hodler

12 May 2026, 00:15

Pound Sterling Slips From Recent Highs as US CPI and UK GDP Data Loom

BitcoinWorld Pound Sterling Slips From Recent Highs as US CPI and UK GDP Data Loom The British pound edged lower on Tuesday, retreating from the multi-month highs it touched earlier in the week, as currency markets turned cautious ahead of key economic data releases from both the United States and the United Kingdom. The move reflects a broader consolidation phase, with traders reluctant to place large directional bets before the data provides fresh cues on the relative strength of the two economies. Market Moves and Key Levels Sterling had rallied in recent sessions, buoyed by a combination of a weaker US dollar and growing expectations that the Bank of England may hold off on further rate cuts longer than previously anticipated. However, the gains stalled near the 1.2700 resistance level against the dollar, a zone that has capped upside attempts in recent weeks. On Tuesday, GBP/USD traded around 1.2650, down roughly 0.3% from the session high. The euro also softened against the dollar, with EUR/USD slipping back below 1.0800, as the broader market mood turned slightly risk-off. The dollar index, which measures the greenback against a basket of major currencies, recovered some ground after a weak start to the week. US CPI in Focus The primary catalyst for the currency market this week is the release of the US Consumer Price Index (CPI) for March, scheduled for Wednesday. Inflation data has been the dominant driver of Federal Reserve policy expectations, and any upside surprise could reinforce the case for the Fed to keep interest rates higher for longer, supporting the dollar. Economists expect the headline CPI to rise 0.3% month-on-month, with the annual rate holding steady at around 3.2%. Core CPI, which excludes volatile food and energy prices, is forecast to increase 0.3% monthly, keeping the annual rate at 3.8%. A reading above these levels could trigger a sharp dollar rally, while a softer print might renew pressure on the greenback. UK GDP Data on the Horizon Across the Atlantic, the UK will release its monthly GDP estimate for February on Friday. The data is expected to show the economy expanded by 0.1% month-on-month, following a 0.2% expansion in January. A stronger-than-expected reading would support the narrative that the UK economy is emerging from the shallow recession it entered in the second half of 2023, potentially giving the Bank of England more room to maintain a cautious stance on rate cuts. Conversely, a contraction or stagnation could reignite recession fears and weigh on the pound, as markets would likely price in a higher probability of a rate cut at the Bank’s next meeting in May. Currently, money markets are pricing in roughly a 60% chance of a 25-basis-point cut in June, with a cut in May seen as less likely. Why This Matters for Traders The GBP/USD pair is at a technical inflection point. A break above the 1.2700 resistance could open the door to a test of the 1.2800 area, a level not seen since August. On the downside, support is seen at 1.2550, and a break below that could signal a deeper correction toward 1.2400. The upcoming data releases are likely to determine the direction of the next significant move. For UK-based investors and importers, a stronger pound reduces the cost of imported goods, which could help lower inflation. For exporters, a weaker pound makes British goods more competitive abroad. The data this week will therefore have implications beyond just the currency market, affecting corporate earnings and consumer prices. Conclusion The pound’s retreat from its recent highs reflects a market in wait-and-see mode. The US CPI and UK GDP releases will provide critical inputs for both the Federal Reserve and the Bank of England as they navigate the next phase of monetary policy. Until the data is released, volatility is likely to remain contained, with the pound consolidating in a narrow range. Traders should be prepared for sharp moves following the releases, particularly if the data deviates significantly from expectations. FAQs Q1: Why did the pound slip from its recent highs? The pound slipped as traders took profits ahead of key US inflation data (CPI) and UK GDP figures. The market is cautious, and the dollar recovered some ground as investors positioned for the releases. Q2: How could the US CPI data affect GBP/USD? A higher-than-expected CPI reading would likely strengthen the dollar, pushing GBP/USD lower, as it would reinforce expectations that the Federal Reserve will keep interest rates high. A lower reading would have the opposite effect. Q3: What level is key for GBP/USD this week? The 1.2700 resistance level is the immediate upside barrier. A break above it could lead to a move toward 1.2800. On the downside, 1.2550 is the first support, with 1.2400 as the next major level. This post Pound Sterling Slips From Recent Highs as US CPI and UK GDP Data Loom first appeared on BitcoinWorld .

