hodler

13 May 2026, 09:40

Bitcoin’s Next Target: $85K, Says Analyst Who Sees No Reason for Sudden Drop

BitcoinWorld Bitcoin’s Next Target: $85K, Says Analyst Who Sees No Reason for Sudden Drop Bitcoin has been on a volatile ride in recent weeks, but one prominent crypto analyst sees the current pullback as lacking a clear catalyst for further downside. Michaël van de Poppe, founder of MN Trading, argues that the leading cryptocurrency is poised to resume its upward trajectory, targeting the $85,000 to $88,000 resistance zone. Analyst: No Fundamental Reason for the Drop In a detailed market analysis, van de Poppe stated that there is no obvious fundamental reason for Bitcoin’s recent price decline. He noted that the current market structure does not support a sustained bearish move, despite growing chatter about a potential ‘bear flag’ pattern that could lead to a drop toward $50,000 later this year. Van de Poppe drew comparisons to previous market panics, including the sharp February correction, the COVID-19 crash of March 2020, and the prolonged 2018 bear market. In each case, widespread predictions of further losses were followed by significant recoveries. He cautioned against relying solely on pattern-based bearish narratives without considering the broader macro context. Technical Indicators Point Higher Van de Poppe highlighted several technical factors supporting his bullish outlook. Bitcoin is currently trading above its 21-day moving average (MA), a key short-term trend indicator. More importantly, the asset has successfully broken through prior resistance levels and converted them into support zones, a classic sign of bullish continuation. He also pointed to sustained buying pressure and a strong correlation with the Nasdaq, which has been resilient despite macroeconomic headwinds. This alignment suggests that institutional demand for risk assets, including Bitcoin, remains intact. Key Levels to Watch While van de Poppe’s primary target is the $85,000 to $88,000 resistance zone, he acknowledged that a retest of the $70,000 to $75,000 range is possible before any further upside. He emphasized that such a move would likely be a healthy correction within an ongoing uptrend rather than the start of a deeper decline. For traders, the analyst recommends watching for a confirmed breakout above $78,000 as a trigger for the next leg higher. A failure to hold above the 21-day MA could signal a temporary pause, but van de Poppe sees no reason for a catastrophic drop. Why This Matters for Bitcoin Investors The debate between bullish and bearish narratives is central to Bitcoin’s current market phase. With the asset trading in a relatively tight range after its sharp rally earlier this year, many retail and institutional investors are looking for directional clarity. Van de Poppe’s analysis provides a counterpoint to the bear flag theory, which has gained traction on social media. His emphasis on technical structure and macro correlation offers a more nuanced view than simple pattern-based predictions. If Bitcoin does reach the $85,000 to $88,000 zone, it would represent a significant psychological victory for bulls and could open the door to a test of all-time highs. Conversely, a failure to hold current support levels would likely trigger renewed debate about the sustainability of the broader crypto rally. Conclusion While the short-term direction of Bitcoin remains uncertain, analyst Michaël van de Poppe presents a data-driven case for continued upside. His analysis underscores the importance of looking beyond bearish patterns and considering technical strength, macro trends, and historical precedent. For now, the path of least resistance appears higher, with $85,000 as the next major milestone. FAQs Q1: What is the bear flag pattern in Bitcoin? A bear flag is a technical chart pattern that suggests a potential continuation of a downtrend after a brief pause. It forms when price consolidates in a small upward-sloping channel after a sharp decline, often leading to another leg lower. However, analysts like van de Poppe argue that this pattern may not be reliable in the current macro context. Q2: Why is the Nasdaq correlation important for Bitcoin? Bitcoin has increasingly traded in tandem with tech-heavy indices like the Nasdaq, reflecting its growing status as a risk-on asset among institutional investors. A strong Nasdaq often signals positive liquidity conditions and risk appetite, which can support Bitcoin prices. Q3: What is the 21-day moving average and why does it matter? The 21-day moving average (MA) is a short-term technical indicator that smooths out price fluctuations over a three-week period. When Bitcoin trades above this level, it is generally considered to be in a short-term uptrend. A break below it can signal a shift in momentum. This post Bitcoin’s Next Target: $85K, Says Analyst Who Sees No Reason for Sudden Drop first appeared on BitcoinWorld .

