Twitter Founder’s Warning to Investors Could Be Why Bitcoin Hits $1M

This week Ethereum has been the market's focus due to its dramatic price movement as well as significant whale activity that is having an impact on the ecosystem. In just the last three days, Abraxas Capital, one of the most active participants at the moment, has taken an incredible 185,309 ETH worth about $399 million out of centralized exchanges. ETH's dramatic price increase from about $1,800 to a peak of $2,600, representing a nearly 44% rally in less than a week, is occurring at the same time as this activity.

Given the size and timing of this withdrawal, it appears that institutional accumulation is a major factor in the current price momentum. Furthermore, this is not an isolated action. Abraxas had taken 138,511 ETH, which was then valued at $297 million, out of exchanges just a few days earlier. That is more than $695 million in Ethereum that was amassed in less than a week. Chart by TradingView">

This behavior strongly suggests long-term conviction, most likely in anticipation of a catalyst that the market hasn't yet priced in or a larger macro trend. Technically speaking, Ethereum has overcome a number of significant resistance levels, such as the 50 and 100-day EMAs, and is currently making an effort to test the 200 EMA at the $2,600 level. The larger setup is still bullish even though the red candle of today points to a brief correction.

Volume spiked during the breakout, and even though the RSI is now above 77, suggesting that the market is a little overbought, the momentum may still push ETH higher after consolidation is complete. For a second leg up, a sound retracement toward $2,400-$2,450 might be necessary.

Abraxas and other investors could reach the psychological $3,000 level if they keep up their aggressive buying while ETH remains above $2,300. Ethereum might be able to retest the $3,300-$3,500 range that was last observed during the 2021 bull market if it manages to break through that barrier. The bottom line is that $3,000 ETH might no longer be a pipe dream thanks to significant inflows, a critical breakout and institutional interest.

In a recent move, 900 BTC, valued at nearly $93.8 million, was transferred from major crypto exchange Binance to an unknown wallet. According to blockchain data tracker Whale Alert, "900 BTC (93,786,226 USD) transferred from Binance to an unknown wallet."

This transaction has attracted attention in the crypto community, prompting speculation on the motivations behind the move.

While the exact reasons for this transfer remain unknown, large transactions of this nature are often indicative of a few possibilities. Withdrawals from exchanges may signify buying, while deposits may signal intent to sell; the move might be accumulation by a whale or large holder.

Large holders of Bitcoin may decide to move their assets off exchanges like Binance for various reasons, such as moving them to cold storage to hold them for a longer period.

Bitcoin price action

Cryptocurrencies rose over the weekend, with Bitcoin holding above $100,000. Bitcoin's price was up 0.66% at $104,258 in the early Sunday session, according to CoinMarketCap data. On Saturday, BTC hit $104,997, its highest level since Jan. 31. Bitcoin is up more than 9% weekly, on track for its fourth positive week in a row and first four-week winning streak since November.

According to CNBC, Geoffrey Kendrick, head of digital assets at Standard Chartered, recently remarked that his $120,000 Bitcoin price target "looks very achievable" and may even be too low.

Last month, Kendrick predicted that Bitcoin might reach an all-time high of roughly $120,000 in the second quarter of 2025 due to a "strategic asset reallocation away from U.S. assets" and "accumulation by whales (major holders)."

In recent news, Coinbase has launched 24/7 trading for Bitcoin and Ethereum futures, the first on a CFTC-regulated exchange.

Worldcoin’s latest hardware, the Orb Mini, aimed at enabling portable human verification, has been met with ridicule across Crypto Twitter.

Launched with the slogan “It goes where you go,” the device has instead triggered dystopian comparisons and widespread mockery for its unsettling implications and unclear use case.

“The thing about humans is they can tell when a human is in front of them,” Alicia Katz from decentralized finance (DeFi) lending platform Euler Finance wrote on X.

“When something is slightly off, they can experience the uncanny valley, an uncomfortable feeling similar to when your date tries to scan your eyeball,” she added.

Another user quipped, “Is this so you can register your friends?” likening the device to a sci-fi prop rather than a serious identity solution.

Solana is gaining momentum once again, with price action pushing above the $175 level for the first time in weeks. The move comes as crypto markets roar back to life, fueled by Bitcoin’s push above $100K and Ethereum’s explosive rally past $2,500. Solana has surged more than 20% in the past week alone, signaling strong demand and a renewed bullish outlook from traders and investors alike.

Top analyst Big Cheds shared a technical analysis revealing that Solana is now making a strong advance into a key spot—the underside of the daily 200 moving average (DMA). The asset is also approaching a lower high around the $180 mark, which previously acted as resistance during the last failed breakout attempt. Cheds notes that reclaiming this zone would be a significant win for bulls, potentially triggering a sharp continuation toward new highs.

Market sentiment is turning optimistic across the board, and Solana’s technical setup reflects that shift. As price approaches the 200DMA, all eyes are on whether SOL can hold this momentum and break through key levels to join the broader market rally. The coming days will be crucial for confirming a full trend reversal.

Solana Approaches Pivotal Level As Bulls Eye Breakout

Solana is showing renewed strength after a clean breakout above the $160 resistance zone, a level that had capped price action for several weeks. The surge has brought SOL into a critical region that could act as a pivot point—either igniting a fresh bullish rally or marking a temporary top before a retrace.

