closes above this level are interpreted by some market observers as a signal that large-scale investors, often referred to as whales, are systematically accumulating Bitcoin during price dips. This pattern suggests a building of underlying demand that could fuel a future rally. The Resistance Zone: A Convergence of Key Levels On the daily chart, Bitcoin is currently trading within a zone where two significant technical barriers converge. The upper Bollinger Band sits near $82,970, while the 200-day moving average is positioned around $82,278. This confluence creates a formidable resistance area. Historically, such zones attract concentrated selling pressure from traders looking to take profits or short the asset. However, the analysis suggests that if Bitcoin can successfully break above this resistance, it could trigger a rapid price increase known as a short squeeze. Understanding the Short Squeeze Potential A short squeeze occurs when a large number of traders who have bet against an asset (by short selling) are forced to buy it back to cover their positions as the price rises, further accelerating the upward momentum. The presence of strong resistance levels often sees an accumulation of short positions, making a breakout above them particularly explosive. For Bitcoin, a move above the $82,000-$83,000 zone could force these short sellers to capitulate, adding fuel to any existing buying pressure. Why This Matters for Investors For those monitoring the cryptocurrency market, this technical setup is significant for several reasons. First, it indicates that despite external economic pressures, including interest rate uncertainty and regulatory developments, Bitcoin’s price structure remains intact. Second, the pattern of accumulation at support levels suggests confidence among larger market participants. A confirmed breakout would not only represent a technical victory but could also signal a shift in broader market sentiment. Investors should watch the $82,000-$83,000 range closely as a key inflection point in the coming days. Conclusion Bitcoin’s ability to hold above its 20-week moving average for a month points to underlying strength. The convergence of the upper Bollinger Band and the 200-day moving average presents a critical test. A decisive break above this resistance could trigger a short squeeze, potentially accelerating Bitcoin’s price higher. While technical analysis is not a guarantee of future performance, the current setup warrants close attention from traders and investors alike. FAQs Q1: What is a short squeeze in cryptocurrency? A short squeeze is a rapid price increase that occurs when traders who have bet on a price decline (short sellers) are forced to buy back the asset to close their positions, which in turn pushes the price even higher. Q2: Why is the $82,000 level important for Bitcoin? The $82,000 level is significant because it is where the upper Bollinger Band and the 200-day moving average converge on the daily chart. This creates a strong technical resistance zone that, if broken, could signal a major trend change. Q3: What does it mean when Bitcoin closes above the 20-week moving average? Closing above the 20-week moving average for multiple weeks is often interpreted as a sign of medium-term strength and can indicate that large investors are accumulating the asset, viewing dips as buying opportunities. This post Bitcoin Holds Key Support for Four Weeks, Setting Stage for Potential Short Squeeze first appeared on BitcoinWorld .

13 May 2026, 09:42

Bitcoin Quick Dip Below $80K Rejected: Bulls Regain Key Support – Next Move?

Some investors might have been nervous as Bitcoin fell below $80K on Tuesday. However, the dip was quite short-lived and the $BTC price bounced from the top of its bear flag and regained the major $80K horizontal support. Is that the extent of this period of negative price action, or could there be more to come? Bear flag trendline holds up the $BTC price Source: TradingView As can be seen in the short-term time frame, the $BTC price fell out of the bull pennant , and also battled to hold the major horizontal support. However, from the bulls’ perspective, the star of the show was the top trendline of the bear flag. This was also pierced, but the price quickly regained this trendline and has since returned to try and hold above the major support and to try and reenter the bull pennant. It may be that the bull pennant could be drawn differently with a lower bottom trendline. This incorporates the latest price action and provides a lot more touches, making this triangle the more valid pattern. Up or down from here? There could be more touches of that lower trendline, but as the bear flag trendline rises to a similar level as the major horizontal level, these two supports should be strong enough to prevent any candle bodies from falling below them. The Stochastic RSI indicators recently touched bottom and are on their way back up. Upside momentum is probably more likely. Battle royale begins Source: TradingView In the daily chart it can be observed that the $BTC price is still trying to consolidate above the major support and the top of the bear flag. This probably won’t be a drawn out process given that the 200-day SMA is bearing down fast on the price action , squeezing it into a narrowing space with the major supports beneath. Something has to give. The 200-day SMA is a very tough proposition to get above, and it’s one of the main factors that tells us if this is a bull or bear market. Bull market is above. Below the price is the major support and the top of the bear flag. While one further thing to consider is that the momentum is currently to the upside. The green circle is where this battle royale is going to take place. By the time the price action leaves this circle we should have a decent idea of its direction. A waiting game in the weekly time frame Source: TradingView In the weekly time frame waiting is the name of the game. Less than half way through the week, anything can still happen. As it stands, the bulls have the upper hand for the short to medium term outlook. Major support is holding, The stochastic RSI indicators are at the top of their range, and there is a breakout in the Relative Strength Index (RSI) above the descending trendline , as can be seen by the green circles. Will this still be the case at the end of the week? Only time will tell. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.