13 May 2026, 09:35

Bithumb to Halt Shentu (CTK) Deposits and Withdrawals for Network Upgrade on May 19

BitcoinWorld Bithumb to Halt Shentu (CTK) Deposits and Withdrawals for Network Upgrade on May 19 Bithumb, one of South Korea’s largest cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for Shentu (CTK) to accommodate an upcoming network upgrade. The halt will take effect at 9:00 a.m. UTC on May 19. Details of the Suspension The exchange stated that the suspension is necessary to support the Shentu network’s upgrade, which typically involves protocol changes, security enhancements, or performance improvements. During this period, CTK trading on Bithumb is expected to continue as normal, though users will not be able to move tokens into or out of their exchange wallets. Bithumb has not yet specified the exact duration of the suspension, but such maintenance windows often last several hours to a full day, depending on the complexity of the upgrade. The exchange has advised users to complete any pending CTK transactions before the cutoff time to avoid delays. Why This Matters for CTK Holders Network upgrades are routine in the cryptocurrency space, often introducing new features or fixing vulnerabilities. For Shentu, a blockchain focused on security and cross-chain interoperability, upgrades can enhance its core infrastructure. However, temporary suspensions can create short-term liquidity constraints for traders who wish to move assets during the maintenance window. Users holding CTK on Bithumb should monitor the exchange’s official announcements for updates on when services will resume. It is also advisable to review the Shentu project’s own upgrade notes to understand any potential changes to the network’s functionality. Implications for Traders While the suspension may cause minor inconvenience, it is a standard operational procedure designed to ensure network stability. Traders who rely on rapid arbitrage or frequent transfers should plan accordingly. The event is unlikely to have a lasting impact on CTK’s market price unless the upgrade introduces significant protocol changes that affect tokenomics or utility. Conclusion Bithumb’s temporary suspension of CTK deposits and withdrawals is a precautionary measure tied to a scheduled network upgrade. Users are encouraged to act before the May 19 deadline and stay informed via official channels for post-upgrade service restoration timelines. FAQs Q1: When exactly will Bithumb suspend CTK deposits and withdrawals? The suspension begins at 9:00 a.m. UTC on May 19. Q2: Will CTK trading still be available during the suspension? Yes, Bithumb has indicated that trading will continue as usual. Only deposits and withdrawals will be temporarily halted. Q3: How long will the suspension last? Bithumb has not provided a specific end time. Users should check official announcements for updates after the upgrade is completed. This post Bithumb to Halt Shentu (CTK) Deposits and Withdrawals for Network Upgrade on May 19 first appeared on BitcoinWorld .

13 May 2026, 09:34

Injective jumps 15%: can INJ rally next target the $10 breakout?

Injective (INJ) price has climbed sharply over the past 24 hours, with the INJ token pumping by more than 15% as the wider crypto market received a fresh bid. This comes as Bitcoin looks to bounce above $81,000, targeting recent highs amid an upbeat sentiment that's lifting risk assets. Could the double-digit pump put bulls on course for more gains, or will bears show strength? Injective pumps, lead altcoins higher Injective price today puts it at the top as the biggest mover in the past 24 hours. The token is up more than 15%, with the double-digit bounce pushing INJ to highs last seen in early 2026. But Injective is not just outpacing all large-cap cryptocurrencies on the day; it's also dwarfing its peers. Currently, INJ is ahead of other notable gainers such as Celestia, Stacks, and Near Protocol. The broad strength suggests the rally is not isolated to one asset. However, Injective is one of the day’s standout gainers, largely driven by a sharp rise in activity. Per CoinMarketCap, daily trading volume increased by roughly 86% to more than $283 million within this period. During the latest session, INJ touched intraday highs above $5.55 as buyers stepped in aggressively. INJ is up 40% in the past week and nearly +90% in the past month. The surge has recently been supported by a mix of network-related catalysts. It includes progress around USDC and CCTP integration, which can improve interoperability and make the network more attractive for on-chain liquidity. https://twitter.com/injective/status/2054366523850944736 Injective’s deflationary tokenomics have also remained a key talking point among holders, helping reinforce the bullish narrative. Also on the radar are pre-IPO stocks coming onchain amid fresh interest in the assets. Injective price analysis As noted, the latest double-digit advance has pushed INJ to a five-month high last seen in January 2026. That breakout is significant, but it also raises the risk of near-term consolidation as traders will likely look at locking in gains after the sharp move. One indicator bulls might have eyes on is the relative strength index. The daily RSI, which is extended into overbought territory, may signal that Injective is due for a brief pullback or cooling period. When momentum indicators stretch too far too fast, price often pauses before attempting another leg higher. Injective price chart by TradingView If buyers can defend support on any retracement, INJ could remain on track to test the $6 to $8 resistance zone. Rallying to the $10 mark could embolden buyers further. For now, the combination of improving market sentiment, strong volume, and favorable network developments gives bulls a credible case. However, sustaining the rally will likely depend on whether INJ can absorb selling pressure and hold above recent support. If profit-taking intensifies, the first key support area to monitor is the recent breakout region around the $5 range. A deeper drop could expose lower support levels near the psychological $4-$3.50 area, where bulls may need to step in to preserve the broader uptrend. The post Injective jumps 15%: can INJ rally next target the $10 breakout? appeared first on Invezz

