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Bitcoin slips below $80,000: Why the 'Trump rally' is hitting a wall of profit-taking HTX Community April Creation ContestEverything Can Be HuobaoHTX Creation Challenge — Post and Win 1,500U 💥 Bitcoin

Bitcoin slips below $80,000: Why the 'Trump rally' is hitting a wall of profit-taking


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Bitcoin slipped back below $80,000 on Wednesday after a brief breakout attempt, as onchain data suggested the rally was already running into profit-taking pressure.

CryptoQuant said bitcoin’s 37% rebound from April lows still looks more like a bear-market rally than a confirmed trend reversal, with realized profits hitting their highest level since December and short-term holders increasingly exiting at a gain.

Bitcoin’s rally has pushed traders back into profit, with holders cashing out at the fastest pace since December, as recent buyers increasingly sell into strength, they wrote.

But the rebound still looks more like a relief rally than a true bull-market breakout, since profits remain well below levels seen in past sustained uptrends while unrealized gains are already high enough to tempt more selling, according to CryptoQuant. Traders are also sitting on an 18% unrealized profit margin, the highest since June 2025, a level where profit-taking has historically accelerated.



Bitcoin slips below $80,000: Why the 'Trump rally'

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BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestMEGA: Real-Time Execution Layer for Ethereum Bitcoin Drops Below $80K as Oil Shock Hits Crypto Bitcoin fell below $80,000 after U

Bitcoin Drops Below $80K as Oil Shock Hits Crypto

Bitcoin fell below $80,000 after U.S. strikes in Iran pushed crude oil briefly above $100, turning a geopolitical shock into an immediate test for crypto risk appetite. The move liquidated about $300 million in futures bets, according to the provided report, as leveraged traders were forced out during the sudden drawdown. 

Bitcoin Drops Below $80K as Oil Shock Hits Crypto

Strategy’s Balance Sheet Keeps Growing Strategy said on May 5 that it held 818,334 BTC as of May 3, representing 22% year-to-date growth. The company also reported $11.68 billion raised year to date, 

Strategy’s Balance Sheet Keeps Growing

Strategy said on May 5 that it held 818,334 BTC as of May 3, representing 22% year-to-date growth. The company also reported $11.68 billion raised year to date, while STRC alone had raised $5.58 billion and cumulative dividends declared and paid on preferred stock had reached $692.5 million.

The company’s own commentary emphasizes the funding side of the model. CEO Phong Le said, “Adoption of Bitcoin continues to grow in 2026. Digital Credit, highlighted by STRC, has been a big success. STRC has shown strong demand, high liquidity, and low volatility.” He added that Strategy raised $5.6 billion in year-to-date STRC gross proceeds and cited growing bitcoin activity from major banks including Morgan Stanley, Goldman Sachs and Citi.

CFO Andrew Kang framed the preferred-equity platform as a core part of the company’s capital structure. “Strategy is the dominant issuer of Digital Credit in the world, with over $13.5 billion of preferred equity outstanding, supported by a fortress Bitcoin balance sheet,” he said. “We continue to extend our track record of servicing our dividends, having now met our payment obligations on time and in full across 23 consecutive distributions, totaling over $693 million since the launch of our preferred equity products in early 2025.”

The Trade-Off: Bigger Purchases, Bigger Obligations
The same structure that enables larger bitcoin purchases also increases Strategy’s ongoing obligations. The company reported a first-quarter net loss of $12.54 billion, or $38.25 per share, driven by a $14.46 billion unrealized loss on digital assets. Strategy’s filings also state that perpetual preferred stock dividends must be paid in perpetuity, and that future obligations could require the company to sell common stock or bitcoin.

Strategy’s Balance Sheet Keeps Growing

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BNY Mellon has increased its holdings in Strategy (MSTR) to 1 million shares worth about $187.2 million, deepening its use of the Bitcoin treasury company as a proxy for BTC exposure without holding c

BNY Mellon has increased its holdings in Strategy (MSTR) to 1 million shares worth about $187.2 million, deepening its use of the Bitcoin treasury company as a proxy for BTC exposure without holding coins directly. Summary The Bank of New York Mellon has bought an additional 101,810 shares of Strategy, a Bitcoin treasury company, in a move worth about $18.7 million. The purchase brings BNY Mellon's total Strategy holdings to 1 million shares, with an aggregate value of roughly $187.2 million at current prices. The bank, which oversees around $2.1 trillion in assets under management, joins a growing list of large institutions building sizable positions in Strategy as a proxy for Bitcoin exposure. The Bank of New York Mellon has disclosed that it increased its holdings in Strategy (NASDAQ: MSTR) by 101,810 shares, according to a filing highlighted by BitcoinTreasuries on X. At a reference price of about $183.50 per share, the incremental buy is worth approximately $18.7 million and lifts BNY Mellon's total position to 1 million shares, valued near $187.2 million. A recent Form 13F summary shows BNY Mellon reporting 33,189 equity positions with an aggregate value of roughly $567.7 billion, underscoring that the $187.2 million Strategy stake remains a small but non-trivial slice of its broader portfolio. For context, BNY manages about $2.1 trillion in assets under management and another $45 trillion in assets under custody and administration, making it one of the world's largest custodians. Strategy-formerly known as MicroStrategy—has effectively turned itself into the largest listed Bitcoin treasury vehicle. Data
from BitcoinTreasuries indicate the company now holds around 818,334 BTC, worth about $66.6 billion as of May 7, 2026, giving it more Bitcoin than any other public company and more than many nation-states. That balance-sheet exposure means e

