ChainCatcher message, CryptoQuant posted on social media that Ethereum may have bottomed compared to Bitcoin. The ETH/BTC ratio has surged 38% from a five-year low. Demand is rising, selling pressure is decreasing, and ETFs are accumulating. This could signal the beginning of altcoin season.

ChainCatcher news, the first season analyst competition initiated by the Web3 asset data platform RootData has entered the mid-stage. Several market analysis reports submitted by participants have been included on the platform. The total prize pool for the competition is 3000 USDT, and the submission deadline is May 23 at 14:00 UTC. Participants need to quote the official tweet and add the tag #RootDataAnalyst to publish original analysis content.Winners will not only share the prize money but also have their works showcased in the RootData media center. The event encourages practitioners to interpret market trends through data analysis and uncover the on-chain and project dynamic value. Users can participate through social platforms, and the final results will be assessed based on content depth and data insights.

ChainCatcher news, according to Jin10, Benchmark senior equity research analyst Palmer stated in a research report that Coinbase disclosed a significant cybersecurity breach on Thursday and confirmed that the U.S. Securities and Exchange Commission (SEC) is investigating its past user metrics. This contrasts sharply with the news earlier this week that the company would be joining the S&P 500 index.Palmer believes that this cyber attack is more of a one-time event, and the SEC's investigation "is just noise and is unlikely to have any substantial impact on the bullish thesis for the company's stock."

ChainCatcher news, according to Cointelegraph, crypto analyst Apsk32 stated that Bitcoin following gold to reach new highs is a popular theory among bullish investors. Historically, Bitcoin tends to follow gold's rise a few months after gold increases. With gold prices hitting a historic high of $3500 per ounce, the future price trajectory of Bitcoin also looks more promising.Apsk32 mentioned the concept of the "momentum curve," which measures Bitcoin's price in ounces of gold to avoid the impact of dollar inflation. If Bitcoin's network value (measured in gold) continues to evolve along the momentum curve, and gold maintains its current price, while Bitcoin's price returns to the leading support track of five years, we could see a target of $444,000 this year. However, this week, Apsk32 believes a more "reasonable" target price for 2025 might be around $220,000. He also stated that if Bitcoin's price breaks through $250,000, it would be considered beyond the expected range.

ChainCatcher news, renowned semiconductor analyst Dylan Patel stated that the United States has signed two landmark agreements with the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA), which will significantly alter the balance of power. These agreements have profound implications for the economy, geopolitics, and national security, and will solidify the United States' leadership in the field of artificial intelligence.Dylan Patel believes that these agreements are transformative and will elevate the accessibility of U.S. artificial intelligence infrastructure to a new level while alleviating bottleneck issues such as power supply. All U.S. infrastructure providers will benefit, from GPU manufacturers to AI laboratories to cloud computing, and more.Dylan Patel's views have been shared by David Sacks, the White House's cryptocurrency and artificial intelligence director.

ChainCatcher message, according to on-chain analyst Ali's analysis, the current most important support level for BTC is at $95,440.

ChainCatcher message, crypto analyst ali_charts disclosed that the current key support level for Bitcoin is at $101,600.

ChainCatcher news, CryptoQuant analyst Axel posted on social media that the current market value of short-term holders (STH) of Bitcoin has a Market Value to Realized Value (MVRV) ratio of 1.09.The first wave of significant selling pressure is expected to occur around 1.25 (target price ≈ $118,000), with stronger selling pressure possibly appearing at 1.35 (≈ $128,000). Based on the current average daily growth rate, STH MVRV may reach 1.25 by early June and 1.35 by the end of the month.

ChainCatcher news, according to on-chain analyst Ali (@ali_charts), approximately 1 million Ethereum (ETH) have flowed out of exchanges in the past month.

ChainCatcher news, according to analyst @ali_charts, Bitcoin may experience a brief pullback, with the RSI currently indicating an overbought condition.

ChainCatcher news, according to CoinDesk, analyst Omkar Godbole stated that the Bitcoin weekly MACD histogram has broken above the zero line, indicating a resurgence of bullish momentum.The appearance of this bullish signal coincides with Bitcoin's rebound from the 50-week simple moving average (SMA), mirroring the trends seen in mid-2024 and early 2023—when BTC subsequently experienced significant increases.Analysts noted that over the past five years, the MACD has entered positive territory five times, with only one false signal occurring in March 2022 (circled in the chart), leading bulls to misjudge the market direction.

