Lei06

【Whale Garrett Jin Goes Long on BTC Again, Opening a 504.4 BTC Long Position with 5x Leverage】 On May 21, according to Lookonchain monitoring, "Insider Whale 1011" agent Garrett Jin went long on BTC again. He deposited 39.5 million USDC to Binance, then withdrew 40 million USDC from Binance using the new wallet 0x92ea, and deposited 10 million USDC to Hyperliquid. He opened a 504.4 BTC (59.11 million USD) long position with 5x leverage and bought 42,524 HYPE (2.33 million USD), with a liquidation price of 62,656.49 USD. $BTC

[Two new wallets have accumulated approximately 112,600 SOL, equivalent to about $9.67 million] On May 21, according to Onchain Lens monitoring, newly created wallets are accumulating SOL. Wallet "8qBMv" received 88,004 SOL (7.56 million USD) from FalconX and transferred it to another wallet. Wallet "ECgwn" received 24,560 SOL (2.11 million USD) from Binance and sent it for staking. $SOL

【CryptoQuant: Bitcoin's Trend Similar to 2022 Bear Market, Market Sentiment Turns Extremely Pessimistic】 CryptoQuant states that Bitcoin's recent trend resembles the bear market rebound phase in March 2022, with market demand still weak and sentiment indicators having fallen back into the "extremely pessimistic" range. The report points out that Bitcoin's recent rebound was resisted near the 200-day moving average at about $82,400, then subsequently dropped back to around $76,000. CryptoQuant believes this trend is similar to March 2022: at that time, after Bitcoin rebounded 43% from the low point, it also encountered resistance at the 200-day moving average and re-entered a downtrend. CryptoQuant's head of research, Julio Moreno, states that during a bear market, the 200-day moving average is usually the key dividing line between a "rebound rally" and "trend continuation." If Bitcoin fails to effectively break through this moving average, it may indicate that the bear market structure has not yet been broken. $BTC

Binance Alpha airdropped NEX, sold for 102U, the recent new coin airdrops have been pretty good 👍

Serbian President Vučić will make a state visit to China

ZEC breaks through $620, 24-hour increase expands to 11.9% On May 20, ZEC broke through $620, with a 24-hour increase expanding to 11.9%. On the news front, the Zcash Foundation released its Q1 2026 report yesterday, disclosing total liquid assets of approximately $36.7 million, including about $12.11 million in cash, 506,556 USDC, 85,412 ZEC (approximately $21.2 million), 41.8 BTC (approximately $2.85 million), and 12.02 ETH (approximately $25,000). $BTC $ZEC $ETH

A certain whale shorted $11.16 million worth of HYPE at 10x leverage, simultaneously selling over 64,000 spot tokens On May 20, according to OnchainLens monitoring, within the past two hours, a certain whale opened a short position of 218,406 HYPE tokens at 10x leverage, valued at $11.16 million, with an average execution price of $49.76. This whale also sold 64,401 HYPE tokens in exchange for 3.08 million USDC. $HYPE

【$148 million liquidated in total network contracts in the past 24 hours, both longs and shorts liquidated】 On May 20, CoinAnk data shows that in the past 24 hours, $148 million worth of contracts were liquidated across the entire cryptocurrency market, including $61.373 million in long liquidations and $86.3449 million in short liquidations. Total BTC liquidations amounted to $25.8557 million, and total ETH liquidations amounted to $18.8148 million.

[Analysis: Bitcoin Faces Pressure Again, U.S. Stock Market Risk Sentiment Suppresses Crypto Market] Bitcoin weakened again after the U.S. stock market opened on Wednesday, briefly rising to about $77,678 before retreating, continuing this week's structural pattern of "strength during Asian trading hours and decline during U.S. trading hours." The market is focused on the upcoming Nvidia earnings report, which many institutions regard as one of the most critical macro volatility triggers this quarter. As a result, U.S. pre-market sentiment was cautious, with the S&P 500 falling about 1.3% at one point before a slight rebound, but overall risk appetite remained weak. On-chain and spot market structure shows the Coinbase Premium index dropped to a multi-month low, indicating sustained weak buying demand in the U.S. market. This indicator has recently remained negative, reflecting relatively insufficient spot demand in the U.S. region. Even though BTC prices remain high, marginal buying has not increased correspondingly. Technically, Bitcoin has again fallen below the 21-week exponential moving average (21W EMA). Analysts point out that this level may shift from support to resistance, and failure to reclaim it could increase short-term volatility and pullback risks. Overall, the market has entered a wait-and-see mode amid major tech earnings and macro uncertainties. $BTC

In the previous HYPE update, I opened a long position at $46.07, with a stop loss at $41.00 and a target of $50→$55+. Today’s report. HYPE current price $51.492, UTC today +7.65%. 24h high $51.733, 24h low $47.068. Target one $50.00 has been reached. The long position is still open, waiting for $55. What’s most worth noting today is the shorts—they haven’t exited and are actually increasing. Short ratio over the past 10 hours: 51.60% → 51.15% → 51.15% → 51.14% → 51.14% → 51.66% → 51.66% → 51.93% → 51.93% → 51.99% (latest) HYPE rose from $47 to $51, while the short ratio increased from 51.60% to 51.99%. Price has steadily risen, but shorts haven’t decreased; instead, they’re slowly climbing. Then the open interest (OI) over 10 hours: $319.7M → $320.7M → $323.1M → $327.5M → $331.6M → $333.7M → $337.1M → $348.1M → $352.0M → $351.6M (latest) In 10 hours, OI rose from $319.7M to $351.6M, an increase of $31.88M, +9.97%. The 21:00 UTC hour was the strongest, with OI surging by $11.06M in a single hour—that was another wave of shorts entering. Current OI $351.6M is 1.38 times the $255M when the last update was written. Funding rate: +0.000025, flipped from negative in the last update to slightly positive now. Meaning: the shorts from the last update who were paying funding are now shifting—the longs have started paying a tiny bit. But 0.000025 is almost negligible; costs remain very low. From entry at $46 to now $51.49, up +11.8%. Short ratio still around 52%, OI expanded from $255M in the last update to $352M—most of the shorts who entered over the past month are still holding, and another batch came in today. Their stop loss is just above $51.733. Target one $50 has been reached. OI expanded from $255M to $352M, with 52% shorts increasing their positions as price rises—the stop loss has moved up to $47, waiting for a breakout above $51.733, aiming for $55+. $HYPE