According to recent analysis from COINOTAG on May 10th, the Bitcoin Dominance (BTC.D) metric has experienced a decline of 2.5% over the last 48 hours, settling at 63.46%. This follows
By being pre-programmed to have only 21 million bitcoins ever to exist, the largest cryptocurrency’s model is not, by definition, deflationary. After all, new BTC is mined every day, and none is being destroyed in the traditional sense of the word, which is the opposite of deflationary. However, CryptoQuant’s CEO explained how Strategy and its co-founder, and BTC champion, Michael Saylor, made bitcoin into a deflationary asset. Is BTC Deflationary? By definition, deflationary means that the asset’s supply is designed to decrease over time. So, by that explanation, the newly minted BTC every day (currently ~450 BTC/day) does not put the cryptocurrency into that category. Someone would argue that BNB should be there since it has a burning mechanism to reduce the overall supply from 200,000 to 100,000. Ethereum also made some progress on that matter, but that’s a different and rather controversial topic (and it doesn’t really work as promised, at least not always). In BTC’s case, though, there’s one big (un)spoken hero who deserves a big “thank you” from Bitcoin Maxis, according to CryptoQuant’s chief exec, Ki Young Ju (even though he deleted the original post with the thank you note). In the updated one, he explained that Michael Saylor, through the company he co-founded, has turned Bitcoin into a deflationary asset because the entity is “buying BTC faster than it’s mined.” CQ’s CEO determined that Strategy’s strategy (yeah, we get how it sounds) not to sell at any cost has turned its massive stash of over 555,000 BTC into an illiquid supply. This means that MSTR’s holdings are equal to -2.23% annual deflation rate for bitcoin. The percentage could be even higher when we examine other “stable institutional holders” who have incorporated the HODL strategy. #Bitcoin is deflationary. @Strategy is buying BTC faster than it’s mined. Their 555K BTC is illiquid with no plans to sell. MSTR’s holdings alone mean a -2.23% annual deflation rate—likely higher with other stable institutional holders. pic.twitter.com/9VKT3IdcYo — Ki Young Ju (@ki_young_ju) May 10, 2025 555,450 and Counting The company began its massive accumulation spree in September 2020 when it was called MicroStrategy and Saylor was still CEO. At a time when bitcoin was fighting to stay above $10,000 (yes, one zero less than now), the NASDAQ-listed business intelligence software firm bought 21,454 BTC via 78,388 off-chain transactions. In the following year, the cryptocurrency’s price skyrocketed to an all-time high of almost $70,000. The company kept buying. Then, the asset plunged deep below $20,000 following the FTX crash as well as many other industry blow-offs. The firm continued accumulating, even though its stash was now well in the red. The 2024 US elections only strengthened Strategy’s conviction, and the firm now owns 555,450 BTC , valued at almost $58 billion at current prices. This puts its holdings in an unrealized profit state of nearly $20 billion. The post How Saylor’s Strategy Transformed Bitcoin into a Deflationary Asset: Details appeared first on CryptoPotato .
EGRAG CRYPTO (@egragcrypto), a prominent analyst in the digital asset space, has released an updated evaluation of XRP’s market position. He emphasized its price movement within the established Bull Market Support Band (BMSB). As of May 5, 2025, EGRAG CRYPTO reports that there have been no significant changes in XRP’s price trend since April 30. According to the analyst, “the market continues to hold within the established support zone,” reflecting a period of short-term stagnation. #XRP — Bull Market Support Band (UPDATED) Close three days above or below: Above $2.41 — #BULLISH Below $2.15 — #Bearish Anything in between? Just micro noise! #XRPFamily Together We Rise , MACRO TARGETS STILL THE SAME pic.twitter.com/AvUtARqrbF — EGRAG CRYPTO (@egragcrypto) May 8, 2025 Support Band Parameters and Market Implications The support band is defined by two key levels. The upper boundary is at $2.41, while the lower boundary is set at $2.15. XRP is trading at $2.29. The digital asset has been rising since Donald Trump’s recent announcement . The asset is trading within the key boundary levels, and the analyst identifies this range as a critical area that distinguishes between bullish and bearish momentum in the short term. A close above the $2.41 threshold would indicate strong bullish sentiment, whereas a decline below $2.15 would be interpreted as a bearish reversal. Current Market Conditions and Observations Despite the narrow range, EGRAG CRYPTO emphasizes that XRP remains stable, with no disruptions to the broader market outlook. His analysis predicts short-term behavior, and the digital asset’s long-term perspective remains positive as experts predict massive breakouts . We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 The chart shows that XRP has experienced minor fluctuations around the support levels over the past few weeks. The asset has seen brief touches near the lower bound and modest rebounds, but none have resulted in a sustained directional breakout. Its position is visibly constrained within the BMSB . The price hovers near the midsection of the support zone, suggesting a temporary equilibrium between buying and selling pressure. Next Support Level and Cautionary Outlook Should XRP begin to close below $2.14 consistently, EGRAG CRYPTO identifies $1.90 as the next critical level to monitor. This level would act either as a point of price retest or serve to reaffirm the previous support. For now, EGRAG CRYPTO advises that XRP remains within the valid boundaries of the BMSB and states that “no significant deviations to report” have occurred. If the asset falls, it could rebound to $1.9 and begin building toward another breakout. If it breaks above $2.41, that gives the asset the boost the community has been anticipating, and we could see the asset finally cross $3 again soon. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Bull Market Support Band Updated: Analyst Identifies Bullish and Bearish Spots appeared first on Times Tabloid .
