New listing momentum + strong volume coming in, and the chart is starting to look really clean here. Holding above key support while buyers keep stepping in.
Still feels early if this ecosystem keeps getting attention. I’ve been accumulating dips instead of chasing candles.
The market rally is putting serious pressure on bears.
Whale “pension-usdt.eth” is still holding massive 3x short positions on both $BTC and $ETH, but the recent upside move has pushed the position into a floating loss of more than $19.6M.
What’s even crazier unrealized profit that once peaked above $32M has now dropped to around $10.66M.
One strong trend reversal can erase months of gains fast in this market 👀
After closing April with a strong +11.87% move, $BTC is already sitting at +2.46% in May and historical data shows this month has often been bullish for Bitcoin.
Since 2013, May has delivered an average return of +7.77% with a +5.98% median gain.
If momentum continues and history plays out once again, Bitcoin could still have another leg up before the month ends 👀