Bitcoin surged past $110,000 on Wednesday evening, setting a new all-time high as crypto rallied hard. The previous peak for Bitcoin (BTC), reached during President Donald Trump’s inauguration in January, was surpassed in late morning trading, according to crypto.news data.…

Why did Bitcoin just hit an all-time high?

The Bitcoin Network Value to Transactions (NVT) Golden Cross could indicate 
that the asset isn&#8217;t overheated yet, despite its price marching to a new all- 
time high (ATH). Bitcoin NVT Golden Cross Still Outside Of Overbought Zone In 
a CryptoQuant Quicktake post, an analyst has talked about the latest trend in 
the NVT Golden Cross for Bitcoin. The NVT Ratio is an on-chain indicator that 
keeps track of the ratio between the BTC market cap and transaction volume. If 
the utility of the network (measured in terms of the transfer volume) is 
considered as a reflection of its &#8216;true&#8217; value, then this ratio can be used 
for judging whether the price is undervalued or overvalued. Related Reading: 
$3.8 Billion In Capital Inflows Behind Ethereum’s Post-Pectra Surge, Data 
Shows When the value of the indicator is high, it means the value of the 
network (that is, the market cap) is high compared to its ability to transact 
coins. Such a trend may be a sign that the asset is becoming overpriced. On 
the other hand, the indicator being low could imply room for growth in the 
cryptocurrency&#8217;s market cap, as its value is low when compared to the 
transaction volume. In the context of the current topic, a derivative form of 
the NVT Ratio is the indicator of interest. This metric, known as the NVT 
Golden Cross, is a signaling indicator for the NVT Ratio similar to the 
Bollinger Bands, telling us about whether the ratio&#8217;s value is near a top or 
bottom. The NVT Golden Cross compares two moving averages (MAs) of the NVT 
Ratio in order to determine this: the 10-day MA to gauge the short-term trend 
and the 30-day MA for the long-term one. Now, here is a chart that shows the 
trend in the Bitcoin NVT Golden Cross over the last few months: As displayed 
in the above graph, the Bitcoin NVT Golden Cross has been on the rise recently 
as the cryptocurrency&#8217;s price has rallied to a new ATH. At present, the 
indicator is sitting at a value of 1.5. In the chart, the quant has 
highlighted two zones for the metric that have been of significance in the 
past. The region beyond 2.2 (shaded in red) corresponds to the territory where 
tops generally occur for BTC and that under -1.6 (green) to the bottoming 
zone. Related Reading: Is Bitcoin Ready For New ATHs? What The Charts Say 
Clearly, despite the recent uptrend, the NVT Golden Cross hasn&#8217;t yet broken 
into the red zone, a potential sign that the cryptocurrency may still not be 
too overpriced. Naturally, this could allow room for the run to continue 
further. BTC Price Bitcoin set a new record earlier today as its price briefly 
went to $109,400, surpassing the previous ATH around $109,200. Featured image 
from Dall-E, CryptoQuant.com, chart from TradingView.com

Bitcoin Sets New ATH, But This Metric Says No Overheating Yet

World Assets, a subsidiary of the World Foundation, has sold $135 million in 
its WLD token to investors Andreessen Horowitz and Bain Capital Crypto. 
Funding to Support World Network Expansion World Assets, a subsidiary of the 
World Foundation, has announced the sale of $135 million worth of its native 
WLD token to prominent investors Andreessen […]

Andreessen Horowitz, Bain Capital Crypto Invest $135M in World Assets

A crypto whale has expanded an existing 40x leverage long Bitcoin bet to $1.1 
billion on the decentralized exchange Hyperliquid, which has stunned the 
crypto community and is believed to be the first-ever position exceeding $1 
billion on the platform.
The X account &#8220;James Wynn&#8221; claims to be behind the position, which is now up 
$36 million on the trade, data from Hypurrscan&#8217;s block explorer shows.
A $28.4 million margin position was used across several trades to increase the 
Bitcoin (BTC) position, now worth $1.13 billion. The average Bitcoin entry 
price was $108,065.
_Perp futures positions of wallet address &#8220;0x507.&#8221; Source: __Hypurrscan_
&#8220;He did it fellas,&#8221; crypto analyst Sigma^2 wrote on X. &#8220;First position [on 
Hyperliquid] to exceed $1B.&#8221;
Wynn&#8217;s long position was at a loss of about $16.3 million before it shot back 
up as Bitcoin broke through $110,000 on May 21. The position sits comfortably 
above its liquidation price of $103,790, as Bitcoin has well surpassed 
$110,000 and neared $112,000 in early trading on May 22.
HyperDash data shows the crypto whale started closing some Bitcoin long 
positions when Bitcoin was trading around $106,000 on May 20.
_Change in profit and loss (PnL) from Wynn &#8216;s wallet over the last 24 hours. A 
small amount of that PnL includes a position held in kPEPE. Source: 
__HyperDash_
&#8220;That mfer has nerves of steel,&#8221; crypto influencer Follis wrote, while others 
called the trader an &#8220;absolute mad man&#8221; or questioned his sense in making the 
trade.
## Who is &#8220;James Wynn&#8221;?
Wynn describes himself as a high-risk leverage trader and memecoin maxi who 
supposedly called Pepe (PEPE) a buy when its market cap was at $600,000.
_**Related:**__**Is Bitcoin price close to a cycle top? &#8212; 5 indicators that 
help traders decide**_
The crypto whale started using Hyperliquid two months ago, depositing $4.65 
million worth of the stablecoin USDC (USDC) onto the platform, Hypurrscan data 
shows.
They&#8217;ve completed 32 trades since then, which have included long positions on 
XRP (XRP), the Official Trump (TRUMP) token, Fartcoin (FARTCOIN) and Toncoin 
(TON).
Hyperliquid&#8217;s DEX is the flagship product on the Hyperliquid layer 1 
blockchain, which also offers spot trading and borrowing and lending services, 
among other things.
_**Magazine:**__**TradFi is building Ethereum L2s to tokenize trillions in 
RWAs: Inside story**_

