Pepe price rally has pulled back after peaking at $0.000015 on May 12, mirroring the performance of most cryptocurrencies. Pepe Coin (PEPE) token pulled back to $0.00001250, down by 17.8% from its highest point this month. Here are the top…

Top 3 catalysts that could send Pepe price soaring

Dune has launched Sim, a multichain, real-time developer platform offering 
scalable APIs for onchain applications, starting with wallet data integration 
across 60+ blockchains. From Dashboards to APIs: Dune’s Sim Aims to Streamline 
Onchain Development Dune, a leading blockchain data platform, announced the 
full launch of Sim, its multichain developer platform designed to provide 
real-time APIs […]

Dune Expands Beyond Analytics With Real-Time Developer Platform Sim

**Key takeaways:**
 * Bitcoin futures open interest hit a record $72 billion, signaling rising use of leverage among institutional investors.
 * $1.2 billion in shorts at $107,000 to $108,000 are at risk of liquidation, boosting BTC&#8217;s breakout odds.
The aggregate open interest in Bitcoin (BTC) futures surged to a record high 
on May 20, raising questions about whether bearish positions are now at risk. 
Despite repeated failures to break above the $107,000 level since May 18, the 
sheer volume of leveraged positions could propel Bitcoin to a new all-time 
high.
_Bitcoin futures aggregate open interest, USD. Source: CoinGlass_
The total open interest in BTC futures climbed to $72 billion on May 20, 
marking an 8% increase from $66.6 billion just a week earlier. Institutional 
demand continues to be a major driver of this leverage, with the Chicago 
Mercantile Exchange (CME) leading at $16.9 billion in BTC futures, followed by 
Binance, which holds $12 billion in open interest.
## $1.2 billion in bearish BTC liquidations cluster at $107K-$108K
According to CoinGlass estimates, the largest concentration of bearish BTC 
futures liquidations is clustered between $107,000 and $108,000, amounting to 
approximately $1.2 billion.
_Bitcoin futures leverage heatmap, USD million. Source: CoinGlass_
While it&#8217;s impossible to predict what could spark a breakout above $108,000 to 
force those leveraged shorts to unwind, there is growing optimism tied to 
rising concerns over United States fiscal debt. Uncertainty remains about how 
the government plans to achieve economic growth while reducing spending, 
especially in light of ongoing disagreement between Democratic and Republican 
lawmakers.
More importantly, yields on the 20-year US Treasury remain close to 5%, up 
from 4.82% two weeks earlier. Weak demand for long-term government debt may 
compel the US Federal Reserve to step in as the buyer of last resort to 
maintain market stability, reversing a 26-month trend. This approach puts 
downward pressure on the US dollar and drives investors to seek alternative 
hedging strategies, including Bitcoin.
## Gold dominates, but Bitcoin absorbs flow amid reserve reallocations
Gold remains the dominant alternative asset, but its 24% year-to-date gains in 
2025 and $22 trillion market capitalization make it less attractive to many 
investors. For context, the entire S&amp;P 500 index is valued at $53 trillion, 
while US bank deposits and Treasury bills (M1) amount to $18.6 trillion. In 
contrast, Bitcoin currently represents a $2.1 trillion asset class, roughly 
equivalent in size to silver.
Meanwhile, some regions, notably the US, have begun laying the groundwork to 
shift portions of their gold reserves into Bitcoin&#8211;an action that could 
easily propel BTC to a new all-time high. A modest 5% reallocation from gold 
into Bitcoin by those nations would translate into a $105 billion inflow, 
equivalent to 1 million BTC at a price of $105,000.
_**Related:**__**Bitcoin ready to &#8216;vaporize&#8217; shorts once price discovery above 
$110K begins**_
For perspective, Strategy, the US-listed firm led by Michael Saylor, currently 
holds 576,230 BTC. There is little doubt that institutional buying remains the 
primary catalyst for Bitcoin to break above the $108,000 level. Such a move 
would trigger the liquidation of heavily leveraged bearish positions, likely 
accelerating the push to a new all-time high. However, persistent 
macroeconomic uncertainty continues to weigh on overall investor sentiment.
As Bitcoin flirts with the $107,000 mark, those holding short positions face 
heightened risk of forced liquidations&#8211;an outcome that could further fuel 
upward momentum in price.
This article is for general information purposes and is not intended to be and 
should not be taken as legal or investment advice. The views, thoughts, and 
opinions expressed here are the author&#8217;s alone and do not necessarily reflect 
or represent the views and opinions of Cointelegraph.

