The Bitcoin options market is approaching a major expiry on May 29. Contracts worth approximately $6.25 billion are set to expire on Deribit, and current positioning already highlights the key levels for $BTC: $75,000, $80,000, and $82,000. These zones are now shaping the market’s short-term narrative.
Recent Bitcoin exchange data suggests the market is facing stronger spot-side selling pressure, as Binance inflows remain elevated while exchange reserves recover from April lows. CryptoQuant analyst Darkfost noted that the shift emerged during a broader market correction shaped by geopolitical tensions and risk-off sentiment.
On-chain data reveal important signals that have historically preceded notable price movements in $XRP. However, this time the situation is somewhat different, as some signals are conflicting and both bullish and bearish indicators are pointing to contradictory metrics.
Bitcoin once again attempted to consolidate above $78,000, but the rally quickly slowed amid worsening macroeconomic expectations in the United States. Pressure intensified following weak guidance from Walmart, rising oil prices, and renewed concerns surrounding the policy of the Federal Reserve System.
Benjamin Cowen, one of the leading analysts in the cryptocurrency industry, warned investors in his latest analysis of the Bitcoin ($BTC) and stablecoin markets. Comparing current price movements with those seen in previous cycles, Cowen suggested that Bitcoin has not yet exited the bear market and that further declines may still lie ahead.
Two separate on-chain data sets published this week by CryptoQuant analyst Darkfost paint an uncomfortable picture of Bitcoin’s current market structure. Together, they point to a market that looks significantly different from previous cycles at similar price levels.
Hyperliquid’s native token, $HYPE, has once again moved into the spotlight following a major buying spree by a wallet linked to Silicon Valley venture capital giant Andreessen Horowitz (a16z). Over recent weeks, the address accumulated approximately $90.87 million worth of $HYPE. As a result, the market has once again begun discussing the possibility of a continued rally in the token.
Bitcoin is once again testing one of the most important price zones of recent months. After recovering from the $72,000 region, the price briefly moved back above $81,000, and the market has now approached the $83,000–$85,000 range, which remains the primary obstacle to further upside momentum.
While Bitcoin traded at around $79,650 over the past 24 hours, the derivatives market experienced a sharp wave of liquidations. According to the data, positions worth a total of $158.53 million were liquidated during the last 24 hours, of which $142.59 million came from long positions. Short liquidations accounted for $15.93 million. As a result, approximately 89.9% of all liquidations were long positions, pointing to a sudden panic sell-off in the market.
Interest in Solana has strengthened again. Spot ETFs tied to $SOL recorded their largest weekly capital inflows since February, while futures open interest increased by nearly $1.5 billion in less than two weeks.
Ethereum continues trading within a narrow consolidation range as traders watch whether the asset can regain bullish momentum above key resistance zones. The second-largest cryptocurrency has stabilized after recovering from recent lows near $220, although price action still lacks a decisive breakout structure.
Cardano is trading at $0.2777 on May 11 after pulling back from an intraday high of $0.2829, just one session after breaking out of a three-month descending triangle that had been compressing since February. At the same time, Grayscale quietly increased its ADA allocation to 18.33%.
$XRP is trading at $1.4481 on May 11, reaching the apex of a symmetrical triangle that has been compressing since February, while three months of negative funding rates on Binance continue to contradict XRP’s 27% price increase over the same period.
On May 10, 2026, shortly after 8 a.m. ET, Bitcoin traded around $80,901, while the daily, four-hour, and hourly charts continued to maintain an overall bullish market structure. As price action remains trapped between persistent resistance and steady support, traders are watching Bitcoin behave like a caffeine-fueled cat pacing near a closed door, clearly considering its next move.
Bitcoin continues to lead on the institutional market, as fund balances, ETF inflows, and corporate accumulation continue to favor $BTC over Ethereum. Data from CryptoQuant published on May 7 showed that fund assets grew from 1.278 million $BTC on February 7 to 1.370 million $BTC on May 5. This added 92,116 $BTC, a 7.21% increase, with the asset’s price rising from $69,249 to $80,874.
Bitcoin once again failed to hold above $82,800 and dropped back below $80,000. At the same time, there is still no strong panic among buyers — more than $1.1 billion flowed into spot Bitcoin ETFs over the past week. The market has not seen inflows of this scale since January.
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