Invest ideasNews
22 May 2026, 07:00
New Bitcoin Lows? Analysts Say Chances Are ‘Extremely Slim’
Binance pool miner reserves slipped from 41,987 to 41,915 in May, a small but telling sign that selling pressure from miners has not fully stopped. Crypto analysts said that because Binance Pool controls a major share of global hash rate, its behavior tends to reflect how Bitcoin miners feel before the broader market catches on. Related Reading: Bitcoin Treasury Company Nakamoto Takes Action To Prevent Stock Slide The Miner Position Index remains below historical panic-selling levels, and the Puell Multiple — a gauge of miner revenue relative to long-term averages — is still under one. Analysts described the current miner behavior as a “wait phase,” a pattern that has appeared near cycle bottoms before. Long-Term Holders Take Over The Supply Side More than 70% of all circulating Bitcoin is now sitting in the hands of investors who have held for at least a year. That figure crossed back above 15 million BTC for the first time since October 2025, according to data from CryptoQuant. 🚨 $BTC Long Term Holders Just Flashed The Signal That Preceded Every Major Expansion Phase Since 2012.#Bitcoin The 1Y+ Long Term Holder metric has now dropped back into the historical “oversold” accumulation zone, a region that previously appeared before explosive upside… pic.twitter.com/9ZHwKFJRm9 — CryptoZeno (@CrypZeno) May 20, 2026 Analyst CryptoZeno said the one-year-plus holder metric has returned to a zone that, in past cycles, came just before major price climbs. Based on reports citing CryptoZeno’s analysis, similar readings appeared ahead of upside moves in 2013, 2016, 2019, and late 2022. When these holders are buying instead of selling, available supply tightens — and historically, that has not been a good time to bet on lower prices. A Key Technical Signal Flips Bullish The weekly Relative Strength Index for Bitcoin retested the 50 level this week, triggering a bullish read from crypto analyst Sykodelic. That retest came 105 days after Bitcoin’s weekly RSI fell into oversold territory — only the fourth time that has happened on record. Sykodelic noted that three of those four instances led to long-term price expansion. The one exception was 2022, when the FTX collapse dragged the market to new lows after an initial recovery attempt, and the RSI never managed to reclaim the 50 level during that move. This time, it did. The chance of new lows has become extremely slim. It has now been 105 days since the cycle low, in which the 1W RSI entered oversold… Only for the 4th time ever. The only time Bitcoin made new lows after 105 days after the bottom was in the last cycle. However, the RSI had… pic.twitter.com/ej7vReV8H6 — Sykodelic 🔪 (@Sykodelic_) May 20, 2026 Odds Of A Drop Below $60,000 Called ‘Extremely Slim’ Taken together, analysts say the data points away from a fresh breakdown. The combination of long-term holders accumulating near historical lows, a technical indicator flipping positive for the first time since February, and miner behavior consistent with past bottoms has analysts broadly aligned on one view. Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive Order The odds of Bitcoin falling below $60,000 again, Sykodelic said, have become extremely slim. Whether that confidence holds will depend on whether the market can avoid the kind of external shock — like a major exchange failure — that broke the pattern in 2022. Featured image from Yellow, chart from TradingView
22 May 2026, 07:00
AUD/USD Price Forecast: Losses Hold Below 0.7150 as Descending Wedge Pattern Emerges
BitcoinWorld AUD/USD Price Forecast: Losses Hold Below 0.7150 as Descending Wedge Pattern Emerges The Australian dollar continues to trade under pressure against the US dollar, with the AUD/USD pair holding losses below the 0.7150 level. Technical analysts are now observing the formation of a descending wedge pattern on the daily chart, a structure that often signals a potential reversal or continuation depending on the breakout direction. Technical Breakdown: The Descending Wedge A descending wedge is characterized by converging trendlines that slope downward, with price action making lower highs and lower lows within a narrowing range. In the case of AUD/USD, the pair has been tracing this pattern since early March, with resistance near 0.7160 and support gradually declining toward 0.7100. Traders watch for a breakout above the upper trendline as a bullish signal, while a breakdown below the lower trendline could accelerate losses. Volume patterns and momentum indicators, such as the Relative Strength Index (RSI), are currently neutral, offering no clear directional bias. Fundamental Drivers Weighing on the Aussie The Australian dollar’s weakness reflects multiple headwinds. The Reserve Bank of Australia (RBA) has maintained a cautious stance, keeping interest rates steady while inflation remains above target but shows signs of cooling. Meanwhile, the US dollar has found support from resilient US economic data and hawkish commentary from Federal Reserve officials, which has reinforced the interest rate differential favoring the greenback. Commodity prices, particularly iron ore and coal, have also softened in recent weeks, reducing export revenue