Odaily Planet Daily News Greeks.live released an English community briefing, which pointed out that market participants are divided on whether Bitcoin will hit a new high soon. Many expect it to hit a new high in May or June, but some predict that it will encounter resistance before hitting a new high. Traders seem to be increasingly cautious as they notice that the market seems overextended and pay special attention to the $105,000 level as a potential reversal area.

Odaily Planet Daily News Recent data shows that the correlation between Bitcoin (BTC) and U.S. stocks is weakening, which may enhance its appeal as a safe-haven asset and portfolio diversification tool, making the market feel that Bitcoin is more like a "diversified asset" rather than a safe-haven asset. Analysis points out that although Bitcoin is still affected by macroeconomic factors, its linkage with traditional risky assets has declined. In addition, institutional investors' interest in Bitcoin continues to grow, and some companies have included it in their balance sheets. Experts believe that as market confidence in U.S. dollar assets fluctuates, Bitcoin may play a greater role in investment portfolios. (Cointelegraph)

According to BlockBeats, Coindesk analyst Oliver Knight has highlighted similarities in Bitcoin's current price movement with on-chain indicators from 2021, suggesting a potential 'double top' structure. Knight emphasized the importance of monitoring the weekly RSI, which has shown bearish divergence in March 2024, December 2024, and May 2025. The RSI, a technical indicator, assesses average gains and losses over a period to identify overbought or oversold conditions. Bearish divergence occurs when the RSI trend moves downward while the price trend moves upward. Additionally, the trading volume during the recent breakout is lower than when Bitcoin initially surpassed $100,000, indicating weakening momentum. Both cryptocurrency and institutional trading platforms have seen a decline in volume, with CME Bitcoin futures failing to exceed 35,000 contracts in three of the past four weeks. In contrast, during the previous $100,000 breakout, volumes frequently surpassed 65,000 contracts, with three instances exceeding 85,000. Furthermore, open interest has diverged from price trends, currently down 13% from January's initial rise to $109,000, while the price has only decreased by 5.8%. Four years ago, when Bitcoin reached $69,000, despite a 6.6% price increase, open interest fell by 15.6% from the initial peak of 65,000 contracts. Knight concluded that these indicators suggest that although Bitcoin's price may reach new highs similar to 2021, the momentum behind this movement is diminishing.

Recommended readings tonight: 1. Bitcoin and cryptocurrency are taking over Wall Street; 2. Eight narrative directions and related projects worth paying attention to; 3. Intelligent agents in the market;

Odaily Planet Daily News According to official news, LBank will launch Privasea AI (PRAI) at 20:00 (SGT) on May 14, and open the PRAI/USDT trading pair. The deposit service will be opened at 20:00 on May 14, and the withdrawal service will be opened at 20:00 on May 15.

뱅크 오브 아메리카의 보고서에 따르면 투자자들은 미국 달러에 대해 기록적인 비관론을 보이고 있습니다. 지정학적 변화가 투자 심리에 영향을 미칩니다. source: https://ko.spaziocrypto.com/pintekeu/bofae-ddareumyeon-dalreoe-daehan-yeogsajeog-bigwanron/

Fundstrat’s Tom Lee sees a lot of opportunity in the stock market this year. In a new interview with CNBC, Lee argues that US businesses have demonstrated resiliency in the face of the pandemic, rate hikes and now tariffs. source: https://dailyhodl.com/2025/05/14/many-market-opportunities-to-come-as-tariff-debacle-concludes-according-to-fundstrats-tom-lee-heres-his-outlook/

FalconX and Standard Chartered will partner, starting with expanded banking services for institutional clients. source: https://www.cryptopolitan.com/falconx-partners-with-standard-chartered/

Investors show record pessimism towards the US dollar, according to a Bank of America report. Geopolitical changes influence sentiment. source: https://en.spaziocrypto.com/fintech/historical-pessimism-about-the-dollar-according-to-bofa/

Odaily Planet Daily News: Recently, multiple on-chain indicators show that Bitcoin (BTC) may be forming a "double top" pattern similar to that of 2021. The current price is close to the high of about $109,000 set in January, but the weekly RSI has shown a bearish divergence, and trading volume has continued to decline on crypto and institutional platforms. In 2021, Bitcoin quickly fell after reaching a high of about $65,000 in April, and then hit a new high again in November, eventually entering a year-long bear market. Analysts pointed out that although the current market environment is different, the technical indicators are similar to those of that year, and investors should pay attention to potential risks. (CoinDesk)

TL;DR A company registered in Colorado, Xinbi Guarantee, has been linked to a Chinese black-market platform that has moved at least $8. 4 billion in crypto, mainly in USDT. The Telegram-based operation offers money laundering services and technology for scammers in Southeast Asia. Despite the accusations, blockchain technology made it possible to track the transactions, showing. . . source: https://crypto-economy.com/shocking-report-u-s-firm-linked-to-chinese-pig-butchering-crypto-marketplace/

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