13 May 2026, 09:30

Address Tied to Billions Team Deposits $1.7M in BILL Tokens to Bitget, On-Chain Data Shows

BitcoinWorld Address Tied to Billions Team Deposits $1.7M in BILL Tokens to Bitget, On-Chain Data Shows On-chain monitoring service Onchain School reported that a wallet address suspected of belonging to the Billions (BILL) team deposited 10 million BILL tokens, valued at approximately $1.7 million, to the Bitget exchange about 30 minutes ago. The address, which begins with 0x382b, was created recently but had previously received a substantial amount of tokens from a known team-controlled address. What the On-Chain Data Reveals According to Onchain School’s analysis, the deposit wallet is newly created but its token origin traces back to a team address. This pattern is often interpreted by market observers as a potential precursor to selling. When large holders move tokens to exchanges, it typically signals an intention to liquidate holdings, which can create downward price pressure. At the time of writing, BILL is trading at $0.1957, reflecting a 31.87% increase over the past 24 hours according to CoinMarketCap. The price surge appears to have preceded or coincided with the deposit activity, though a direct causal link has not been established. Market Implications and Context Billions is a meme-inspired cryptocurrency that has attracted significant retail attention in recent weeks. Large deposits by team-associated wallets are closely watched by traders because they can indicate insider sentiment. While a deposit does not guarantee an immediate sale, the action reduces the barrier to sell and often triggers caution among short-term holders. It is important to note that the address has not yet executed any sell orders. The on-chain data only confirms the transfer to the exchange. Whether the tokens will be sold, held, or moved again remains unknown. Why This Matters to BILL Holders For current BILL holders, this development introduces an element of uncertainty. Team deposits to exchanges have historically preceded price corrections in other meme coin projects. However, the 31% price gain suggests that buying pressure remains strong in the short term. Investors should weigh the on-chain signal against broader market conditions and project fundamentals. Conclusion The deposit of 10 million BILL tokens by a team-linked address to Bitget is a noteworthy on-chain event that warrants monitoring. While it does not confirm an imminent sell-off, it adds a layer of risk for traders. The coming days will reveal whether the team intends to liquidate or if this is part of a routine treasury management strategy. FAQs Q1: Does the deposit guarantee that the Billions team will sell? No. Depositing tokens to an exchange is a preparatory step that makes selling possible, but it does not confirm that a sale has occurred or will occur. The team may have other reasons for the transfer. Q2: How much is 10 million BILL worth? At the current price of $0.1957, 10 million BILL is valued at approximately $1.957 million. Q3: Should I sell my BILL tokens because of this news? This article does not provide financial advice. On-chain data is one of many factors to consider. Investors should conduct their own research and assess their risk tolerance before making trading decisions. This post Address Tied to Billions Team Deposits $1.7M in BILL Tokens to Bitget, On-Chain Data Shows first appeared on BitcoinWorld .

