On-chain data shows USDC exchange inflows have witnessed a spike after the 
latest Bitcoin pullback, a potential sign that traders are looking to buy the 
dip. USDC Exchange Inflows Have Spiked To $350 Million As pointed out by on- 
chain analyst Maartunn in an X post, a notable amount of USDC has hit 
exchanges recently. The indicator of interest here is the &#8220;Exchange Inflow,&#8221; 
which tracks the total number of tokens of a given asset that investors are 
transferring to wallets connected to centralized exchanges. Related Reading: 
Solana Fails Channel Breakout—$78 Support The Next Destination? When the value 
of the metric is high, it means holders are depositing a large amount of the 
cryptocurrency to these platforms. Generally, investors transfer to exchanges 
when they want to trade away their tokens, so this kind of trend can be a sign 
of increased interest in swapping the asset. For volatile cryptocurrencies 
like Bitcoin, this can naturally be a bearish signal for the price. When it 
comes to stablecoins, however, the consequences naturally change. Stablecoins 
are, by nature, &#8216;stable&#8217; in value around whatever fiat currency that they are 
pegged to. As such, trading them away doesn&#8217;t cause their price to go down. 
That said, Stablecoin exchange deposits affect the sector in another way. 
Usually, investors store their capital in the form of these safe-havens when 
they want to avoid the volatility associated with other digital assets. Once 
they feel that the time is right to invest back into BTC and others, they 
transfer their stables to exchanges. This deployment of capital previously 
sitting on the sidelines can naturally act as a boost for the volatile side of 
the market. As the chart shared by Maartunn shows, the Exchange Inflow has 
spiked for USDC recently, a potential sign that this deployment may be in 
action right now. These inflows of the stablecoin have arrived after a 
pullback in the Bitcoin price to levels under $77,000. Considering the timing, 
the deposits could correspond to dip-buying behavior. In total, this spike saw 
$350 million in USDC enter exchanges. This isn&#8217;t an especially massive amount, 
but could still help the market turn around if it&#8217;s only the start of the 
inflows. It only remains to be seen, though, how investor behavior will 
develop in the coming days. Related Reading: Bitcoin Recovery Above Key Cost 
Basis Level Fails As BTC Falls Under $77,000 In related news, the market cap 
of the stablecoins as a whole is currently sitting around an all-time high 
(ATH), according to data from DefiLlama. As displayed in the above graph, the 
stablecoin market cap has been following a gradual uptrend recently, a sign 
that this part of the digital asset sector has been seeing increased interest 
from investors. After the latest continuation to the upward trajectory, the 
metric has hit a value of $323.1 billion. Bitcoin Price Bitcoin has dropped to 
the $76,800 mark following its retrace over the last few days. Featured image 
from Dall-E, chart from TradingView.com

On-chain data shows USDC exchange inflows have witnessed a spike after the latest Bitcoin pullback, a potential sign that traders are looking to buy the dip. USDC Exchange Inflows Have Spiked To $350 Million As pointed out by on- chain analyst Maartunn in an X post, a notable amount of USDC has hit exchanges recently. &#8230;

USDC Exchange Inflows Hit $350M—Traders Buying The Bitcoin Dip?

Coinbase said blockchain intelligence helped United Kingdom investigators 
secure five convictions after monitoring systems flagged a customer under 
duress during a robbery. Investigators traced crypto and additional fiat funds 
across accounts. Blockchain Evidence Connects Robbery to Five Convictions 
Crypto exchange Coinbase (Nasdaq: COIN) revealed its assistance in a U.K. 
criminal investigation in a blog post […]

Coinbase said blockchain intelligence helped United Kingdom investigators secure five convictions after monitoring systems flagged a customer under duress during a robbery. Investigators traced crypto and additional fiat funds across accounts. Blockchain Evidence Connects Robbery to Five Convictions Crypto exchange Coinbase (Nasdaq: COIN) revealed its assistance in a U.K. criminal investigation in a blog post &#8230;

Coinbase Helps Solve Kidnapping Case After Customer Is Forced to Transfer Crypto

Bitcoin price started a fresh decline below the $76,800 zone. BTC is 
consolidating and might struggle to stay above the $76,000 support. Bitcoin 
failed to stay above $77,000 and extended losses. The price is trading below 
$77,200 and the 100 hourly simple moving average. There is a bearish trend 
line forming with resistance at $77,200 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair might extend losses if it stays below 
the $77,200 and $77,500 levels. Bitcoin Price Consolidates Losses Bitcoin 
price failed to stay above the $77,200 support zone. BTC remained in a bearish 
zone and extended losses below the $76,800 level. There was a move below the 
$76,500 level. The price even dipped below $76,200. A low was formed at 
$76,020 and the price is now consolidating losses. It is still struggling 
below the 23.6% Fib retracement level of the downward move from the $82,018 
swing high to the $76,020 low. Bitcoin is now trading below $76,800 and the 
100 hourly simple moving average. If the price remains stable above $76,000, 
it could attempt a fresh increase. Immediate resistance is near the $77,200 
level. There is also a bearish trend line forming with resistance at $77,200 
on the hourly chart of the BTC/USD pair. The first key resistance is near the 
$77,450 level. A close above the $77,450 resistance might send the price 
further higher. In the stated case, the price could rise and test the $79,000 
resistance or the 50% Fib retracement level of the downward move from the 
$82,018 swing high to the $76,020 low. Any more gains might send the price 
toward the $80,000 level. The next barrier for the bulls could be $82,000. 
Another Decline In BTC? If Bitcoin fails to rise above the $77,450 resistance 
zone, it could start another decline. Immediate support is near the $76,400 
level. The first major support is near the $76,000 level. The next support is 
now near the $75,000 zone. Any more losses might send the price toward the 
$74,200 support in the near term. The main support now sits at $74,000, below 
which BTC might struggle to recover in the near term. Technical indicators: 
Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI 
(Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. 
Major Support Levels – $76,000, followed by $75,000. Major Resistance Levels – 
$77,200 and $77,450.