expectations for Australia. This adds to the bearish sentiment surrounding the currency. Key Levels to Watch Immediate resistance for AUD/USD stands at 0.7150, followed by the wedge’s upper boundary near 0.7180. A decisive close above 0.7200 would negate the bearish wedge structure and open the door for a rally toward 0.7250. On the downside, support is at 0.7100, with the wedge’s lower trendline around 0.7080. A break below 0.7050 would signal a bearish breakdown, potentially targeting the 0.7000 psychological level. Conclusion The AUD/USD pair remains in a technical consolidation phase, with the descending wedge pattern keeping traders alert for a breakout. The outcome will likely depend on upcoming economic data from both Australia and the United States, including employment figures and inflation reports. Until a clear breakout occurs, the pair is expected to trade within the wedge’s boundaries, with a bearish bias prevailing below 0.7150. FAQs Q1: What does a descending wedge pattern mean for AUD/USD? A descending wedge is a technical chart pattern that can indicate either a bullish reversal or a continuation of the downtrend. The direction of the breakout determines the signal. A move above the upper trendline is bullish, while a breakdown below the lower trendline is bearish. Q2: Why is AUD/USD falling below 0.7150? The pair is under pressure due to a combination of a cautious RBA, a strong US dollar supported by hawkish Fed policy, and softer commodity prices. These factors have reduced demand for the Australian dollar. Q3: What key levels should traders monitor? Traders should watch the 0.7150 resistance and 0.7100 support levels. A breakout above 0.7200 or below 0.7050 would confirm the next directional move. The wedge’s boundaries near 0.7180 and 0.7080 are also important. This post AUD/USD Price Forecast: Losses Hold Below 0.7150 as Descending Wedge Pattern Emerges first appeared on BitcoinWorld .
22 May 2026, 07:00
US Strategic Bitcoin Reserve Plan Takes Shape As The American Reserve Modernization Act Lands
Representative Nick Begich unveiled the American Reserve Modernization Act on Thursday, presenting the bill as a way for the United States to create a strategic Bitcoin (BTC) reserve and update how the federal government handles digital assets kept on the public balance sheet. The legislation would set up a “secure” Strategic Bitcoin Reserve inside the US Department of the Treasury. In addition to Bitcoin, it calls for a separate Digital Asset Stockpile that would hold federally managed non-Bitcoin digital assets. 20-Year Strategic Bitcoin Lockup According to the bill’s official description, the measure is designed to bring custody and management of digital assets held across federal agencies under the Treasury’s oversight. The aim, the release says, is to improve secure stewardship, boost transparency, and provide consistent supervision of taxpayer-owned assets that were acquired through forfeitures, penalties, and other lawful government proceedings. The bill would require that BTC stored in the Strategic Bitcoin Reserve be held for at least 20 years. The proposed framework also includes an explicit protections section intended to address digital property rights. The act further directs a study focused on budget-neutral acquisition methods . The goal of that study is to identify lawful ways to expand strategic reserves without raising taxes, increasing deficit spending, or adding to the national debt. The Republican positioned the bill as both a modernization and a safeguard for public interests. In his remarks, he said the American Reserve Modernization Act would allow the United States to lead in the digital economy while protecting taxpayer concerns. Crypto Policy Momentum Burgess Owens, another Republican lawmaker, echoed the urgency behind the proposal. He criticized the idea that Washington can continue to dismiss Bitcoin as if it were temporary. Owens argued that Americans are already using digital assets , global markets are adapting, and adversaries are moving as well. In his view, the American Reserve Modernization Act would ensure the US responds from a position of strength, with leadership and long-term planning. The bill arrives after a related and significant development for this idea last year. In March 2025, President Donald Trump signed an executive order intended to establish a strategic Bitcoin reserve, but that effort is not yet fully operational. On the legislative track, the American Reserve Modernization Act is being discussed alongside a broader US crypto policy movement. The Senate Banking Committee has already passed the CLARITY Act with bipartisan support to send the bill to the Senate floor. At the time of writing, Bitcoin was trading at around $77,738, having recorded losses of 5% over the past week. This leaves the market’s leading cryptocurrency 38% below the all-time high of $126,000, which was reached during last year’s bull run. Featured image created with OpenArt, chart from TradingView.com
22 May 2026, 07:00
Tether Buys SoftBank's XXI Stake for $711M, Takes Control
Tether acquired 89.1 million shares of Twenty One Capital (NYSE: XXI) from SoftBank for $711 million. SoftBank originally invested $999.3 million in the company, resulting in a net loss on exit.