12 May 2026, 00:06

Gold Edges Higher Near $4,750 as Markets Await Key US CPI Data

BitcoinWorld Gold Edges Higher Near $4,750 as Markets Await Key US CPI Data Gold prices edged higher during Asian trading hours on Wednesday, hovering near the psychologically significant $4,750 level as investors adopted a cautious stance ahead of the release of the latest US Consumer Price Index (CPI) inflation data. The precious metal has been consolidating within a tight range this week, reflecting market uncertainty over the Federal Reserve’s next policy move. Market Context and Key Drivers The mild uptick in gold comes as the US dollar index softened slightly, providing some support for dollar-denominated commodities. However, trading volumes remain subdued as market participants await the CPI report, which is expected to offer fresh clues on the trajectory of inflation and, by extension, the Fed’s interest rate path. A higher-than-expected inflation reading could reinforce expectations of a prolonged tightening cycle, potentially weighing on gold prices. Conversely, a softer print might bolster bets on rate cuts, providing a tailwind for the non-yielding asset. From a technical perspective, gold has been oscillating between support near $4,700 and resistance around $4,780 since mid-March. The $4,750 level has acted as a pivot point, with the metal repeatedly testing this threshold without a decisive breakout. Analysts note that a sustained move above $4,780 could open the door toward the $4,800 psychological barrier, while a break below $4,700 may invite selling pressure toward the $4,650 region. CPI Report: What to Watch The US Bureau of Labor Statistics is scheduled to release the March CPI data at 12:30 GMT. Headline inflation is forecast to rise 0.3% month-over-month, with the annual rate holding steady at 3.2%. Core CPI, which excludes volatile food and energy prices, is expected to increase 0.3% monthly, keeping the annual core rate at 3.8%. Market reaction to the data is likely to be sharp, as any deviation from expectations could shift rate expectations. According to the CME FedWatch Tool, markets currently price in a roughly 60% probability of a rate cut at the June meeting. A hot CPI print could reduce those odds, while a cooler reading would reinforce the dovish narrative. Implications for Gold Investors For gold investors, the CPI release represents a key inflection point. Gold has historically been sensitive to real interest rates — the difference between nominal yields and inflation. If inflation proves stickier than expected, real rates may remain elevated, capping gold’s upside. On the other hand, if inflation moderates, real rates could decline, providing a supportive environment for gold. Central bank buying, particularly from China and other emerging market economies, has also provided a structural floor for gold prices. The World Gold Council reported that global central banks added 1,037 tonnes of gold in 2024, marking the third consecutive year of purchases above 1,000 tonnes. This ongoing demand, combined with geopolitical uncertainties, has helped gold maintain its elevated trading range. Conclusion Gold’s drift toward $4,750 reflects a market in wait-and-see mode. The upcoming US CPI report is the primary catalyst that could determine the metal’s near-term direction. A decisive break above or below the current range is likely only after the data release, as traders recalibrate their expectations for Fed policy. For now, caution prevails, and gold remains a closely watched asset in the context of evolving inflation dynamics and monetary policy outlook. FAQs Q1: Why is gold moving higher ahead of CPI data? Gold is edging higher as the US dollar softens and traders position cautiously ahead of the CPI release. The metal often sees low-volatility consolidation before major economic data, with small moves driven by repositioning and hedging activity. Q2: How does CPI data affect gold prices? CPI data influences expectations for Federal Reserve interest rate policy. Higher inflation typically supports rate hikes or a delayed easing cycle, which strengthens the dollar and raises opportunity costs for holding non-yielding gold. Lower inflation has the opposite effect, often boosting gold prices. Q3: What is the key support and resistance for gold right now? Immediate support is near $4,700, with stronger support at $4,650. On the upside, resistance is at $4,780, followed by the psychological $4,800 level. A break beyond these levels could set the direction for the next few weeks. This post Gold Edges Higher Near $4,750 as Markets Await Key US CPI Data first appeared on BitcoinWorld .