Bitcoin open interest hits record high as bulls stampede toward new BTC price highs

SEC delays decisions on XRP and Dogecoin ETFs, extending review period to 
examine compliance with fraud prevention and investor protection.
The post SEC delays decisions on XRP and Dogecoin ETFs appeared first on 
Crypto Briefing.

SEC delays decisions on XRP and Dogecoin ETFs

Wall Street’s momentum stalled Tuesday as investors pulled back from tech 
stocks and rising bond yields renewed pressure on equities. The Dow Jones 
Industrial Average fell 114.83 points, or 0.27%, while the S&amp;P 500 dipped 
0.39%, ending a six-day winning…

Dow drops 115 points as S&P 500’s six-day rally ends

Chainlink (LINK) is showing renewed strength as its price moves higher within 
a well-defined rising channel pattern. After a period of consolidation, LINK 
has entered a rally mode, forming the channel, a classic signal of sustained 
upward movement. This technical setup suggests that the bulls are firmly in 
control, and unless a major shift in sentiment occurs, the uptrend could 
continue in the short to mid-term. Chainlink Breaks Above 200 MA: Bullish 
Momentum Builds On M30 In an X post, crypto analyst Thomas Anderson 
highlighted that Chainlink is exhibiting notable bullish momentum on the 
30-minute (M30) timeframe. According to Anderson, LINK has successfully broken 
above the 200-day moving average (marked in red on the chart), a significant 
technical milestone that often signals a shift in market sentiment. At the 
time of his post, LINK was trading around $15.560 and was actively forming an 
ascending channel, a bullish price pattern characterized by consistently 
higher lows and higher highs. Related Reading: Chainlink Holds Strong At 
$15.29 Support – Is A New Breakout Imminent? Anderson noted that the current 
price structure reflects sustained buying interest, with the Relative Strength 
Index (RSI) sitting comfortably at 64.23 just below overbought territory, 
indicating healthy momentum. Additionally, the MACD (Moving Average 
Convergence Divergence) indicator is in positive territory, further 
reinforcing the strength of the ongoing uptrend. However, he cautioned traders 
to remain vigilant as the price approaches the upper boundary of the ascending 
channel. This zone could act as a short-term resistance level, triggering a 
pullback or consolidation phase before further upside. Overall, the outlook 
for Chainlink on the M30 chart remains bullish. LINK Flips Bearish Structure 
On Daily Timeframe A crypto analyst @Whales_Crypto_Trading shared a bullish 
outlook on LINK, noting that the asset is currently breaking out of a 
descending channel on the daily timeframe. This long-standing pattern had 
previously kept LINK locked in a downward trajectory, but the recent price 
action suggests that momentum is shifting in favor of the bulls. A breakout 
from this structure is typically seen as a strong technical signal, indicating 
the potential for a significant trend reversal. Related Reading: Chainlink 
Flashes Daily Buy Signal – Breakout Next? According to the analyst, a complete 
descending channel pattern suggests that Chainlink is no longer confined in a 
bearish trend and may now be positioned for a substantial upside move. With 
market sentiment showing early signs of turning positive, the breakout could 
mark the beginning of a new bullish phase for LINK, supported by improved 
technical indicators and increasing volume. He concluded by stating that this 
breakout sets the stage for a massive rally, with $28 identified as the next 
major target. Reaching this level would represent a strong recovery and a 
clear signal that bulls have regained control. Featured image from Freepik, 
chart from Tradingview.com