ChainCatcher message, crypto analyst Ali Martinez disclosed data on the X platform, stating that in the past three weeks, 100,000 BTC have been withdrawn from exchanges.

ChainCatcher news, Coindesk analyst Oliver Knight stated that the current trend of Bitcoin is similar to that of 2021, which may form a "double top" structure. Key on-chain indicators include three bearish divergences in the weekly RSI (RSI is a technical indicator that measures overbought and oversold conditions, with bearish divergence indicating a decline in RSI while prices rise), low trading volume during breakouts, and divergence between futures open interest and price. Knight pointed out that despite the price reaching new highs, the overall upward momentum has significantly weakened.

ChainCatcher news, according to The Block, QCP Capital stated that tariff negotiations and cooling inflation have driven a rebound in market risk appetite, and the rise in digital assets is expected to continue. Coinbase is set to be included in the S&P 500 index, which may serve as a short-term catalyst. Since early April, the market capitalization of altcoins has increased by nearly $100 billion, and the trend of capital inflow is still ongoing.BRN analyst Valentin Fournier pointed out that Bitcoin's dominance has dropped from 65% to 62%, with ETH, SOL, and XRP rising by 58%, 35%, and 23% respectively this month, significantly outperforming BTC. The rotation of altcoins has become the current market focus.

ChainCatcher news, according to Cointelegraph, Strategy analyst Jeff Walton stated in the Financial Times documentary "Michael Saylor's $40 Billion Bitcoin Bet" that with the financial strength provided by Bitcoin, Strategy will eventually become the top publicly traded company by market capitalization. Currently, Strategy holds approximately 568,840 Bitcoins (worth $59 billion), and analysts believe this advantage will allow it to surpass all publicly traded companies in the future.Michael Saylor himself also stated in the documentary that the price of Bitcoin will definitely break one million dollars within 10 years, and achieve a tenfold increase after 20 years.

ChainCatcher news, CryptoQuant analyst Axel Adler Jr posted on X platform that the average cost for BTC miners to mine is currently about $36,800 per coin. The price difference between the current BTC market price and the mining cost per BTC is 182%. This essentially represents the average profit margin. This level corresponds to the beginning of the bull market cycle in November 2022 and the price peak of $100,000 in this cycle. A price increase beyond this level would restore miner profits to the levels seen after the last halving and achieve excess profits comparable to those at the start of the bull market in January 2023.

ChainCatcher news, according to Cointelegraph, the data analysis platform Alphractal pointed out that the momentum of Bitcoin's rise is slowing down, with BTC approaching the resistance level of $106,000 and retesting that range, increasing the risk of profit-taking by whales.Alphractal CEO Joao Wedson stated that, from the charts, Bitcoin is currently approaching the "Alpha price" range, which is a position where long-term holders or whales may choose to take profits.From a liquidation perspective, the risk of a "long squeeze" is also rising. If the price of Bitcoin falls to $100,000, it would trigger the liquidation of large leveraged long positions. This price range may attract the price, leading to another test of this key psychological level.

ChainCatcher news, according to Decrypt, Ethereum (ETH) achieved nearly a 40% increase last week, with the price rising from $1800 to $2500, mainly benefiting from the successful Pectra network upgrade and improvements in the global trade environment.However, market data shows that this round of increase was primarily driven by crypto-native investors, with a net outflow of $55 million from Ethereum spot ETFs last week, in stark contrast to the $600 million net inflow into Bitcoin ETFs.Volatility models indicate that the probability of ETH breaking through $4000 by the end of the year is 20%, an increase from the previous week's 9% probability. Although the Pectra upgrade completed on May 7 improved network performance, analysts believe that without sustained institutional funding support and a clear regulatory framework, the upward trend may face adjustment pressure.

According to ChainCatcher's message, on-chain analyst Yu Jin has monitored that whales using 5x leverage to short BTC/ETH/SOL have been continuously increasing their short positions. Since the market rise on May 9, he has used up to 40.5 million USDC as margin to short BTC/ETH/SOL on Hyperliquid with 5x leverage, with a position value of up to 160 million dollars.

ChainCatcher message, Ballinger Group forex analyst Kyle Chapman said in a report that the market needs to believe that trade optimism will last in the long term for the dollar to return to the levels seen before the announcement of reciprocal tariffs on April 2.