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CryptoQuant analyst Axel Adler Jr. stated on the X platform that based on the Adjusted Realized Price Bands model calibrated to Bitcoin's current circulating supply, a drop to the key range of $59,000 is necessary to truly initiate the long-term bottoming process for Bitcoin. He noted that bottoming is not a short-term process and will not be completed within one to two weeks, with the baseline scenario suggesting it may take around six months. Axel Adler Jr. emphasized that while Bitcoin has seen recent gains, the core factor driving market stabilization is not emotional recovery or localized rebounds, but rather the return of long-term genuine demand. This means that a true bottom may only be established when the market begins to reprice future value and spot buying continues to recover.

[CryptoQuant Analyst: BTC Must Fall to $59,000 to Begin Long-Term Bottoming Process]CryptoQuant analyst Axel Adler Jr. stated on the X platform that based on the Adjusted Realized Price Bands model calibrated to Bitcoin's current circulating supply, a drop to the key range of $59,000 is necessary to truly initiate the long-term bottoming process for Bitcoin. He noted that bottoming is not a short-term process and will not be completed within one to two weeks, with the baseline scenario suggesting it may take around six months. Axel Adler Jr. emphasized that while Bitcoin has seen recent gains, the core factor driving market stabilization is not emotional recovery or localized rebounds, but rather the return of long-term genuine demand. This means that a true bottom may only be established when the market begins to reprice future value and spot buying continues to recover.

CryptoQuant Analyst: BTC Must Fall to $59,000 to Begin Long-Term Bottoming Process

On May 2, data from Farside Investors revealed that this week, the net inflow into Bitcoin ETFs reached $162.8 million. Among these, BlackRock's IBIT saw a net inflow of $136.6 million, ARKB had a net inflow of $50.1 million, and FBTC recorded a net inflow of $48.5 million.

[This Week's Bitcoin ETF Net Inflow Reaches $162.8 Million]On May 2, data from Farside Investors revealed that this week, the net inflow into Bitcoin ETFs reached $162.8 million. Among these, BlackRock's IBIT saw a net inflow of $136.6 million, ARKB had a net inflow of $50.1 million, and FBTC recorded a net inflow of $48.5 million.

This Week's Bitcoin ETF Net Inflow Reaches $162.8 Million

On May 2, according to an official announcement from Bitdeer, as of May 1, 2026, the company produced 186 bitcoins this week, all of which were sold, resulting in a net holding increase of 0 BTC. The company's own BTC holdings remain at 0.

[Bitdeer Produces 186 Bitcoins This Week, All Sold]On May 2, according to an official announcement from Bitdeer, as of May 1, 2026, the company produced 186 bitcoins this week, all of which were sold, resulting in a net holding increase of 0 BTC. The company's own BTC holdings remain at 0.

Bitdeer Produces 186 Bitcoins This Week, All Sold

On May 2, the United States threatened to impose sanctions on shipping companies that pay Iran for security fees in the Strait of Hormuz. (Dongxin News Agency)

[US Threatens Sanctions on Shipping Companies Paying Iran for Strait of Hormuz Security Fees]On May 2, the United States threatened to impose sanctions on shipping companies that pay Iran for security fees in the Strait of Hormuz. (Dongxin News Agency)

US Threatens Sanctions on Shipping Companies Paying Iran for Strait of Hormuz Security Fees

On May 2, Farside Investors reported that this week, the net inflow into Bitcoin ETFs reached $162.8 million. Among them, BlackRock's IBIT saw a net inflow of $136.6 million, ARKB had a net inflow of $50.1 million, and FBTC recorded a net inflow of $48.5 million.

[This Week's Bitcoin ETF Net Inflow Reaches $162.8 Million]On May 2, Farside Investors reported that this week, the net inflow into Bitcoin ETFs reached $162.8 million. Among them, BlackRock's IBIT saw a net inflow of $136.6 million, ARKB had a net inflow of $50.1 million, and FBTC recorded a net inflow of $48.5 million.

On May 2, on-chain analyst Ai Yi (@ai_9684xtpa) reported that a certain whale has made a profit of $3.11 million from a long position on 80,000 ETH. Specifically: · Address 0xa5b…01d41: holds 40,000 long positions, with an opening price of $2,265.5, resulting in a profit of $1.526 million; · Address 0x6c8…d84f6: holds 40,000 long positions, with an opening price of $2,265.4, resulting in a profit of $1.528 million.

[Whale Profits $3.11 Million from Long Position on 80,000 ETH]On May 2, on-chain analyst Ai Yi (@ai_9684xtpa) reported that a certain whale has made a profit of $3.11 million from a long position on 80,000 ETH. Specifically: · Address 0xa5b…01d41: holds 40,000 long positions, with an opening price of $2,265.5, resulting in a profit of $1.526 million; · Address 0x6c8…d84f6: holds 40,000 long positions, with an opening price of $2,265.4, resulting in a profit of $1.528 million.

Whale Profits $3.11 Million from Long Position on 80,000 ETH

On May 2, according to data from DefiLlama, Hyperliquid's revenue for April reached $52.22 million, a decrease of 14.95% compared to March's revenue of $61.40 million.

[Hyperliquid Reports April Revenue of $52.22 Million, Down 14.95% Month-over-Month]On May 2, according to data from DefiLlama, Hyperliquid's revenue for April reached $52.22 million, a decrease of 14.95% compared to March's revenue of $61.40 million.

