Coinbase

According to ChainCatcher, on-chain analyst Darkfost stated that the current loss supply of Bitcoin long-term holders (LTH) has reached 5.7 million coins, comparable to bear market peaks of 5.96 million in 2015, 5.8 million in 2019, and 6.8 million in 2022. Despite this, the current BTC price is down about 52% from its historical high, which is much less than previous bear market declines. This indicates that losses are mainly concentrated among younger LTH groups, possibly resulting from large-scale trading in the $80,000–$125,000 range.

Golden Ten Data reported on May 20 that Bank of America is no longer overly bearish on the yen and believes three catalysts could prompt a complete shift to bullishness, even as the yen is falling back toward the 160 level. The bank has upgraded its yen outlook from neutral, citing improved structural capital flows, while other major currencies are facing vulnerabilities. Strategist Shusuke Yamada lowered his dollar/yen forecast for the end of 2026 from 157 to 152. Yamada stated that a shift to bullishness would require a policy change or deteriorating market conditions, including dollar/yen reaching 160, the 10-year Japanese government bond yield approaching 3%, or Brent crude oil falling below $90. Although the yen has faced suspected intervention near 160 several times this year, it has still weakened to this level. According to sources, intervention began on April 30, and Bank of Japan account analysis shows total intervention may have reached 10 trillion yen (about $63 billion). Yamada noted that since 2024, the yen has continued to weaken, expanding its decoupling from interest rate differentials. However, "improvements in yen capital flows, narrowing bank lending-deposit spreads, and rising real interest rates" could mean that, if fiscal concerns peak, domestic yields may begin to support the yen. He also pointed out that Japanese equities have outperformed those in the US and Europe, which may help attract capital inflows and improve yen fundamentals.

Odaily reported, according to Lookonchain monitoring, two addresses simultaneously opened 10x long positions on PEPE, with a total position of 924.7 million kPEPE, valued at 3.37 million US dollars.