The aggregate open interest in Bitcoin futures has surged to a record high of $72 billion, marking an 8% increase from $66.6 billion the previous week. This growth is primarily driven by institutional investors, with the Chicago Mercantile Exchange (CME) leading at $16.9 billion in BTC futures, followed by Binance at $12 billion.Notably, approximately $1.2 billion in short positions are concentrated between the $107,000 and $108,000 price levels. A breakout above this range could trigger significant liquidations, potentially propelling Bitcoin to new all-time highs.Macroeconomic Factors Influencing Bitcoin's MomentumSeveral macroeconomic factors are contributing to Bitcoin's upward trajectory:U.S. Fiscal Uncertainty: Ongoing concerns about the United States' fiscal health, including rising deficits and interest expenses, have led to Moody's downgrading the U.S. credit rating. BinanceTreasury Yields: The yield on the U.S. 30-year Treasury has breached the 5% threshold, reaching levels not seen since April 9. This increase in yields reflects reduced foreign demand and investor unease over trade policies.Institutional Interest: Institutional investors are increasingly viewing Bitcoin as a hedge against traditional financial market volatility, leading to increased demand and investment in BTC futures.Potential for Bitcoin's Price BreakoutThe current market conditions suggest that Bitcoin is poised for a potential breakout:Liquidity Dynamics: The concentration of short positions around the $107,000 to $108,000 range creates a scenario where a price surge could trigger a cascade of liquidations, further driving up the price.Comparative Asset Allocation: With gold's market capitalization at $22 trillion and Bitcoin's at $2.1 trillion, even a modest reallocation of assets from gold to Bitcoin by institutional investors could result in significant inflows into BTC.Bitcoin's recent performance, characterized by a record-high futures open interest and increasing institutional demand, indicates a strong bullish sentiment in the market. Coupled with macroeconomic factors such as U.S. fiscal uncertainty and rising Treasury yields, Bitcoin appears well-positioned for a potential price breakout in the near term, according to Cointelegraph.

On-chain data shows Ethereum has seen a significant rise in its Realized Cap recently, signaling the incoming of capital into the asset. Ethereum Realized Cap Has Climbed To $244. 6 Billion Recently In a new post on X, the on-chain analytics firm Glassnode has talked about how the trend in the Ethereum Realized Cap has flipped since the Pectra upgrade. The Pectra upgrade went live on May 7th and introduced a bunch of improvements to the ETH network, including staking enhancements and an increase in transaction capacity source: https://www.newsbtc.com/news/ethereum/3-8-billion-capital-inflows-ethereums-pectra/

1. Cookie DAO launched v1.0 Alpha version and introduced content points reward mechanism; 2. Dune launched multi-chain real-time developer platform sim, providing a complete set of API endpoints for wallets and portfolios; 3. Binance Wallet: optimizing the problem of Sui chain displaying balance; 4. The whale who once made a profit of $12.65 million by trading UNI bought $3.96 million of UNI after 3 years of dormancy; 5. The market value of Virtuals' new project AXR exceeded $20 million; 6. The current price of Bitcoin is close to the short opening cost price of "Hyperliquid 50x Insider Whale"; 7. The whale withdrew 3.24 million USDC from Kraken and bought LAUNCHCOIN and Fartcoin; 8. Arthur Hayes: Bitcoin may rise to $200,000, and the US Treasury policy is the key driving force; 9. Ethereum spot ETF had a total net inflow of $64.889 million yesterday, continuing 3 Daily net inflow; 10. A trader spent 54 SOL to buy LAUNCHCOIN and made a profit of 421 times to 2.78 million US dollars.

South Korea permits crypto sales by certain entities starting June, enhancing market regulations. source: https://coincu.com/338826-south-korea-crypto-sales-2025

Odaily Planet Daily News According to Onchain Lens monitoring, a trader bought 14.62 million LAUNCHCOIN with only 54 SOL (worth about $8,191) about 28 days ago, before its market value soared to more than $300 million. The trader then gradually sold all LAUNCHCOIN, earning a total of 16,321 SOL (worth about $2.78 million) and $666,000 USDT, achieving a return of up to 421 times.