The price of SUI, the native token of the Sui blockchain, has experienced a significant rally, accompanied by a notable increase in open interest. This combination of factors suggests growing market activity and positive sentiment surrounding the asset. Factors Driving the Price Increase Several factors could be contributing to SUI’s recent price surge. These may … Continue reading "SUI Price Rallies with Surge in Open Interest" The post SUI Price Rallies with Surge in Open Interest appeared first on Cryptoknowmics-Crypto News and Media Platform .
The post Bitcoin’s $150K Dream Delayed by Panic Sellers, Claims Michael Saylor appeared first on Coinpedia Fintech News Bitcoin’s journey to $150,000 has hit an unexpected roadblock – short-term investors selling off at the wrong time. As Bitcoin surged, a wave of holders without long-term conviction took the opportunity to cash out. But there’s a twist. A new group of investors, including those entering through ETFs and Bitcoin treasury companies, are stepping in. Could they be the key to Bitcoin’s next breakout? Here’s what Saylor has to say. Short-Term Mindset Fuels the Sell-Off Michael Saylor, the founder of Strategy (formerly MicroStrategy), didn’t hold back when discussing the current market dynamics. Speaking with Natalie Brunell on the Coin Stories podcast, Saylor explained that many Bitcoin holders, especially those like governments, lawyers, and bankruptcy trustees, lack the “10-year investor mindset.” When Bitcoin’s price surged, these short-term holders saw an opportunity to liquidate, which has created space for new investors with a more long-term outlook. “I think we’re going through a rotation right now,” Saylor said. “Non-economically interested parties are rotating out, while new investors are coming in.” In a market where volatility is constant, short-term panic sellers often react to price drops, adding to the challenge. It’s a cycle that can hurt Bitcoin’s long-term price trajectory. Strategy’s Bitcoin Bet Pays Off (Despite the Rollercoaster) For Strategy, it’s been a ride of highs and lows, but they’ve stuck to their plan. With 555,450 BTC valued at around $57.54 billion, the company’s Bitcoin holdings are now 50.27% above their average purchase price of $68,569. This long-term strategy has paid off, even as Bitcoin fluctuates between highs of $109,000 (reached on January 20) and dips as low as $76,273 (by April 9). Despite the dip, Bitcoin has shown signs of recovery, hitting $100,000 on May 8. Saylor, ever the optimist, sees the current market conditions as a great opportunity for those willing to weather the volatility. And he’s right: Bitcoin’s price may bounce around, but Strategy’s continued commitment to holding shows their confidence in its long-term value. U.S. Government’s Surprising Embrace of Bitcoin Perhaps one of the most surprising developments has been the U.S. government’s growing embrace of Bitcoin. Despite a historically cautious stance, the U.S. government has taken significant steps to support Bitcoin, including the creation of the Strategic Bitcoin Reserve, signed into law by President Trump on March 7. Saylor, who has long been bullish on Bitcoin, admitted he was surprised at how quickly the U.S. government embraced Bitcoin after Trump’s inauguration “I was surprised the U.S. embraced Bitcoin as radically as it has,” he said. The Road Ahead: Will Bitcoin Hit $1 Million? Looking ahead, Saylor remains confident about Bitcoin’s future. He has made bold predictions before, and he stands by them. Saylor believes Bitcoin could hit $1 million within the next five years, driven by growing institutional interest, clearer regulations, and a shift in investor mindset. Of course, this future depends largely on how the market responds to Bitcoin’s inherent volatility. We’ll keep you tuned in.
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