👀 $84 Billion Buying Pressure on BTC

GM, another make it or break it moment is here.

BTC still looks rock‑solid, yet the May stats we flagged in our last newsletter warn that it could slide into a classic spring bull trap.

BTC is still looking tremendously strong, but according to the May statistics we mentioned in the previous newsletter, it’s still in danger of falling into a spring bull trap.

Ideally, Bitcoin rips higher—and fast. If we start to see breakdowns towards and below $92k, this path outlined by Luke will suddenly begin to look much more likely.

For now, I’m keeping a bullish outlook for May, especially if BTC holds these levels into next week.

In the background, nothing much has changed since yesterday. Trump keeps shouting at President Trump once again says the Fed should lower interest rates, U.S. unemployment rate came out unchanged at 4.2%, Tether CEO is shilling blockchains saying “every single asset” will be onchain in 10 years, and China says it will further evaluate trade talks with the United States.

Oh, and Saylor wants to scrape together a casual $84 billion to lock up even more BTC. Just another day in crypto.

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The important bits.

• OpenServ announces Blender MCPs integration for 3D world building

• Shadow Exchange reached around $1.5m rewards in just one epoch

• HyperUnit announces spot BTC leverage with Ethena

• Vana announces the first decentralized user-owned LLM with WIRED

• Peapods Finance launches volatility vaults for NPC

• Aztek, Ethereum L2. announces live testnet, check here

• Hyperliquid will support builder-deployed perps (HIP-3)

• Gelato announces Hyperliquid support

Even more important bits.

• Rushi Manche has been suspended from Movement Labs

• Bessent says signs in 2-year yields show that Fed must cut rates

• $7.13 trillion asset manager Charles Schwab to launch spot crypto trading

• Playtron announced it will launch a Sui-native stablecoin called 'Game Dollar.'

Charts and stats of the day.

• Hyperliquid did $187.5b in perps trading volume in April

• Crude oil is rapidly dumping

• Bitcoin spot ETFs are seeing large inflows

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RETARDIO/SOL Raydium 1D Log Chart

The Retardio reversal looks very much like it is a done deal. We just got the TK-cross, and now we need a high timeframe close in that cloud to trigger the trade. It’s about a 3x up to the top of the cloud and the purple box target. The 200-day MA is up around 0.68, too (not pictured).

PumpSwap daily volume hit an all-time high on Wednesday and then again yesterday, so it looks like a trenches revival could be underway. Weekends are usually the busiest time. We have a little Blocmates Dune dashboard in the works here—it's a work in progress, so some data may not be perfect.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Solana smart-money movements are still dominated by classical names like Fartcoin, Popcat or Griffain. Will this trend hold? That is the question.

Ethereum smart-money movements are still on the weaker side, volume-wise. I like the PEAS interest here, this DeFi project is here to stay.

• DeFi App (Perpetuals, Hyperliquid)

• MegaNacci (MegaETH NFT) - Announces stealth mint

To save you doom scrolling.

Inject this straight to my veins.

According to the trends, it seems ev

ryone is praying to buy lower. Would be shame if…

stay safe homies,

Hix0n 🫡