Hyperliquid sees $1.1B Bitcoin long bet opened at 40x leverage

Solana started a fresh increase from the $165 zone. SOL price is now gaining 
pace and might aim for more gains above the $180 zone. SOL price started a 
fresh increase above the $170 level against the US Dollar. The price is now 
trading above $172 and the 100-hourly simple moving average. There is a 
connecting bullish trend line forming with support at $170 on the hourly chart 
of the SOL/USD pair (data source from Kraken). The pair could start a fresh 
increase if it clears the $180 resistance zone. Solana Price Rises Above $172 
Solana price formed a base above the $165 support and started a fresh 
increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $170 
and $172 resistance levels. The bulls even pushed the price above the $175 
level. A high was formed at $177.50 and the price is now consolidating gains 
above the 23.6% Fib retracement level of the recent wave from the $165 swing 
low to the $177.50 high. Solana is now trading above $172 and the 100-hourly 
simple moving average. There is also a connecting bullish trend line forming 
with support at $170 on the hourly chart of the SOL/USD pair. On the upside, 
the price is facing resistance near the $178 level. The next major resistance 
is near the $180 level. The main resistance could be $185. A successful close 
above the $185 resistance zone could set the pace for another steady increase. 
The next key resistance is $192. Any more gains might send the price toward 
the $200 level. Another Decline in SOL? If SOL fails to rise above the $180 
resistance, it could start another decline. Initial support on the downside is 
near the $174.50 zone. The first major support is near the $172 level or the 
50% Fib retracement level of the recent wave from the $165 swing low to the 
$177.50 high. A break below the $172 level might send the price toward the 
$170 zone and the trend line. If there is a close below the $170 support, the 
price could decline toward the $162 support in the near term. Technical 
Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish 
zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is 
above the 50 level. Major Support Levels – $172 and $170. Major Resistance 
Levels – $178 and $180.

Solana (SOL) Aims Higher With Strong Buyer Support, Next Stop $200?

BlackRock&#8217;s iShares Bitcoin Trust (IBIT) has seen its largest inflow in the 
past two weeks as traders allocate to US spot Bitcoin exchange-traded funds 
(ETFs) to scoop up the rocketing cryptocurrency.
IBIT&#8217;s May 21 net inflows hit $530.6 million, its biggest single-day net 
inflow since it took in $531.2 million on May 5, according to Farside 
Investors. The ETF hasn&#8217;t had an outflow since April 9.
In one day alone, IBIT has accumulated over 10 times the amount of Bitcoin 
(BTC) mined over the same timeframe, with it scooping up 4,931 BTC against 
just 450 BTC produced for the day.
IBIT also saw its largest volume day since January, according to the ETF 
tracking X account Trader T.
&#8220;Given trading volume today, expect these inflow numbers to increase,&#8221; said 
ETF Store president Nate Geraci.
_BlackRock IBIT net flows. Source:__Trader T_
The total inflow figure for all 11 spot ETFs was $607.1 million, with the 
Fidelity Wise Origin Bitcoin Fund (FBTC) seeing the second-most inflows for 
the day at $23.5 million.
_**Related:**__**BlackRock &#8216;s Bitcoin ETF posts $356 million inflows, marking 
the longest streak of 2025**_
Bloomberg ETF analyst Eric Balchunas called the ETF inflows a &#8220;classic feeding 
frenzy&#8221; caused by Bitcoin&#8217;s recent price rally, which has seen it extend to 
nearly $112,000 in early May 22 trading.
Balchunas added that the last time ETF trading volumes soared to current 
levels was in January, around Bitcoin&#8217;s then all-time high. &#8220;All the Bitcoin 
ETFs are elevated, most are gonna see 2x their average flows incoming,&#8221; he 
said.
_IBIT trading volume surges to January levels. Source:__Eric Balchunas_ _ _
The big ETF inflow and volume day came as Bitcoin notched a new all-time high 
above $110,000 late on May 2, and it has continued to rally to a top of just 
under $111,897 on Coinbase, according to TradingView.
## Bitcoin ETF pile in to continue
Jeff Mei, operations chief at the crypto exchange BTSE, told Cointelegraph in 
a note that investors are &#8220;crowding into Bitcoin ETFs,&#8221; which saw $3.6 billion 
in net inflows in May.
&#8220;We believe this trend will continue as long as companies continue to tap 
public markets for more capital,&#8221; he added. &#8220;This could even accelerate if the 
Fed decides to cut interest rates in the coming months.&#8221;
Jupiter Zheng, HashKey Capital partner, anticipated more volatility once 
Bitcoin breaks above $110,000, telling Cointelegraph that it was &#8220;entering 
uncharted price discovery territory, while unstable geopolitical and 
macroeconomic factors lead investors to consider the long-term value of 
Bitcoin.&#8221;
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