Trading

Bitcoin has climbed toward the $80,000 area in recent weeks, extending its rebound from the bear-market lows seen in Q1 2026, but momentum appears to be fading near this psychological level. A May 15 analysis argues on-chain indicators suggest a “low-velocity” range is forming around $80,000, while BTC trades just above $79,000 after an almost 3% daily drop.

Bitcoin fell back below $80,000, sliding to $79,049 on Saturday after earlier-week strength. The move followed a 6% U.S. producer price inflation print and coincided with U.S. spot Bitcoin ETF outflows of $1 billion for the week ending May 15, with $78,000 now the key support level.

Hyperliquid's HYPE token surged after breaking the $30-$32 moving-average cluster, later struggling to hold above short-term averages after failing to keep gains past highs near $43. The protocol is also drawing attention from institutional channels after Ripple integrated Hyperliquid into Ripple Prime in February, and after Grayscale filed an amended S-1 for a proposed Grayscale HYPE ETF on May 11, 2026.

Multicoin Capital moved its remaining 286,057 AAVE tokens to Coinbase Prime on May 16, with the position valued at about $26.68 million at the time. The fund built a 338,005 AAVE stake between Oct. 13 and Nov. 25, 2025 at an average entry of $218, and with AAVE near $90 the trade implies an unrealized loss of more than $40 million.

Dogecoin (DOGE) is showing early reversal signals after a prolonged downtrend that began in September last year, alongside rising capital inflows. A newly created wallet opened a 20 million DOGE 10x-leverage position worth more than $2.25 million, while spot DOGE ETFs recorded over $1.30 million of net inflows in May. Technically, DOGE has moved above the 20-, 50-, and 100-day EMAs and is approaching the 200-day EMA near $0.125.

Ethereum spot ETFs logged a $65.65 million net weekly outflow, the largest weekly withdrawal since January, with no day showing fresh inflows. Withdrawals were steady throughout the week, with the biggest single-day outflow on Tuesday, May 12, when funds shed $130.62 million in 24 hours.

Bitcoin (BTC) slid below $78,000 on Saturday and printed an intraday low of $77,614, its weakest level since May 1. Traders pointed to weakening support with $75,000 and even lower levels on watch, while some argued the move could be setting up a "bear trap" as open interest rose and funding rates turned negative.

On 15 May, about $60 billion left the crypto market as U.S. equities collectively shed nearly $1 trillion, setting up what looked like a cross-asset risk reset. Around $415 million in crypto positions were then liquidated—close to 90% from longs—after Bitcoin had spent more than four weeks consolidating near $80k. The move also coincided with the U.S. 10-year yield breaking above 4.55% for the first time since May 2025, adding to broader risk-off concerns.

Ethereum fell below $2,200 after repeated failures near $2,400, while the ETH/BTC ratio slipped under 0.028, marking a 10-month low. Analysts pointed to heavy exchange inflows—more than 500,000 ETH over the past week—as a potential source of added selling pressure. Bullish voices, however, argued ETH could rebound from diagonal support on the 8-hour chart as some long-term holders resume buying.

XRP pulled back after failing at $1.55 and has fallen more than 7% over the past three days while still tracking an ascending trendline. MCO Global said May 15 that holding $1.40 could keep another push toward $1.55–$1.58 in play, while losing it may open a drop to $1.37 and then $1.30.