12 May 2026, 00:00

FTX/Alameda-Linked Address Unstakes $19.4 Million in Solana, On-Chain Data Shows

BitcoinWorld FTX/Alameda-Linked Address Unstakes $19.4 Million in Solana, On-Chain Data Shows An on-chain address linked to the bankrupt FTX exchange and its trading arm Alameda Research has unstaked 199,000 Solana (SOL), valued at approximately $19.4 million, according to blockchain tracking firm Onchain Lens. The transaction, detected on March 11, 2025, follows a pattern observed in previous movements from wallets associated with the collapsed crypto empire. On-Chain Activity and Historical Patterns The unstaking event is part of a broader series of asset movements from wallets controlled by FTX and Alameda as their bankruptcy estate works to liquidate holdings and repay creditors. Based on past activity, the 199,000 SOL is expected to be split across multiple intermediary addresses before being deposited to major exchanges, primarily Coinbase and Binance. Similar patterns were observed in late 2024 when the estate moved millions in SOL and other tokens ahead of creditor distribution milestones. Blockchain analysts note that the use of multiple intermediate wallets is a standard security practice for large liquidations, designed to avoid market disruption and prevent front-running by automated trading bots. The total SOL holdings under FTX estate management remain substantial, with recent court filings indicating the estate controls over 41 million SOL tokens, representing a significant portion of the network’s circulating supply. Context: FTX Bankruptcy and Asset Recovery FTX filed for Chapter 11 bankruptcy protection in November 2022 following a liquidity crisis that revealed widespread mismanagement of customer funds. Since then, the bankruptcy estate, led by CEO John J. Ray III, has been systematically recovering and liquidating digital assets to maximize returns for creditors. Solana was one of the largest holdings in FTX’s portfolio, alongside Bitcoin, Ethereum, and various altcoins. The estate’s asset management strategy has included staking SOL to generate yield during the recovery process, a move that has drawn both praise for maximizing value and criticism for potential market impact. Unstaking events like this one are closely watched by traders and analysts as they can signal impending sell pressure on the SOL market. Market Implications for Solana While a $19.4 million sell order is relatively modest compared to Solana’s daily trading volume—which averaged over $2 billion in February 2025—the cumulative effect of repeated liquidations from the FTX estate has contributed to periodic price volatility. SOL has traded in a range between $95 and $120 over the past month, with the broader crypto market reacting to macroeconomic factors and regulatory developments. Analysts caution that the FTX estate’s liquidation schedule remains opaque, making it difficult for traders to price in future supply. However, the estate has publicly committed to conducting sales in an orderly manner to minimize disruption, and court-appointed supervisors monitor all transactions. Conclusion The latest SOL unstaking from an FTX/Alameda-linked address is a routine step in the ongoing bankruptcy process, not an unexpected event. For readers, the key takeaway is that the estate continues to methodically liquidate assets as part of its court-approved plan to repay creditors. While short-term market effects are possible, the long-term impact on Solana’s price will depend more on network fundamentals, adoption trends, and broader market conditions than on these scheduled movements. FAQs Q1: Why does the FTX estate unstake SOL instead of selling it directly? The estate stakes SOL to earn yield while the bankruptcy process unfolds, maximizing the value of assets for creditors. Unstaking is required before the tokens can be transferred or sold on exchanges. Q2: Will this SOL sale crash the price of Solana? Unlikely. The $19.4 million amount is small relative to Solana’s daily trading volume. The estate has also committed to orderly sales to avoid market disruption. Q3: How much SOL does the FTX estate still hold? According to recent court filings, the estate controls over 41 million SOL tokens, though the exact amount may change as the liquidation process continues. This post FTX/Alameda-Linked Address Unstakes $19.4 Million in Solana, On-Chain Data Shows first appeared on BitcoinWorld .

11 May 2026, 23:39

SUI Price is Up 40% Since Last Week; What Coming Next?