Bitcoin price started a fresh decline below the $76,800 zone. BTC is consolidating and might struggle to stay above the $76,000 support. Bitcoin failed to stay above $77,000 and extended losses. The price is trading below $77,200 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,200 &#8230;

Bitcoin Price Stabilizes Above $76K, Traders Await Next Major Move

Bitcoin (BTC) has slipped after failing to clear a major ceiling around the 
$83,000 area, with the flagship cryptocurrency down nearly 5% over the past 
week. As of Tuesday evening, BTC was changing hands at roughly $76,750. Even 
with the pullback, market analyst Ali Martinez believes the current price 
action still leaves room for a rebound toward $94,850. Bitcoin Could Drop 
Toward $54,270 In a Tuesday social media post on X (previously Twitter), 
Martinez pointed to Bitcoin’s Market Value to Realized Value (MVRV) pricing 
bands, saying a move to $94,850 would represent about a 23.5% increase from 
current levels. However, he cautioned that this upside path depends on Bitcoin 
holding above a specific support level at $72,960. In his view, losing that 
threshold would shift the outlook and open the door to a deeper drawdown. 
Related Reading: Zcash, Bitcoin, And Solana—Catalysts Ahead That Could Fuel 
Another Upswing Before May Ends If $72,960 is broken, Martinez warned that BTC 
could be pulled toward the realized price near $54,270. That scenario would 
imply an additional 29% retracement from present prices. With that in mind, 
the analyst framed the $72,960 level as a key line in the sand for determining 
whether Bitcoin’s consolidation turns into the next leg up or extends into a 
more pronounced correction. Adding to the bullish outlook, Martinez also said 
derivatives traders are positioning as if another advance is likely. He noted 
that Bitcoin funding rates have climbed to 0.4%, the highest level seen in 
more than two months. Key Support And Resistance Walls To Watch When Bitcoin 
funding rates rise to that extent, it typically signals that the derivatives 
market is being driven by aggressive long positioning, with market 
participants paying a premium to keep long exposure. According to Martinez, 
this kind of demand can sometimes lead to quick liquidations if the market 
snaps downward and forces late buyers out, but it also reflects a broader bias 
that remains tilted toward expansion. Related Reading: Goldman Sachs 
Rebalances Crypto Exposure: XRP, SOL Out, ETH Down 70%, Hyperliquid In In 
another social media post issued on Monday, the analyst also highlighted 
additional levels to watch ahead tied to the cryptocurrency’s UTXO Realized 
Price Distribution (URPD) indicator. Martinez identified new resistance levels 
at $78,258 and $84,569. On the support side, he pointed to $75,733 and 
$66,898. Together with the earlier $72,960 support marker, these zones form 
the set of key reference points Martinez said could shape whether Bitcoin 
pushes higher toward $94,850 or slides toward the realized price area. 
Featured image created with OpenArt, chart from TradingView.com

Bitcoin (BTC) has slipped after failing to clear a major ceiling around the $83,000 area, with the flagship cryptocurrency down nearly 5% over the past week. As of Tuesday evening, BTC was changing hands at roughly $76,750. Even with the pullback, market analyst Ali Martinez believes the current price action still leaves room for a &#8230;

Bitcoin Could Hit Near $95,000 If It Holds Above This Critical Support, Top Analyst Says

XRP gained renewed attention after Evernorth highlighted how the crypto asset 
facilitated a tokenized Treasury redemption across Ripple, Mastercard, J.P. 
Morgan’s Kinexys, and Ondo Finance. Ripple, Mastercard, and JPMorgan’s Kinexys 
Linked Through XRP Settlement Flow XRP treasury company Evernorth shared on 
May 18 that the “actual story” behind a recent cross-institutional blockchain 
transaction was the […]

XRP gained renewed attention after Evernorth highlighted how the crypto asset facilitated a tokenized Treasury redemption across Ripple, Mastercard, J.P. Morgan’s Kinexys, and Ondo Finance. Ripple, Mastercard, and JPMorgan’s Kinexys Linked Through XRP Settlement Flow XRP treasury company Evernorth shared on May 18 that the “actual story” behind a recent cross-institutional blockchain transaction was the &#8230;

Evernorth Highlights XRP’s ‘Actual Story’ Beyond JPMorgan Settlement Attention

Solana futures funding turned negative as demand for SOL and its associated 
decentralized exchanges fell. Will traders buy the dip or is $78 next?

Solana futures funding turned negative as demand for SOL and its associated decentralized exchanges fell. Will traders buy the dip or is $78 next?

USDC Exchange Inflows Hit $350M—Traders Buying The Bitcoin Dip?

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