Hyperliquid Reports April Revenue of $52.22 Million, Down 14.95% Month-over-Month

On May 2, the U.S. government announced that its 10% stake in Intel (INTC.US) has generated $40 billion in earnings. (Dongxin News Agency)

[U.S. Government: $40 Billion Earned from 10% Stake in Intel (INTC.US)]On May 2, the U.S. government announced that its 10% stake in Intel (INTC.US) has generated $40 billion in earnings. (Dongxin News Agency)

U.S. Government: $40 Billion Earned from 10% Stake in Intel (INTC.US)

On May 2, an economic agency analyzed that U.S. President Donald Trump’s announcement to impose tariffs on EU cars and trucks could lead to a loss of nearly 15 billion euros (approximately $17.58 billion) in German output. The Kiel Institute for the World Economy (IfW) highlighted this estimate, underscoring the vulnerability of the EU's largest economy to U.S. import tariffs—such tariffs have already inflicted billions of euros in losses on the German automotive industry. The institute's analysis stated, "The impact will be significant," projecting that the output loss could rise to about 30 billion euros in the long term. Moritz Schularick, president of the Kiel Institute, noted that Trump announced on Friday that he would raise the EU auto tariff from the previously agreed 15% to 25% next week, citing the EU's failure to comply with a trade agreement made with Washington. IfW economist Julian Schmitz remarked, "Germany's already sluggish economic growth will be severely impacted." The institute currently predicts that the German economy will grow by 0.8% this year. It added that other major European economies with significant automotive industries, such as Italy, Slovakia, and Sweden, could also suffer substantial losses. Jens Sudekum, chief advisor to the German Minister of Economy, suggested caution regarding Trump's actions. Sudekum stated, "The EU should simply wait and see. It is well-known that Trump often rescinds or retracts his high-profile tariff threats." He pointed out that Trump must clarify why he believes the EU has not complied with existing trade agreements, and it remains unclear whether the latest tariff threat has a legal basis. The advisor commented, "Everything seems quite impulsive." (Dongxin News Agency)

[Agency: Trump Plans to Raise Auto Tariffs, Could Cost Germany Nearly $18 Billion]On May 2, an economic agency analyzed that U.S. President Donald Trump’s announcement to impose tariffs on EU cars and trucks could lead to a loss of nearly 15 billion euros (approximately $17.58 billion) in German output. The Kiel Institute for the World Economy (IfW) highlighted this estimate, underscoring the vulnerability of the EU's largest economy to U.S. import tariffs—such tariffs have already inflicted billions of euros in losses on the German automotive industry. The institute's analysis stated, "The impact will be significant," projecting that the output loss could rise to about 30 billion euros in the long term. Moritz Schularick, president of the Kiel Institute, noted that Trump announced on Friday that he would raise the EU auto tariff from the previously agreed 15% to 25% next week, citing the EU's failure to comply with a trade agreement made with Washington. IfW economist Julian Schmitz remarked, "Germany's already sluggish economic growth will be severely impacted." The institute currently predicts that the German economy will grow by 0.8% this year. It added that other major European economies with significant automotive industries, such as Italy, Slovakia, and Sweden, could also suffer substantial losses. Jens Sudekum, chief advisor to the German Minister of Economy, suggested caution regarding Trump's actions. Sudekum stated, "The EU should simply wait and see. It is well-known that Trump often rescinds or retracts his high-profile tariff threats." He pointed out that Trump must clarify why he believes the EU has not complied with existing trade agreements, and it remains unclear whether the latest tariff threat has a legal basis. The advisor commented, "Everything seems quite impulsive." (Dongxin News Agency)

Agency: Trump Plans to Raise Auto Tariffs, Could Cost Germany Nearly $18 Billion

On May 1, the Central Bank of Brazil issued Resolution No. 561, prohibiting the use of virtual assets for settlements in regulated electronic foreign exchange (eFX) international payment and transfer services. The new regulation requires that payments or receipts between eFX service providers and foreign counterparties must be completed through foreign exchange transactions or non-resident Brazilian real accounts. This restriction also applies to eFX service providers that are in a transitional period and have not yet been approved. The rule does not impose a complete ban on cryptocurrency transfers in Brazil but excludes virtual assets and stablecoins from regulated eFX channels.

[Brazil Central Bank Prohibits Use of Virtual Assets for Settlements in Regulated eFX Cross-Border Payment Channels]On May 1, the Central Bank of Brazil issued Resolution No. 561, prohibiting the use of virtual assets for settlements in regulated electronic foreign exchange (eFX) international payment and transfer services. The new regulation requires that payments or receipts between eFX service providers and foreign counterparties must be completed through foreign exchange transactions or non-resident Brazilian real accounts. This restriction also applies to eFX service providers that are in a transitional period and have not yet been approved. The rule does not impose a complete ban on cryptocurrency transfers in Brazil but excludes virtual assets and stablecoins from regulated eFX channels.

Brazil Central Bank Prohibits Use of Virtual Assets for Settlements in Regulated eFX Cross-Border Payment Channels

Descargo de responsabilidad：El contenido anterior no representa las posiciones de HTX.，HTX no ofrece ninguna recomendación de trading.。

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