
After more than a decade of dormancy, two Bitcoin wallets linked to the Silk Road marketplace moved a combined total of approximately 3,421 BTC, valued at around $324 million, on May 5. One wallet transferred 2,343 BTC worth $222 million after 10.5 years of inactivity, while the other moved 1,079 BTC. Concurrently, BlackRock has been actively purchasing Bitcoin, buying for 16 consecutive days, including a recent acquisition of 47,064 BTC valued at $4.44 billion when Bitcoin was near $95,000. Bitcoin's price reclaimed the $100,000 mark, prompting a wave of short position liquidations totaling nearly $500 million in the past 24 hours, with $218 million in Bitcoin shorts and $149 million in Ethereum shorts liquidated. A notable whale opened a $70 million Bitcoin short at $95,000 but closed the position at a loss exceeding $1.6 million following the price surge. Ethereum also saw increased institutional accumulation, particularly by Abraxas Capital Management, which withdrew over 124,000 ETH valued at approximately $227 million from Binance and Kraken exchanges over several days. Ethereum's price returned to $2,000, and an Ethereum whale holds a $17 million long position. Additionally, the meme token PEPE reclaimed a market capitalization above $4 billion, with a whale holding 2 trillion PEPE tokens valued at $17.42 million. Overall, the market activity reflects significant institutional buying and short liquidation amid rising cryptocurrency prices.






































💥BREAKING: $BTC SHORT LIQUIDATIONS APPROACHING $500,000,000 IN THE PAST 24 HOURS. LETS LIQUIDATE ALL THE BEARS! https://t.co/rEt5rblSuC
$498M in shorts have been liquidated in the last 24 hours alone. Thereof $218M in BTC shorts and $149M in ETH shorts. Data: @coinglass_com https://t.co/tnigs0cWrs
JUST IN: $PEPE Reclaims A 4B+ Market Cap. https://t.co/WKb0kM0qga