The SUI price gave a decisive breakout from the traditional reversal pattern called double-bottom setup. SUI supply crunch deepens after treasury wallet transfers 2.7% of total supply to Staking High-networth investors accelerates on SUI buying while retail traders continue avoiding the rally. SUI, the native cryptocurrency of the SUI blockchain is down 2.18% on Monday to currently trade at $1.3. The intraday pullback aligns with broader market pullback amid escalating geopolitical tension in the middle east. However, the SUI price shows strong resilience above $1.25 floor with long-tail rejection candle as multiple factors are bolstering the asset for higher recovery. SUI Price Surge Driven by Institutional Supply Lockup The SUI price surged by 50% in just 36 hours around May 10, rising from around $0.92 to a peak of $1.39, before ending around $1.26. This move stood out for its unusual characteristics: trading volume jumped dramatically from $213 million to $2.5 billion, yet social media chatter remained subdued throughout the rally. The primary catalyst appears to be a significant on-chain action by SUI Group Holdings. The entity transferred its entire treasury of 108.7 million SUI tokens, representing around 2.7% of the total supply, from DeFi protocols to direct staking on Sunday. The transfer further compressed the amount of available liquidity in circulation in the market, as approximately 74% of SUI is already staked. Unlike most retail-led rallies that are fuelled by hype and viral content, this was a selling-off period by big investors as they opted for long-term investment over selling the tokens. This difference is highlighted by a chart of social dominance. A slight increase of 0.38% of attention was observed prior to the move, but while attention climbed, it remained between 0.13% and 0.15% of dominance throughout the price increase. The muted discussion was in sharp contrast to the typical pattern of FOMO that can be found across many of the other tokens, where a big surge in social volume is often followed by or predicted with big gains. SUI Price / Social Dominance Further progress probably bolstered sentiment. CME Group plans to offer futures on the blockchain-based SUI on May 29, the fifth to do so among the layer-1 blockchains. There were also narrative layers to cross-border payments in Africa which were provided by the partnership with Paga. It showcases how institutional decision making about tokens can tweak short-term market dynamics in a more subtle way than retail fervor. The staking transfer eliminated a lot of float from active trading, adding to a steady environment for price appreciation. The sudden surge in coin price triggered a cascading liquidation of short-positioned trades, with $20.05 Million, according to Coinglass. This classic short-squeeze forces these sellers to close their active position in the market with buy-order, further accelerating the buying pressure in the market. Sui Total Liquidations Chart To conclude, SUI’s recent behaviour was more about structural supply mechanics than hype – a point worth considering in the current turbulent market climate as basic on-chain fundamentals remain relevant. Trump Slams Iran Ceasefire as ‘Unbelievably Weak’ As of now, the SUI price is down roughly 2.18% to currently trade at $1.29, while the market cap is $5.17 billion. The downtick follows broader market momentum as Bitcoin also plunged approximately 0.5% amid the escalating military tension between the U.S. and Iran. The pullback followed some recent comments from U.S president Donald Trump in the Oval Office during an event on maternal health. He rejected Iran’s reply to the latest U.S. peace proposal, which had been passed through Pakistani mediators. Trump described the Iranian response as “a piece of garbage” that he did not finish reading, and “unacceptable. He also slammed the current ceasefire, calling it “unbelievably weak” and saying it’s “on massive life support. The comments seemed to have dampened investor sentiment in digital assets. SUI Whale Accumulation Outpaces Retail as Delta Turns Positive Alphractal data shows that SUI whales were gathering tokens, whereas the retail investors were watching price action from the sidelines. Despite the price of the asset remaining unchanged, the whale-versus-retail delta turned green. The top traders went long/short with their trades for a long time. The buy side dominated funding rates, which remained neutral. The divergence is visible in the most recent whale vs retail delta chart which indicates the changing conviction of larger whales and the smaller market participants. Historically, the trend of whale buying and retail caution has acted as a key reversal point in the market. The retail buyers often enter the rally a bit late when the major move is already printed. SUI Price Attempt Breakout From Multi-Month Channel Pattern In the past two weeks, the SUI price has witnessed an upright rally from $0.88 to $1.29, registering a gain of 47%. An analysis of the daily chart shows this upswing gave a decisive breakout from the $1.08 neckline of a double-bottom pattern. This classic reversal pattern emerges as a W-shaped reversal from the key support zone, offering an opportunity for renewed recovery. However, the coin price faces renewed selling pressure at 200-day exponential moving averages, and dropped for a post-rally pullback. This drop could potentially drag SUI price to $1.2 or $1.08 to seek stable support and renewed its exhausted bullish momentum. The rising EMAs (20 and 50) could offer additional support for buyers. If this support holds, the SUI SUI -3.16% price could reattempt an extended recovery above $1.35 barrier. The momentum indicator RSI (Relative Strength Index) surged to 78% indicating a strong bullish sentiment in the market that supports further recovery. SUI/USDT -1d Chart However, if the price breaks below the $1.08 support, the sellers could strengthen their grip over this asset to drive and revert to $1 support.

