Ether rallies are abruptly capped at $2,400 and multiple data points suggest 
this pattern will remain in play for the foreseeable future.

Three reasons why Ether price rallies fizzle near $2.4K

Evernorth is expanding its leadership team as it moves toward a planned public 
listing. The company said the strategy is designed to support institutional 
adoption of XRP through a regulated public-company structure. Evernorth 
Expands Leadership Team Evernorth Holdings Inc. announced on May 5, 2026, that 
it is expanding its leadership team with new board members […]

Evernorth Adding Ripple Legal Chief to Board Ahead of XRP Treasury Push

The closure highlights vulnerabilities in global oil supply chains, prompting 
strategic shifts and investments in alternative trade routes.
The post Iran closes Strait of Hormuz, disrupting global oil transit appeared 
first on Crypto Briefing.

Iran closes Strait of Hormuz, disrupting global oil transit

Increased military tensions could hinder diplomatic progress, reducing the 
likelihood of a lasting peace deal and escalating regional instability.
The post Trump warns Iran of more attacks amid stalled peace talks appeared 
first on Crypto Briefing.

Trump warns Iran of more attacks amid stalled peace talks

More than $4 billion in long positions now sit within striking distance of 
liquidation near $77,000 — a figure that underscores just how much is riding 
on Bitcoin holding its current footing above $80,000. Related Reading: David 
Schwartz Says Selling XRP Doesn’t Make Him The Villain Bears Keep Rebuilding, 
Keep Getting Burned Data tracked by Bitcoin researcher Axel Adler Jr. shows 
that close to $8 billion in short positions have been forcibly closed since 
early February, with the largest single-day spike hitting $737 million on Feb. 
13. The liquidations did not come all at once. They arrived in three separate 
waves stretching from February through April, each one triggered as bearish 
traders rebuilt positions at higher price levels — only to get caught again as 
the price held firm. Daily liquidation volumes had dropped to a range of $2 to 
$28 million before spiking back to $175 million on May 4. That jump came 
during an otherwise quiet week, pointing to fresh short exposure being built 
near $80,000. Reports say the recurring pattern shows traders consistently 
betting against the price — and consistently being forced out. Source: Axel 
Adler Jr. Adler&#8217;s trend pulse model adds context. Bitcoin moved out of bear 
mode and into neutral territory in early April. Short-term momentum has turned 
positive, though a full bullish signal would require the 30-day simple moving 
average to cross above the 200-day. According to the data, every major 
liquidation wave so far has occurred while the trend sat in this neutral zone 
— a transition phase that has repeatedly caught short sellers off guard. 
Rising Open Interest Adds To The Pressure Bitcoin&#8217;s open interest across all 
exchanges climbed 6% to nearly $30 billion as of early May, its highest 
reading since Jan. 31. That increase means the market is more sensitive to 
sudden price moves — up or down. Funding rates remain near -0.0045, a sign 
that short-side pressure is still active while long positions are not yet 
crowded. Market analyst Coin Niel reported net exchange outflows of 837 BTC on 
May 5, following a much larger outflow of 6,590 BTC the previous Monday. 
Sustained outflows typically reflect accumulation, as coins move off exchanges 
and into private wallets, reducing available supply for immediate sale. 
Related Reading: Trump-Linked WLFI Files Major Defamation Lawsuit Against 
Billionaire Justin Sun Bitcoin broke above a descending trendline that had 
capped price gains throughout April. The 100-day exponential moving average 
now sits just below the current price, acting as a dynamic floor. The short- 
term holder cost basis aligns near $81,500, a level that keeps recent buyers 
in profit and may further reduce selling pressure in the near term. Supply 
Zone Ahead, With A Big Drop Below The $86,000 to $90,000 range represents a 
zone of prior selling activity — a cluster where sellers stepped in during the 
last recovery and pushed the price back down. That zone is the next major test 
for any continued rally. Featured image from Vecteezy, chart from TradingView

Bitcoin Eyes $90K As Bears Get Burned Again Amid $30B Open Interest Surge

The unsealing of Epstein&#8217;s alleged suicide note may shift public perception 
and influence ongoing legal and market dynamics significantly.
The post Federal judge unseals Jeffrey Epstein&#8217;s alleged suicide note appeared 
first on Crypto Briefing.

Three reasons why Ether price rallies fizzle near $2.4K

Comments