Over the last week, the Bitcoin price has continued to see sustained selling 
pressure, with the flagship cryptocurrency trading around $73,400. According 
to recent on-chain data, changes in key market structures suggest Bitcoin 
might remain in this bearish state in the near to mid-term. Related Reading: 
Bitcoin Has Hit A Ceiling, Analyst Says No Buying Until Price Hits This Level 
Realized Cap Metric Reflects Growing Capital Outflows In a recent post on 
QuickTake, on-chain analyst Carmelo Alemán revealed a notable decline in 
Bitcoin&#8217;s Realized Cap values. The analyst notes that, since January 19, the 
metric has dropped by 3.63%, from around $1.12 trillion to $1.08 trillion; a 
decline of $40.847 billion. Interestingly, this period of the Realized Cap’s 
decline coincides with Bitcoin&#8217;s descent of over 20% from $92,593 to its 
current valuation. For context, the Realized Cap metric measures the total 
amount of capital invested in Bitcoin by valuing each BTC at the price it last 
moved on-chain, rather than at the current market price. Given that both the 
Bitcoin price and the Realized Cap experienced a steady yet notable downturn, 
this correlation is a telltale sign that investors have likely been 
withdrawing their capital rather than holding through Bitcoin&#8217;s moves. Related 
Reading: The Mistake Investors Are Making About Ethereum That Could Cost Them 
Money; Analyst Humpback Whales Add To Sell Pressure Further unsettling is 
Alemán’s highlighting that wallets holding more than 10,000 BTC seem to have 
joined the selling spree. These wallets, commonly referred to as Humpback 
Whales, are reported to have sold off approximately 612,753 BTC between the 
11th and 28th of May. As such, the analyst points out that they currently 
dominate as the sources of spot bearish pressure. Interestingly, these huge 
Bitcoin sales correspond with an accelerated growth of capital outflows, which 
began on May 14th. Alemán notes that, as expected, the Bitcoin price dropped 
by approximately 10.72% during this period, from $82,365 to $73,530. 
Ultimately, the three highlighted on-chain conditions — falling Realized Cap, 
growing spot outflows, and aggressive whale distribution — paint a bearish 
picture for the Bitcoin price in the short term. The crypto analyst explained 
that the Bitcoin price is likely to maintain a downtrend, especially if it 
continues to be driven by speculative activity. However, the premier 
cryptocurrency could also quickly gain stability if the BTC spot market sees a 
resumption of inflows. At the time of writing, Bitcoin is trading at $73,485. 
According to data from CoinMarketCap, the Bitcoin price has barely moved over 
the past day, recording a 0.3% loss. On the weekly timeframe, however, Bitcoin 
is down by 2.43%. Featured image from Pexels, chart from Tradingview

Over the last week, the Bitcoin price has continued to see sustained selling pressure, with the flagship cryptocurrency trading around $73,400. According to recent on-chain data, changes in key market structures suggest Bitcoin might remain in this bearish state in the near to mid-term. Related Reading: Bitcoin Has Hit A Ceiling, Analyst Says No Buying &#8230;

Bitcoin Records $40B+ In Capital Outflows As ‘Humpback’ Whales Intensify Selling – Details

A wallet reportedly tied to venture giant Andreessen Horowitz (A16z) has 
accumulated 3.9 million HYPE worth about $192.6 million, even as one of 
Hyperliquid’s earliest backers sold a 1.5 million-token stake to lock in a 
roughly $95 million profit. Smart Money on Both Sides A wallet that onchain 
analysts have linked to venture capital firm […]

A wallet reportedly tied to venture giant Andreessen Horowitz (A16z) has accumulated 3.9 million HYPE worth about $192.6 million, even as one of Hyperliquid’s earliest backers sold a 1.5 million-token stake to lock in a roughly $95 million profit. Smart Money on Both Sides A wallet that onchain analysts have linked to venture capital firm &#8230;

A16z-Linked Wallet Builds $192 Million HYPE Stake as Early Whale Cashes out $95 Million

Hedgebook&#8217;s app could redefine risk management for large-cap equity investors 
by leveraging prediction markets to navigate macroeconomic uncertainties.
The post Hedgebook launches app for hedging risks in large-cap equities using 
Kalshi appeared first on Crypto Briefing.

Hedgebook&#8217;s app could redefine risk management for large-cap equity investors by leveraging prediction markets to navigate macroeconomic uncertainties. The post Hedgebook launches app for hedging risks in large-cap equities using Kalshi appeared first on Crypto Briefing.

Hedgebook launches app for hedging risks in large-cap equities using Kalshi

Heightened US-Iran tensions in the Strait of Hormuz could lead to prolonged 
maritime disruptions, impacting global oil supply stability.
The post Naval mine discovery heightens US-Iran tensions in Strait of Hormuz 
appeared first on Crypto Briefing.

Heightened US-Iran tensions in the Strait of Hormuz could lead to prolonged maritime disruptions, impacting global oil supply stability. The post Naval mine discovery heightens US-Iran tensions in Strait of Hormuz appeared first on Crypto Briefing.

Naval mine discovery heightens US-Iran tensions in Strait of Hormuz

The US warning to Iran heightens regional tensions, potentially derailing 
diplomatic efforts and increasing the risk of military conflict.
The post US warns Iran of military action if peace plan conditions rejected 
appeared first on Crypto Briefing.

The US warning to Iran heightens regional tensions, potentially derailing diplomatic efforts and increasing the risk of military conflict. The post US warns Iran of military action if peace plan conditions rejected appeared first on Crypto Briefing.

US warns Iran of military action if peace plan conditions rejected

Geopolitical tensions at the Strait of Hormuz could trigger global energy 
supply chain disruptions, impacting prices and consumption patterns.
The post Goldman warns of potential supply shock amid Strait of Hormuz 
disruptions appeared first on Crypto Briefing.

Geopolitical tensions at the Strait of Hormuz could trigger global energy supply chain disruptions, impacting prices and consumption patterns. The post Goldman warns of potential supply shock amid Strait of Hormuz disruptions appeared first on Crypto Briefing.

Bitcoin Records $40B+ In Capital Outflows As ‘Humpback’ Whales Intensify Selling – Details

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