22 May 2026, 06:55
Thorchain Outlines Recovery Plan After $10 Million Exploit
BitcoinWorld Thorchain Outlines Recovery Plan After $10 Million Exploit The Thorchain Foundation, the organization behind the decentralized cross-chain liquidity protocol RUNE, has publicly detailed its recovery strategy following a security exploit that resulted in the loss of approximately $10 million in digital assets. The announcement comes as the protocol works to stabilize its operations and reassure its user base after the incident. Recovery Strategy and Loss Absorption According to the foundation’s statement, the primary mechanism for covering the losses will be the Protocol Owned Liquidity (POL), a reserve of assets held by the protocol itself. This fund is designed to act as a buffer against such events, absorbing the initial financial shock. Any remaining deficit that exceeds the POL capacity will be addressed through a proportional adjustment applied to holders of synthetic assets (Synths) within the Thorchain ecosystem. The foundation noted that the exact ratio of this distribution is still being finalized to ensure a fair and accurate allocation. No RUNE Dilution Planned A key point in the announcement is the foundation’s explicit commitment to avoid issuing or selling additional RUNE tokens to cover the losses. This decision is significant for current token holders, as it means there will be no dilution of their existing stakes. By choosing to absorb the impact through internal reserves and targeted adjustments rather than market-based fundraising, the foundation aims to maintain the existing tokenomics structure and limit secondary market disruption. Implications for the DeFi Ecosystem This incident underscores the persistent security challenges faced by decentralized finance protocols, particularly those handling cross-chain transactions. Thorchain’s recovery plan is being closely watched by the broader DeFi community as a case study in crisis management. The use of POL as a first line of defense aligns with best practices for protocol risk management, while the decision to avoid minting new tokens may help preserve market confidence. However, the impact on Synth holders, who will bear part of the residual loss, remains a point of focus. The foundation has not yet provided a specific timeline for the full implementation of the recovery plan, and the situation continues to develop. Conclusion Thorchain’s recovery plan reflects a structured approach to managing a significant security incident, prioritizing internal loss absorption and avoiding token dilution. While the immediate financial impact has been contained, the long-term effect on user trust and the protocol’s security posture will depend on the successful execution of the plan and any subsequent security enhancements. The event serves as a reminder of the inherent risks in decentralized finance and the importance of robust risk management frameworks. FAQs Q1: How much did Thorchain lose in the exploit? The Thorchain Foundation reported a loss of approximately $10 million in digital assets due to a vulnerability exploit. Q2: Will RUNE token holders be affected by the recovery? No. The foundation has stated it will not issue or sell additional RUNE tokens, meaning there will be no dilution of existing holder stakes. Q3: Who will cover the losses not absorbed by the Protocol Owned Liquidity? Any remaining deficit after the POL is used will be distributed among holders of synthetic assets (Synths) within the Thorchain ecosystem, with the exact ratio still being finalized. This post Thorchain Outlines Recovery Plan After $10 Million Exploit first appeared on BitcoinWorld .
22 May 2026, 06:55
Bitcoin ETFs Bleed $1.3B as Coinbase Premium Hits Monthly Low, Korea Reviews Crypto Tax Repeal
Crypto News The Coinbase premium has sunk to its lowest level this month, signaling intensifying institutional selling pressure across the US spot market. The indicator, which measures the price ga...