The bill seeks to create the “Texas Strategic Bitcoin Reserve,” which would allow the state to invest in Bitcoin as part of its financial strategy. … source: https://coinpedia.org/news/texas-strategic-bitcoin-reserve-bill-advances-toward-final-approval/

Although bitcoin (BTC) can be traded 24/7 its candles open and close daily similar to foreign exchange markets. The latest data from TradingView shows Tuesday's candle ended (UTC) at $106,830, the highest-ever daily closing price.The bullish move came as investors poured money into the spot exchange-traded funds (ETFs) amid chaotic price action in bond markets that suggested heightened concerns about the fiscal health of major economies, including the U.S source: https://www.coindesk.com/markets/2025/05/21/bitcoin-sets-record-daily-close-with-usd110k-as-the-next-level-to-watch-for-btc

S. Securities and Exchange Commission (SEC) has hit the pause button on an XRP ETF proposal, this time from 21Shares. While it may sound disappointing, this delay is more routine than alarming source: https://coinpedia.org/news/when-will-sec-approve-an-xrp-etf-latest-delay-explained/

Blackstone, which bills itself as the “the world’s largest alternative asset manager,” disclosed its first-ever crypto-related purchase, buying shares in BlackRock’s spot Bitcoin exchange-traded fund. However, Blackstone’s investment, reported in a May 20 filing with the US Securities and Exchange Commission, only totaled around $1. 08 million — a fraction of the asset manager’s $1. 2 trillion portfolio source: https://cointelegraph.com/news/blackstone-buys-1-million-blackrock-bitcoin-etf-ibit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to PANews, data from SoSoValue indicates that on May 20, Eastern Time, Ethereum spot ETFs experienced a net inflow of $64.89 million, marking the third consecutive day of positive inflows. Among these, BlackRock's ETHA saw a net inflow of $45.04 million, while Fidelity's FETH recorded a net inflow of $19.84 million. Currently, the total assets of Ethereum spot ETFs in the market amount to $8.7 billion, representing 2.87% of Ethereum's total market capitalization. The historical cumulative net inflow stands at $2.59 billion.

According to the news we learned last week, the Alpha's first release is scheduled for mid-June, and in the next few days it is estimated to be the end of June.

Bitget’s live-streaming boosts real-time engagement with trading tools and token recommendations, while offering creators new ways to earn through streaming, referrals, and its on-chain affiliate programme.

Justin Sun has invested $19 million in the TRUMP memecoin, making him the largest holder and earning an invite to former President Trump’s exclusive dinner for top token holders. The event brings together key crypto figures involved with the TRUMP token, amid ongoing regulatory scrutiny and political controversy.

It’s been a transformational year for Coinbase. Here are some of the biggest catalysts for COIN.

The German government sold nearly 50k bitcoins in the months of June and July at a price of $49,858 missing out on approximately $2.35 billion returns by Nov 2024.

On May 19, Huobi HTX officially launched the newly upgraded "Pledged Coin Loan 2.0" product. The new version has been comprehensively optimized in terms of product architecture and user experience.

During the May Day holiday, I drove through the Hexi Corridor from Wuwei to Zhangye, Jiuquan, and then to Dunhuang. Driving on the Gobi Highway, I often saw wind turbines on both sides of the highway, standing silently on the Gobi, which was quite spectacular.

StraitsX has partnered with Ripple to launch its Singapore dollar-backed stablecoin XSGD on the XRP Ledger, improving speed and lowering costs for digital payments. This partnership supports cross-border transactions and expands access to regulated stablecoins in Asia.

Kraken has launched Europe’s largest regulated crypto derivatives platform, following its MiFID license acquisition via a Cyprus-based firm. The move boosts its EU reach and meets growing institutional demand for compliant digital assets.

More cryptocurrency IPOs and mergers and acquisitions in the coming weeks could depend on the price of bitcoin, according to VanEck’s head of research.