BTC breaks through the $104500 mark

According to BlockBeats, on May 17th, according to Lookonchain monitoring, as the stock market drove the general decline of altcoins, the address that previously invested $2.95 million to open 25 times ETH short positions and 10 times leveraged PEPE, WIF, and OP short positions on HyperLiquid has gained $2.4 million in less than 4 hours. It is worth noting that before this high magnification short selling operation, the address had been dormant for 4 years.

According to Foresight News, Glassnode tweeted that despite a significant increase in BTC prices, the funding rate for perpetual futures remains at a neutral level of approximately 0.007% (annualized 7.6%) - indicating that long positions are still relatively moderate. The derivatives market seems to be catching up with the spot market, and the limited leverage suggests that this is a healthy and sustainable trend.

According to CryptoSlate, Paraguayan police recently successfully prevented a theft case at a cryptocurrency mine in the town of Coronel Borgado, arresting four Chinese suspects. Three of them have been deported for illegal entry, and one person has been detained after being hospitalized due to serious injuries. The suspect claims to be a programmer hired by the mine, but their employment status is still under review due to a lack of legal documentation.

OKX-BTC/USDT is currently trading at $103057.90, with a 24-hour decline of 0.55%. Please be aware of the market fluctuations.

AVAX will unlock 1.76 million tokens today, worth approximately $40.15 million, accounting for 0.245% of the total supply. The current circulation is 500 million pieces, with a total of 720 million pieces.