13 May 2026, 09:25

SEC greenlights NYSE rule change for blockchain-based stock token pilot

BitcoinWorld SEC greenlights NYSE rule change for blockchain-based stock token pilot The U.S. Securities and Exchange Commission has formally allowed a New York Stock Exchange rule change that paves the way for a pilot program tokenizing shares of major companies and exchange-traded funds on blockchain infrastructure. The amendment, submitted by the NYSE on May 1 and published by the SEC on May 12, is now in effect. What the new rules allow Under the approved framework, institutions qualified by the Depository Trust & Clearing Corporation for its pilot program can trade tokenized versions of stocks and ETFs using distributed ledger technology. The tokenization scope is limited to components of the Russell 1000 index and ETFs that track major benchmarks. Each token will carry the same ticker symbol as its underlying security and grant identical shareholder rights, including dividend distributions, trading priorities, and fee structures. This means token holders will have the same legal and economic standing as traditional shareholders. Timeline and rollout The DTCC pilot program is set to run for three years. The corporation previously indicated that trading of these tokens would begin in July, with a more comprehensive platform expected to launch in October. The phased rollout suggests the DTCC is approaching tokenization cautiously, testing settlement and custody mechanics before expanding. Why this matters for markets The approval marks a significant step toward integrating blockchain technology into the core infrastructure of U.S. capital markets. Tokenization could reduce settlement times, lower operational costs, and enable more efficient collateral management. However, the pilot’s narrow scope—limited to Russell 1000 stocks and major index ETFs—indicates regulators are taking a measured approach, prioritizing system stability over rapid expansion. For institutional investors, the program offers a controlled environment to test blockchain-based trading without disrupting existing market structures. The three-year timeline provides sufficient data for regulators to assess risks related to custody, liquidity, and market integrity before considering broader adoption. Conclusion The SEC’s approval of the NYSE rule change represents a carefully calibrated regulatory green light for tokenized securities in the U.S. market. While the pilot program is limited in scope and duration, it establishes a precedent for how traditional exchanges and clearing houses can experiment with blockchain technology within the existing regulatory framework. Market participants should watch the July and October rollout milestones closely for early signals on scalability and institutional appetite. FAQs Q1: Which securities can be tokenized under this pilot program? Only stocks that are components of the Russell 1000 index and ETFs tracking major indices are eligible. This excludes smaller companies and alternative asset classes. Q2: Will token holders have the same rights as regular shareholders? Yes. The tokens carry identical shareholder rights, including dividends, voting where applicable, trading priorities, and fee structures as the underlying securities. Q3: How long will the pilot program run? The DTCC pilot program is approved for three years, with initial trading expected to begin in July and an expanded platform launch planned for October. This post SEC greenlights NYSE rule change for blockchain-based stock token pilot first appeared on BitcoinWorld .

13 May 2026, 09:21

Bitcoin Stalls at $82,000 Wall as Hot CPI Print Wipes Out 2026 Rate Cut Expectations

Bitcoin closed the week at approximately $80,960, down 0.76% across seven days of trading that saw the price touch $82,000 twice before being rejected at that level on both occasions. The pattern has now repeated four times in the current cycle, establishing $82,000 as a technical and macro resistance level that has hardened with each failed breakout attempt. The final catalyst of the week was Tuesday’s April CPI report showing annual headline inflation at 3.8%, the highest reading since 2023 and above the 3.7% consensus forecast. That single data point pushed rate cut expectations from 2026 entirely into 2027, lifted bond yields, and removed the easy-money macro tailwind that had quietly supported Bitcoin’s recovery from the roughly $63,000 level traded in early February. The relationship between Bitcoin and Federal Reserve policy expectations has become increasingly mechanical in the post-ETF era, as institutional capital now dominates flows in and out of the asset in ways that retail sentiment alone never could. When the CPI landed, yields moved immediately, the dollar strengthened, and risk assets including Bitcoin surrendered gains that had built over several weeks of improving sentiment. Ethereum was hit harder, falling 3% on the day to approximately $2,259, underperforming Bitcoin and reflecting the higher beta typically associated with second-tier crypto assets when macro conditions tighten. BlackRock’s iShares Bitcoin ETF, IBIT, recorded $269 million in net inflows in a single session last week, the highest single-day figure in five weeks, and total weekly ETF inflows across all Bitcoin products reached $858 million. That institutional demand has been the structural support beneath the market during a period when price action has been uninspiring. Strategy, formerly MicroStrategy, continued its weekly Bitcoin accumulation, purchasing another 535 BTC despite the price stagnation, the smallest weekly addition of 2026 but a signal that the company’s long-term thesis remains unchanged. Exchange reserves near seven-year lows and sustained buying by wallets holding more than 1,000 BTC provide the on-chain underpinning that analysts point to when arguing the current consolidation is accumulation rather than distribution. Funding rates in perpetual futures markets remain neutral, having shifted away from the negative readings that indicated heavy short positioning earlier in the year. The shift away from short pressure suggests the short squeeze dynamic that carried Bitcoin from $66,000 to $82,000 has largely played out, and the next directional move will be determined by macro triggers rather than technical positioning. The Digital Asset Market Clarity Act Senate Banking Committee markup, scheduled for Thursday, May 14, represents the most significant near-term fundamental catalyst for the market. A credible advance of the bill would provide regulatory clarity on digital asset classifications, custody, and jurisdictional boundaries between the SEC and CFTC, exactly the kind of structural certainty that institutional capital has been waiting for before deploying at scale. Polymarket currently prices a 75% probability of the CLARITY Act becoming law in 2026. If the markup produces a clean result and the bill advances toward a full Senate vote, Bitcoin has a clear path toward the $85,000 level that both on-chain analysts and options positioning have flagged as the next structural threshold.