In the past hour, total liquidations across the network reached $22.98 million, with $993,564.65 from long positions, with $21.99 million from short positions. BTC liquidation $9.93 million, ETH liquidation $6.70 million.

According to Odaily Planet Daily, veteran trader Peter Brandt believes Bitcoin could reach $250,000 in 2029, but the market will need a lengthy bottoming process before then, potentially extending to around September or October 2026. Brandt points out that Bitcoin's price action still follows a typical "four-year halving cycle": historically, bull markets typically peak about 16-18 months after a halving, followed by a bear market, before starting a new upward cycle 12-18 months before the next halving. If this structure continues, the high point formed after the April 2024 halving may have already occurred around October 2025, and the next bottom may appear in the fall of 2026. Even if the price doesn't fall below the previous low, it may exhibit a volatile, back-and-forth "bottoming structure," potentially retreating to the $50,000 or even $40,000 range in extreme cases. Peter Brandt also stated that his predictions are entirely based on the market continuing its historical rhythm. If the trend deviates from the cyclical pattern, the model will be readjusted, and the original assumptions will not be rigidly adhered to. Currently, market opinions remain divided. Some analysts believe that Bitcoin's rebound since its February lows has marked the start of a new upward cycle, and its subsequent performance will depend on whether the cyclical structure remains effective. (CoinDesk)

According to Odaily Planet Daily, Coin Bureau co-founder and CEO Nic Puckrin stated in an article on the X platform that Bitcoin has broken through the $80,000 mark, reaching a new high in nearly three months, and has regained several key technical and on-chain indicator ranges, including the middle of the CME gap ($79,000–84,000), the bullish support zone, and has risen above the realized price for short-term holders and the real market average. Puckrin analyzed that if Bitcoin's price can stabilize in the current range, the next levels to watch include the ETF average cost range of approximately $83,000 and the upper edge of the CME gap of approximately $84,500. Overall, Bitcoin's short-term trend has entered a critical verification phase, and the market may be entering a more volatile trading window.

MyToken data monitoring shows that on 【May 4th, 12:23】 (Beijing Time), 【Bybit.DepositAndWithdraw_2】 transferred 【1417.41 BTC】 to an address starting with 【12XZMd】, with a total value of approximately 【113.87 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

According to Coinglass data, if the price of Bitcoin falls below $76,352, the total liquidation intensity of long positions on major exchanges will reach $1.6 billion; if the price of Bitcoin breaks through $83,662, the total liquidation intensity of short positions on major exchanges will reach $856 million.