🌝 Bitcoin Price Action For May? Let's Map It Out:

PLUS all the AI news and updates you need!

April 30, 2025

GM, let’s prepare for monthly close shenanigans.

BTC is currently in a precarious position, trying to decide whether to send above $95k or snap back to $91k. Luke’s statistical outlook yesterday tells us that weakness into the beginning of a new month is likely.

Now, the question is, if the dip comes, will BTC hold $91k? If yes, May might develop into a green month after all. BUT the follow-up puzzle remains: what tends to happen after May? History’s odds favor May springing a nasty bull trap. Key word: “bull” trap. Meaning it’s actually a bullish month first.

This doesn’t mean crypto markets should straight up die after May, but in my opinion, a prolonged chop between $80-95k would fit into the usual summer price action script.

Moreover, if BTC successfully holds above the low of $76k all the way into the end of the summer, it will provide a much better ramp for BTC to continue above ATHs without overheating too early.

For the short term, keep a good watch on these levels. The monthly close is near; the first direction should be decided very soon.

For what it’s worth, Tether just printed a nice chunky billion of USDT onchain. Perhaps a hint?

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Virtuals Hackathon - Results Are In

Solacelaunch (no token as yet) have won the Virtuals Hackathon that ran from early 9 March to 21 April. With over $100k in prizes, the competition has kept mindshare high for both AI and $GAME (their dev framework, used extensively by the entrants). Both have been doing very well in the recent AI meta revival, with $GAME up 5x from the bottom. The Virtuals Solana chart has been pushing on the highest daily close, putting it close to price discovery here.

I’ve run through the winners, and the only near-term token launch I’ve located is Burnie AI, due to launch around 9 May. I’ll keep you posted when I find more.

BasisOS - DeFAI Yield Automation for Exotic Assets

BasisOS ($BIOS) by Logarithm Labs is another Virtuals launch that has been doing extremely well. It’s a DeFAI project focusing on automated yield farming in exotic markets. It accomplishes this through basic trading strategies. Similar to Ethena, but yield farming is managed by dedicated AI agents.

The chart has just kept on grinding upwards. ‘Extremely well’ in today’s market means $6.8m market cap. This project would have been maybe 10x higher by now in November and December’s AI bull market. There’s potential for price to keep running as the space continues to win back some mindshare.

To save you doom scrolling.

The Orange Man. Not the hero we need, but the hero we deserve.

Continuing our “and finally” PURR debate. I’m currently in a hands-off mode using my assets on Berachain, stacking Infrared points, taking 80% of my yield off the chain daily, and depositing it into Hyperliuqid through HyperUnit to buy more PURR.

If you want, you can also take it a step further and provide liquidity with your PURR on HyperSwap to score even more points and activity.

I believe HyperUnit will be one of the best protocol airdrops of the HyperEVM ecosystem.

stay safe homies,

Hix0n 🫡

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