Bitcoin’s Bullish Surge: $16B Shorts at Risk as $110K Target Looms
Bitcoin’s rally toward $110,000 appears increasingly inevitable as $16 billion in Leveraged shorts face liquidation at the $99,900 threshold. Institutional accumulation and bullish momentum suggest a potential short squeeze could propel BTCUSDT to new all-time highs. Binance founder Changpeng Zhao has amplified the bullish sentiment, urging retail investors to enter the market now.
Bitcoin’s Path to $110,000: $16B in Leveraged Shorts at Risk as Bulls Take Control
Bitcoin’s rally toward $110,000 appears increasingly inevitable as $16 billion in leveraged shorts face liquidation at the $99,900 threshold. Institutional accumulation and bullish momentum suggest a potential short squeeze could propel BTCUSDT to new all-time highs.
Binance founder Changpeng Zhao has amplified the bullish sentiment, urging retail investors to enter the market now. His prediction of Bitcoin reaching $500,000 by year-end—and potentially $1 million in 2025—has added fuel to the speculative frenzy.
Exchange data reveals a precarious position for bears, with forced liquidations looming. market structure favors continuation, as spot buying pressure overwhelms derivative market resistance. The coming weeks may determine whether this liquidity cascade triggers the next parabolic phase.
BTC/USD Reacts to FOMC No-Cut Decision: Is Bitcoin Entering Distribution Until June?
Bitcoin and the broader cryptocurrency market showed muted reactions to the Federal Open Market Committee’s decision to maintain benchmark interest rates at 4.25%–4.5%. The anticipated volatility failed to materialize, with BTC/USDT trading sideways amid the announcement. Market participants now question whether Bitcoin will resume its rally toward $100,000 or enter a distribution phase until June.
The Federal Reserve’s inaction, while expected, leaves traders weighing the implications for risk assets. A rate hike would have spelled trouble for equities and digital assets alike, but the status quo offers little directional clarity. Meanwhile, the BTC Bull presale has garnered significant attention, raising over $5.4 million as investors position for the next market move.
60K BTC Wallets Tied to LockBit Ransomware Gang Leaked in Hacker Revenge
LockBit, a notorious ransomware group responsible for extorting millions, has itself fallen victim to a retaliatory cyberattack. Nearly 60,000 Bitcoin wallet addresses linked to the gang’s operations were exposed in a database leak. The breach targeted LockBit’s dark web affiliate panel, revealing ransomware builds, private negotiation logs, and cryptocurrency transaction histories.
While LockBit affiliates claim no private keys were compromised, the exposure of wallet addresses provides law enforcement with unprecedented visibility into the group’s financial infrastructure. The leak underscores the paradoxical vulnerability of even the most sophisticated cybercriminal operations.
Arizona and Oregon Pass Landmark Bitcoin Legislation
Arizona and Oregon have emerged as pioneers in cryptocurrency adoption with groundbreaking legislation signed into law on May 7. Arizona’s House Bill 2749 establishes a state-run Digital Asset Reserve Fund, authorizing the custody of abandoned Bitcoin and other digital assets after three years of inactivity. The measure enables staking and airdrop participation to generate state revenue.
Representative Jeff Weninger framed the initiative as a proactive approach to capturing value from dormant crypto assets. Meanwhile, Oregon’s parallel regulatory move signals a broader trend of state-level crypto integration, though specific provisions remain undisclosed in the initial report.
BlackRock Reports $32M Q1 Revenue from Bitcoin ETF Amid Market Volatility
BlackRock’s Bitcoin Trust ETF (IBIT) generated $32 million in Q1 revenue despite an 11.15% decline in Bitcoin’s price during the period. The fund’s net assets dropped to $47.78 billion from $51.52 billion quarter-over-quarter, mirroring BTC’s market performance.
Institutional demand remained resilient with 43 million more share issuances than redemptions. Outstanding shares reached 1.013 billion, demonstrating sustained interest through market turbulence. The filing highlights Bitcoin ETFs’ growing role in traditional finance amid evolving regulatory conditions.