As global tensions between the US and China and broader macroeconomic uncertainties linger, the crypto market remains exposed to sudden sentiment shifts. However, recent price action in Solana, along with Bitcoin and Ethereum, suggests that investors are increasingly optimistic about a continued market recovery.

Solana’s current structure reflects that optimism. The asset is now testing the underside of its daily 200 moving average, a level often viewed by traders as a trend-defining indicator. A successful push above this moving average would add further confidence to the bullish thesis. At the same time, Solana is approaching a lower high near the $180 zone, where the price was previously rejected in March. Cheds points to this convergence as a crucial area: a breakout here could mark the beginning of a larger reversal pattern.

Still, risks remain. A rejection at the $180 level could reinforce resistance and trigger a pullback toward the $160 support, especially if macro conditions worsen or profit-taking sets in. For now, however, bulls appear to be in control, and the technical landscape supports a potential continuation—if momentum holds.

Technical Levels: Price Action Shows Strength

Solana (SOL) is exhibiting strong momentum as it trades at $176.41, advancing toward a crucial resistance area around the $180 level. The daily chart shows that SOL has surged rapidly from April lows, breaking above both the 200-day EMA ($161.67) and approaching the 200-day SMA ($181.10), a key area that could determine the next major trend.

This zone acted as support and resistance multiple times in the past, particularly during Q4 2024 and early 2025. Now, as price returns to this range, it becomes a potential pivot point. If bulls can sustain pressure and close above $181.10 with volume confirmation, it may trigger a continuation toward $200 and possibly retest February highs above $260. However, failure to break above this range could prompt a rejection and consolidation below the 200 SMA.

Volume has picked up significantly over the last few days, indicating rising interest and participation from traders. This is a constructive sign as Solana attempts to reclaim higher ground. For now, the trend remains bullish, but eyes are on the $180–$185 resistance zone to confirm whether SOL has the strength to continue its breakout or faces a short-term pullback.

Featured image from Dall-E, chart from TradingView

Shiba Inu is currently showing signs of bullishness propelled by a surge in large-holder inflows of 643% over the last 30 days. A broader confidence in SHIB's short- to midterm trajectory is demonstrated by this massive capital movement, which indicates renewed interest from whales.

The inflows appear to be dispersed throughout the market rather than being a coordinated pump by a single party. Technically speaking, SHIB is testing resistance levels at $0.0001400 while riding above important moving averages. The more psychologically significant $0.00001600 zone, which corresponds with the 200 EMA, a crucial trend indicator that hasn't been challenged since its corrective downtrend started earlier this year, could be reached with a sustained break above this barrier. Chart by TradingView">

A close above that line might cause sentiment to shift sharply in favor of bullishness and possibly spark a larger breakout. At the moment, the RSI is close to 70, indicating that the market is almost overbought. Notably, such RSI levels are also typical during strong uptrends, particularly when supported by on-chain inflow surges like the ones we are currently seeing even though this typically indicates a potential pullback. At the same time, the net outflows from large holders are also slowing down, having decreased by more than 42% over the past seven days.

This divergence, inflows increasing and outflows decreasing, indicates accumulation as opposed to distribution, supporting the notion that the current move is more than a one-time event. With momentum above $0.000013 and $0.000014 as support, SHIB will be in a strong position to run toward $0.000016 and beyond. Failure to maintain that level, though, could result in a swift decline back to the next significant support at $0.00001275.

In summary, the stars are aligning for a possible explosive move as whales pile in and SHIB pushes against key resistance while technical confirmation builds. However, traders should keep an eye out for volume confirmations and be prepared for abrupt reversals in the event that sentiment changes as volatility always works both ways.

In the last few days Ethereum has experienced a strong recovery rally, rising from below $2,000 to almost $2,700. ETH may be set to continue its ascent toward $3,000 in the near future for three specific reasons even though some of this spike can be ascribed to general market momentum. There has been one of the biggest accumulation spikes in years in addresses with 10,000-100,000 ETH.

These wallets usually belong to high-net-worth individuals, funds and institutions. These organizations tend to position themselves ahead of significant movements rather than chase prices. The magnitude and velocity of this accumulation point to confidence in Ethereum's medium-term course. Significant whale accumulation has historically come before noteworthy rallies, and this time appears to be no exception. Chart by TradingView">

Staking activity has increased since Ethereum's Pectra upgrade, which combined aspects of the Electra and Prague upgrades. More ETH being locked into staking contracts suggests that investors are more confident in the network's long-term sustainability and that there is less supply in circulation, both of which encourage price pressure to rise. Additionally, the increase in staking suggests that holders anticipate higher yield and lower short-term volatility, which supports a bullish outlook.

A significant milestone has been reached in the Ethereum tokenization of real-world assets (RWAs). Just in May, tokenized U.S. Treasury prices on the Ethereum mainnet surged 12%, reaching $5 billion for the first time. This indicates that Ethereum is becoming more widely used by institutions as the backbone of actual finance. Ethereum's growing popularity for physical regulated financial products is evidence of the network's scalability, security and long-term viability.

Technically speaking, on high volume ETH has decisively broken above the 50, 100 and 200 EMA levels. A healthy reset before another leg upward may be provided by the pullback on May 11, and the RSI is still high but not extreme. It is not only possible but also likely that Ethereum will move to $3,000 if it maintains $2,500 as support.