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While scanning BitgetOnchain for promising plays, I stumbled on LABUBU a $SOL -based meme coin inspired by Pop Mart’s iconic monster character. At first, it was the name that grabbed my attention, but what really sold me was the momentum behind it, strong backing from KOLs, celebrity shoutouts, and a fast-growing community of holders. Some were even labeling it the next potential 100x. I made an early move, caught the momentum, and locked in a solid 52% gain before the trend cooled off. I’ve since taken profit, but I still see upside in LABUBU.

Vitalik Buterin: Ethereum needs to be resilient and private Vitalik Buterin wrote on the X platform: “Nordic countries are abandoning cashless society initiatives because their centralized implementation of the idea is too fragile. Cash has proven to be necessary as a backup. Ethereum needs to be resilient and private enough to reliably play this role.”

📊 Bitcoin Short Positions Increase as Market Sentiment Shifts to Fear Bitcoin recently broke above the $111,000 mark, setting a new all-time high. However, data across major exchanges suggests that traders are growing increasingly wary of a sustained rally. Bitcoin positions are currently short, meaning a majority of traders are betting on a price drop. By contrast, just 47.43% of active positions are long. 🔸 Most Traders Turn Bearish Despite Bitcoin’s Recent All-Time High The pattern is mirrored on Binance, where short trades make up 54.05% of open interest, compared to 45.95% for longs. This growing tilt toward shorts reflects mounting skepticism in the market, despite Bitcoin reaching new highs. The sentiment shift is reinforced by the latest move from prominent crypto whale James Wynn, who reversed his bullish stance after a multi-million dollar loss. Wynn had previously maintained an aggressively leveraged 40x long position worth around $1.25 billion but exited after Bitcoin’s price dipped from $109,000 to roughly $107,107. The trader closed his long exposure at a loss of $13.39 million, with liquidation unfolding in under an hour on May 25. He has since opened a short position of 3,523 BTC—valued at approximately $377 million—at an entry price of $107,128. The new trade carries a liquidation threshold near $118,380. Market analysts have suggested that Wynn’s pivot reflects broader signs of exhaustion in the current bull cycle. According to blockchain analytics firm Alhpractal, short-term holders (STHs) have begun distributing coins. Historically, a decline in STH supply often signals that Bitcoin is approaching a local top. The firm noted that the Short-Term Holder Realized Price currently stands at $94,500, which is the last strong support before losses set in. In contrast, long-term holders (LTHs) remain firm, with their realized price climbing to $33,000—highlighting a widening behavioral gap. #BTC #Bitcoin

Shiba Inu $SHIB could be gearing up for a massive breakout, with technical analysts eyeing a potential 293% surge if it clears the crucial $0.00003000 resistance level. The meme coin is currently trading around $0.00001553, but growing momentum and on-chain data suggest a bullish reversal may be near. SHIB Targets $0.00008845: Can It Really 3X? Analysts like Shib Spain on X have mapped out a bullish chart pattern indicating a possible jump to $0.00008845 nearly 3x from current levels. The key lies in SHIB’s ability to break past $0.00003000, a major resistance that historically triggered selling pressure. If SHIB manages to close a weekly candle above that level, it could spark FOMO and attract swing traders looking for explosive gains. Rising trading volume and tightening trend lines are further fueling the breakout narrative. SHIB Burns Heat Up: Over 23M Tokens Gone in 24 Hours In a bullish twist, Shibburn reported over 23.7 million SHIB burned in just the past 24 hours—a 74.86% surge in daily burn volume. Although the total circulating supply remains massive at over 589 trillion, this uptick in burns reflects growing community support and long-term optimism. Meanwhile, SHIB's market cap rose to $9.15 billion, posting a 1.14% gain on the day and signaling revived investor interest in meme-based assets. Technicals Flash Green: MACD and RSI Fuel Breakout Buzz SHIB’s weekly MACD just crossed bullish for the first time since its 2023 rally, with the histogram now positive a classic signal that bulls are gaining control. The RSI stands at 58 and climbing. If it crosses 65, traders believe a sustained rally could follow. Moving averages are also aligning bullishly. A potential golden cross between the 50-week and 200-week MAs could be the next catalyst. Volume spikes during green candle weeks show aggressive accumulation at support levels. Path to $0.0001: What SHIB Needs to Deliver To reach the coveted $0.0001 milestone, SHIB must confirm a breakout above $0.00003000 with strong volume and follow-through. Whale activity, continued token burns, and broader crypto market momentum will also play key roles. As meme coin mania starts to build again, Shiba Inu could be on the verge of its next major move. If the technicals hold and social buzz returns, a new all-time high may not be far off.

James Wynn’s 40x BTC short position is worth more than $800 million, with a liquidation price of $111,470 According to Hypurrscan data, whale James Wynn’s 40x BTC short position is worth more than $800 million ($826 million), with an opening price of $107,052.2 and a liquidation price of $111,470. The current loss is $1,215,801.