Velodrome Finance 價格VELO

Bitcoin  BTC $101,646 price briefly stumbled on May 12, falling to $102,388 after hitting an intraday high at $105,819 during the US trading session. At first glance, the abrupt correction seemed unexpected given the positive news of the day. Since Sunday evening (May 11), mainstream media headlines have reported on the positive headway made in the US-China trade talks occurring in Switzerland, and throughout the evening, President Trump ran his victory lab via Truth Social posts heralding the positives of the deal. As news of the tentative deal broke, US equity futures markets soared, and these gains materialized into a 1,000-point rally in the Dow at the opening bell. Looking beyond the temporary resolution of the US-China trade war, Bitcoin has racked up back-to-back wins over the past two weeks. On May 12, Strategy CEO Michael Saylor announced that the company had acquired 13,390 Bitcoin, bringing its total balance to 568,840 BTC.  On the same day, shares of healthcare company KindlyMD surged up to 600% after announcing the merger with Nakamoto Holdings, a Bitcoin investment company founded by David Bailey, who is Trump’s current crypto adviser. The month of April followed a similar trajectory to today, where frequent Bitcoin treasury creation announcements were made by an assortment of US-based and international companies.  Profit taking and de-risking drive the current Bitcoin price correction While Bitcoin's mass adoption appears to be accelerating, data from Glassnode suggests that BTC price could be in for a brief period of consolidation after gaining 9% in the last week. The onchain analytics firm posted the following chart and warned that:  “BTC Supply Mapping shows sustained strength in new demand. First-Time Buyers RSI has held at 100 all week. But Momentum Buyers remain weak (RSI ~11), and Profit Takers are rising. If fresh inflows slow, lack of follow-through could lead to consolidation.”  At major crypto exchanges, there was an uptick in selling in perpetual futures markets, and selling was also seen in spot markets as BTC price rallied into a sell wall near $106,000. From a trader's point of view, a portion of the selling could be possible derisking ahead of the May 13 Consumer Price Index (CPI) inflation report, along with the view that the Trump trade deal with China is now priced in after BTC failed to rally and hold above $104,000 on such momentous news.  Leading into the trade war news, the US Dollar Index (DXY) rallied and stock indexes soared. Seeing Bitcoin failing to break and hold $104,000 to $105,000 prior to stock futures opening and then BTC being unable to follow equities opening bell gains in the NY session suggests some traders elected to close profitable longs ahead of tomorrow’s CPI or before the current bid appetite shifts to lower price levels.  BTC/USDT futures 1-hour chart. Source: Velo This view can be interpreted by the chart above, showing open interest rising hour-over-hour, along with an abrupt spike in the funding rate as short positions opened and longs were liquidated.  Spot purchasing played a significant role in last week’s Bitcoin price rally, and the May 12 announcement from Strategy and spot BTC ETF inflows of the past 7 days raises more immediate concerns of whether the type of buying appetite seen since late April will spill over into another week.  Considering the accelerating pace of Bitcoin adoption within traditional finance and the rapidly improving crypto regulatory environment, the current price action appears to be a short-term technical correction. Perhaps, dependent upon tomorrow’s CPI print, spot and margin longs will return in force once the market digests the details of the report. $BTC

$VELO - Mcap 74M$ - 88%/ 39.7K votes Bullish SC02 M5 pending Long order, entry contains POC + not affected by any weak zone, estimated stop-loss around 4.01%. The uptrend is in its 498th cycle, with an increase range of 60.35%.

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$HOLDCOIN has bounced with strong volume from support level at 0.000160 and now consolidating in range from 0.000160 to 0.0002 with 24Hour high at 0.000311 acting as short term resistence. with AI development already announced and more updates on the way this could yet be another huge oppurtunity to grab as it will heat up in coming time. exciting times ahead. DYOR $ONDO $LQTY $AI $MDT $BIZA $JASMY $OORT $MOBILE $SUPER $THE $RARE $DMAIL $VELO $FIRE $SAROS $AVA $ZZZ $CVX $WIF