11 May 2026, 23:37

Spot Solana ETFs post biggest inflows since February as traders eye $120 SOL

Spot Solana ETFs have recorded their strongest inflow streak since February as investors position for a potential move toward $120 for SOL. Spot SOL ETFs captured more than $39 million in net inflows over the last week, a period when futures market activity spiked, revealing that both traditional investors and crypto traders are placing increasing wagers on Solana’s next move higher. Solana’s native token is up about 15% over the past seven days, trading near $97 . The move higher is being reinforced by aligned ETF inflows, increased derivatives positioning, and improving technical momentum—factors that together are restoring bullish sentiment after months of subdued price action. ETF inflows and futures activity fuel bullish sentiment ETF inflows are being viewed as a key signal of growing institutional interest in Solana. Analysts note that consistent inflows over recent sessions suggest that large investors are gradually increasing exposure to the asset. The most recent inflow momentum came from Bitwise’s BSOL ETF , which saw net inflows of around $36 million over the past week. Fidelity’s FSOL ETF has raised a new round of more than $1.8 million in fresh capital. BSOL has received over $861 million in inflows since its launch (over 81% of the existing spot Solana ETF inflows). There are about $1.06 billion cumulative inflows across spot SOL ETFs. Also supporting the ETF momentum is increased activity in the derivatives market. Solana futures open interest soared to $6.4 billion from $4.94 billion on May 1. There was an increase in the aggregated spot cumulative volume delta (CVD), with the difference between buying and selling orders rising to nearly $250 million from $163 million over five days, as SOL moved toward the $96 level. Meanwhile, futures CVD increased to about $593.6 million after steady growth from May 5 onward. Analysts suggest this will indicate that buyers keep buying on sell-side liquidity and that, in a volatile time, bullish traders are hanging in, hanging out. SOL price, aggregated open interest, spot, and futures CVD and funding rate. Source velo.chart Funding rates have also remained positive at around 0.065%, indicating that traders remain willing to pay premiums to maintain long futures positions. Why are traders watching the $120 level? It is common for technical analysts to describe a double-structure base forming on higher time-frame charts. The trend is thus viewed as a bullish reversal signal, especially after long downtrends. Under a confirmed breakout, analysts think potential for the chart structure to pave the way for a move to the $120 region. Then the technical setup becomes meaningful again, as Solana recently broke its 100-day exponential moving average for the first time since October 2025. And traders generally consider this indicator a sign that market momentum may be returning to buyers. Analysts also observe little if any resistance between the $95 and $120 levels since Solana’s sharp 42% correction earlier this year. That could accelerate price movement if the buying pressure persists. But short-term momentum has begun to turn softer, towards the $95- $96 range. Over the past 24 hours, spot buying activity and trading volume have flattened, suggesting traders are waiting for confirmation before lifting prices. Some analysts say Solana’s recent upturn against Bitcoin may support further upside. SOL recently broke above a 231-day downtrend in the SOL/BTC daily chart, noted crypto analyst BATMAN . That breakout, according to the analyst, indicates that relative strength is improving against Bitcoin. Should Solana experience a short-term pullback, the analyst identified the $89- $91 region as the closest support area. If held above that area, perhaps maintaining bullish momentum and further strengthening the case for a continued rally would be beneficial. Institutional demand through ETFs is also emerging as a prominent pillar of Solana’s market structure. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