BNY Mellon has increased its holdings in Strategy

BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestEverything Can Be HuobaoIran has accused the United States of breaching a ceasefire agreement after alleged military strikes targ

Iran has accused the United States of breaching a ceasefire agreement after alleged military strikes targeted two vessels near the Strait of Hormuz and several civilian coastal locations. The claims were made early Friday by Iran’s Khatam al-Anbiya Central Headquarters, the country’s top joint military command, according to reports carried by Iranian state media.An Iranian military spokesperson stated that U.S. forces allegedly attacked an Iranian oil tanker traveling from coastal waters near Jask toward the strategically important Strait of Hormuz. Iranian officials also claimed another vessel entering the strait near Fujairah, a major port city in the United Arab Emirates, was targeted during the operation.The statement further accused the United States of conducting coordinated airstrikes on civilian areas along Iran’s southern coastline. Iranian authorities said the attacks hit locations in Bandar Khamir, Sirik, and Qeshm Island, with claims that certain regional countries cooperated in the operations. However, no official confirmation or response from Washington has been released at the time of writing.The Strait of Hormuz remains one of the world’s most critical oil shipping routes, making any military escalation in the region a major concern for global energy markets and international security. Rising tensions between Iran and the United States have repeatedly threatened stability in the Gulf, especially amid ongoing geopolitical conflicts and disputes over maritime security.Iran’s latest accusations could further increase pressure in the Middle East and spark renewed international concern over potential disruptions to oil transportation and regional peace efforts. Analysts warn that continued confrontations in the Strait of Hormuz may impact global crude oil prices and intensify diplomatic tensions between Tehran and Washington in the coming days.Gold is mean

Iran has accused the United States of breaching a

MU: Top Memory Chip Maker 

On May 8, AI blockchain land registration platform provider Balcony announced the completion of a $12.7 million seed round financing, led by Blockchange Ventures. The platform utilizes Avalanche block

Blockchain Land Record Project Balcony Completes $12.7 Million Seed Round Financing

Zcash to roll out quantum-recoverable wallets within a month, go quantum-proof by 2027BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestHTX Creation Challenge — Post and Win 1,500

Zcash to roll out quantum-recoverable wallets within a month, go quantum-proof by 2027

Zcash will roll out quantum-recoverable wallets within a month and reach full post-quantum status within 12 to 18 months, Zcash Open Development Lab founder and CEO Josh Swihart told a Consensus Miami audience on Thursday in a session moderated by Solana infra firm Helius's founder Mert Mumtaz.

A separate scaling track is targeting MasterCard- and Visa-scale throughput on a similar horizon.

The roadmap arrived during a $ZEC rally that has lifted the token more than 110% over the past 30 days as prominent crypto fund Multicoin Capital disclosed a sizable $ZEC investment and the privacy narrative caught on among investors, sentiment daata shows.

Swihart's pitch was that Bitcoin no longer holds up as the cypherpunk-grade money it was meant to be. The asset works as an ETF wrapper and a store of value, he said, but as a peer-to-peer private payment system "it's just fundamentally broken."

Visible balances on a transparent ledger let governments seize what they can see, he argued, the same wealth-visibility critique Multicoin's Tushar Jain leaned on this week when disclosing the fund's purchases.

The user-side traction is running through the Electric Coin Company's mobile wallet after an October integration with Near Intents opened cross-chain swaps from assets like BTC, SOL and $USDC directly into shielded $ZEC.

Near Intents lets a user state what they want, like turning $USDC into $ZEC, while specialized routers handle the multi-step trade across different blockchains in the background.

