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Bitcoin short liquidations spiked over $24 million in the past 24 hours as the price held above the $59,000 mark.Technical and fundamental bitcoin chart indicators show optimistic signs for the crypto market moving into the month of May, an analyst said.
After hitting a low under $57,000 earlier this week, BitMEX co-founder Arthur Hayes expects bitcoin to rally back to the $60,000 to $70,000 range.Hayes argues that recent policy announcements from the U.S. Federal Reserve and Treasury Department amount to “stealth forms of money printing” that will begin a slow grind higher for the crypto market.
Hong Kong’s three spot bitcoin ETFs have seen a decline in daily BTC inflows.Inflows reduced to 174.73 bitcoin on the second day from 3,910 bitcoin on the opening day.Total trading volume maintained at over $9.7 million on both days.
TON is among the most notable gainers in the past 24 hours.
- 13:36Orderly Network: Approximately 1.18 million unclaimed ORDER tokens from the airdrop have been destroyed, equivalent to about $310,000Web3 liquidity provider Orderly Network announced on the X platform that 1,181,431.43 unclaimed ORDER tokens from the airdrop have been destroyed, currently equivalent to about 310,000 US dollars.
- 13:35CryptoQuant CEO: The U.S. strategic digital asset reserve plan is too broad, it should only retain BTCCryptoQuant CEO Ki Young Ju posted on social media that, although he is not a Bitcoin extremist, he believes the United States' strategic digital asset reserve plan is too broad and suggests only retaining Bitcoin.
- 13:34A certain whale who shorted ETH had a floating profit of 15 million USD four days ago, but currently has a floating loss of 1 million USDAccording to Onchain Lens monitoring, a certain whale went from making a profit of 15 million US dollars to a loss of 1 million US dollars in just four days. This whale shorted ETH on HyperLiquid and had once gained over 15 million US dollars in floating profits, but is currently facing more than 1 million US dollars in floating losses.