11 May 2026, 23:30

Ethereum Cools Off Below $2,450 – Lower Leverage Sets The Stage For A Breakout

Ethereum is testing resistance as the market heats up and buyers attempt to force a decisive break above the level that has capped the recovery for nearly a month. The price action is building toward a resolution — and top analyst Darkfost has examined the derivatives data behind the current setup in a way that adds structural context to both the consolidation and what it might take to end it. Related Reading: Ethereum Is Going Up While Shorts Are Piling In: Find Out What Usually Follows Ethereum has been trading between $2,250 and $2,450 for close to a month, a range that formed immediately after a 33% rally from the February lows. That rally was not quiet. Open interest increased by approximately $4.5 billion during the move, confirming a significant resurgence in derivatives participation. What Darkfost identifies as particularly revealing is the funding rate picture throughout the same period. Despite the 33% rally, the surge in open interest, and the elevated leverage ratio, funding rates remained mostly negative. The majority of derivatives participants were not riding the recovery. They were betting against it — maintaining bearish positioning even as the price moved significantly higher, accumulating the kind of short exposure that creates structural pressure in the market above the price. The Leverage Has Been Cleared. Now the Real Test Begins Darkfost’s current reading of the leverage ratio adds the forward context that makes the consolidation phase intelligible. The Estimated Leverage Ratio on Binance has declined sharply from its 0.76 peak to 0.57. A significant reduction in the derivatives exposure that had built during the rally. That decline occurred while Ethereum was once again testing the $2,450 resistance level, which creates the specific market structure the analysis examines. The ratio decline has two explanations that reinforce rather than contradict each other. Long positions that had been opened in anticipation of a breakout were closed when ETH pulled back toward $2,350 — traders who positioned for the move took the pullback as their exit signal. Simultaneously, the short positions that had been accumulating during the rally with negative funding were closed or liquidated as the price pushed higher. Both cohorts reduced their exposure during the same period. Darkfost is precise about what that combination means. A declining leverage ratio during a resistance test is not a bearish signal. It describes a market that is becoming structurally cleaner. Less fragile, less vulnerable to cascade liquidations, and more capable of sustaining a genuine move if the right catalyst arrives. The caveat the analysis preserves is the most important forward condition. Derivatives activity clearing out is a necessary but insufficient condition for a breakout. What must replace the leverage as the driving force is spot demand — real buyers committing capital in the actual asset rather than positioning through derivatives. Until spot demand arrives and takes over, the cleared leverage creates the conditions for a breakout without guaranteeing one. Related Reading: 14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It Below $80K Ethereum Consolidates Below Resistance As Momentum Slows Ethereum continues trading inside a tight consolidation range around $2,300–$2,400 after recovering sharply from the February capitulation lows near $1,750. The chart shows a market that successfully stabilized after the selloff but has not yet generated enough momentum to transition into a sustained bullish trend. Price is currently compressing directly beneath the 100-day moving average, which continues acting as a key dynamic resistance zone. Multiple breakout attempts above the $2,400 area have failed over the past several weeks, confirming that sellers remain active at higher levels. However, ETH has also consistently defended the rising 50-day moving average near the $2,200 region, creating a narrowing structure between support and resistance. Related Reading: Bitcoin Found Support Where Recent Buyers Can’t Afford to Lose: Discover the Mechanics This compression reflects a market entering a decision phase. Volatility has declined considerably compared to the February-March recovery period, while volume has also moderated. That combination often signals temporary equilibrium between buyers and sellers before a larger directional move develops. The broader structure remains mixed. Ethereum is still trading below the declining 200-day moving average, which continues sloping downward and reinforces the longer-term bearish pressure that began after the rejection from 2025 highs. A confirmed breakout above $2,400 could shift momentum toward the $2,700 region. Failure to hold the 50-day moving average would likely expose Ethereum to another retest of lower support zones near $2,050. Featured image from ChatGPT, chart from TradingView.com