Roughly $600 million to $700 million has flowed through that route since launch, mostly to and from USD and $USDC, Swihart said. Near's broader intent-based system has processed close to $800 million in volume over the past 30 days alone, per Near Protocol data, with Ether

Zcash to roll out quantum-recoverable wallets with

BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestEverything Can Be HuobaoTrusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Recen

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Recent data shows that tokenized China-linked equities and Exchange-Traded Funds (ETFs) on BNB Chain have exploded in 2026, with Ondo Global Markets’ China basket leading the charge.Related Reading: Morgan Stanley Debuts Crypto Trading On E*Trade With Lower Fees Than RivalsTokenized China Basket Sees Explosive Growth on BNB ChainOndo Global Markets’ basket of tokenized China-linked equities and ETFs on the BNB Chain has seen a remarkable performance year-to-date (YTD), reaching new highs across multiple metrics over the past few months. The basket tokenizes 11 high-profile Chinese ADRs and common stocks, including Alibaba (BABA), Baidu (BIDU), Bilibili (BILI), Coupons.com (CPNG), Futu (FUTU), JD.com (JD), Li Auto (LI), NIO (NIO), NetEase (NTES), Pinduoduo (PDD), and Trip.com (TCOM). In addition, it contains two China-focused US ETFs, iShares China Large-Cap ETF (FXI) and KraneShares CSI China Internet ETF (KWEB).Dune data shows that the basket has seen explosive growth, with its market capitalization on the BNB Chain surging 2,850% YTD. Notably, China-linked equities and ETFs have grown from a market cap of $316,000 on January 1 to $9.3 million as of May 4, 2026.Market cap growth accelerated sharply in early March, recording 27%, 29%, and 38% Week-over-Week (WoW) increases between March 2 and March 16, later peaking in mid-April at $11.1 million. Cumulative holders followed suit, growing 2,200% YTD from 370 to 8,466 holders. Meanwhile, holders’ growth acceleration peaked between January and February during the Bitget Onchain Challenge, Dune noted.March also marked the basket’s biggest month based on BNB Chain DEX Volume, with $46.7 million, which also accounted for 99% of all-chain China-cluster volume that month. All-time China-cluster DEX volume since launch stands a

Trusted Editorial content, reviewed by leading ind

BTC Price Guess: 18M HTX Awaits YouHTX Community April Creation ContestEverything Can Be HuobaoSenator Ashley Moody took the Consensus Miami 2026 stage on Thursday to tell the crypto industry how she 

Senator Ashley Moody took the Consensus Miami 2026 stage on Thursday to tell the crypto industry how she sees the relationship between Washington and digital assets. Summary Senator Ashley Moody appeared at Consensus Miami 2026 on Day 3 alongside Digital Chamber CEO Cody Carbone. The session addressed Washington’s relationship with crypto as the CLARITY Act approaches a Senate committee vote. Moody joins a historically large cohort of federal policymakers appearing at Consensus 2026 for the first time. Senator Ashley Moody took the Consensus Miami 2026 stage on Thursday alongside Digital Chamber CEO Cody Carbone to discuss how Washington should engage with the digital asset industry. It is her first Consensus appearance, part of a broader push by federal officials to be seen at the industry’s biggest annual event. The session comes at a pivotal moment for crypto legislation. The CLARITY Act is racing toward a potential Senate Banking Committee markup before the May 21 Memorial Day recess, with Senators Cynthia Lummis and Bernie Moreno warning that failure pushes the next window to 2030. As crypto.news reported, Ripple CEO Brad Garlinghouse called the past week a “big positive shift” in Senate momentum from the same stage on Day 1. You might also like: Gate rolls out localized fiat on-ramps in CIS, chasing ~$650M in daily volume A Senate debut for crypto policy Moody’s appearance follows Senator Kirsten Gillibrand’s Day 2 remarks, covered by crypto.news, in which Gillibrand expressed optimism about the CLARITY Act’s path through Congress. CFTC Chairman Michael Selig and White House official Patrick Witt also attended Consensus 2026 for the first time, as the Senate Banking Committee targets a CLARITY Act markup the week of May 11. Consensus 2026 drew more than 20,000 attendees to Miami Beach, with institutional participation at approximately 35% of the audience, repre

Senator Ashley Moody took the Consensus Miami 2026

On May 8, according to AUSTRAC's official website, Australia's financial intelligence agency AUSTRAC announced the initiation of two special regulatory inspections in the country's virtual asset indus

Australia's Anti-Money Laundering Regulator Launches Special Inspections on 63 Crypto Firms

🇧🇷 Brazil President signs legislation into law empowering the central bank to regulate the #Bitcoin and crypto industry.

🇧🇷 Brazil President signs legislation into law empowering the central bank to regulate the #Bitcoin    and crypto industry.<img src="https://d1x7dwosqaosdj.cloudfront.net/images/2023-06-15/1955d9ce4bc030cd314ce279428b4108.jpg" alt="20230615_072020.jpg" style="width:100%; height:auto; margin-top: 10px; margin-bottom: 10px"><br><br>

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美国RWA是如何攻克房地产、固定收益与供应链金融难题的

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