More than $1 billion in Bitcoin short positions are at risk of liquidation just above the $120,000 mark. Recent data shows a dense cluster of leveraged shorts between $119,500 and $121,000 across major exchanges—if Bitcoin’s price breaks this resistance, it could trigger forced buybacks exceeding $1.1 billion, fueling a rapid price surge. Analysts highlight $120,000 as a critical short squeeze zone, with large liquidation volumes potentially amplifying bullish market momentum should BTC move decisively higher.
Shiba Inu (SHIB) price is rangebound in a tight accumulation zone after breaking out of a downtrend. With a massive spike in exchange outflow, the chances of an explosive SHIB rally are not unlikely. Here are some key levels to watch where investors can accumulate this dog-based meme coin.. SHIB Outflow Suggests Accumulation Data from CryptoQuant suggests total SHIB transactions also increased from 6,200 to 7,510. Yet despite the surge in activity, the token’s price remained unmoved. Shiba Inu total transaction count 1 – week chart Historically, a divergence like this with a spike in transaction count and flat price action points to one of two scenarios – accumulation or distribution. An accompanying chart of SHIB’s exchange netflow underscores a bullish case (accumulation). Shiba Inu posted a negative exchange netflow of 111.8 billion tokens on May 20, suggesting a large-scale transfer of the asset from exchanges into self-custody or cold… Read More at Coingape.com
Arizona’s second Bitcoin reserve bill, SB 1373, has cleared its final reading with Senate approval. The bill now moves to Governor Hobbs, who recently vetoed the first Bitcoin Reserve Bill, SB 1025. This represents a key step in the state’s ongoing efforts to establish a Bitcoin reserve, despite the previous rejection. The final decision now rests with the governor, and the outcome will determine Arizona’s next move in its Bitcoin reserve strategy.
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Arizona’s second Bitcoin reserve bill, SB 1373, has cleared its final reading with Senate approval. The bill now moves to Governor Hobbs, who recently vetoed the first Bitcoin Reserve Bill, SB 1025. This represents a key step in the state’s ongoing efforts to establish a Bitcoin reserve, despite the previous rejection. The final decision now …
According to a new report from Pine Analytics, token deployers on Pump.fun systematically funded sniper wallets to buy their own meme coins. This impacted over 15,000 token launches on the platform.
These sniper wallets operated primarily during US trading hours, executing standardized, profitable strategies. Unrelated bot activity obscures their behavior, making it extremely difficult to isolate these wallets—and they can readily adapt to new countermeasures.
However, Pine Analytics’ new report has uncovered a new controversy, discovering systematic market manipulation on the platform. These snipes include as much as 1.75% of all launch activity on Pump.fun.
“Our analysis reveals that this tactic is not rare or fringe — over the past month alone, more than 15,000 SOL in realized profit was extracted through this method, across 15,000+ launches involving 4,600+ sniper wallets and 10,400+ deployers. These wallets demonstrate unusually high success rates (87% of snipes were profitable), clean exits, and structured operational patterns,” it claimed.
Solana meme coin deployers on Pump.fun follow a consistent pattern. They fund one or more sniper wallets and grant them advance notice of upcoming token launches.
Those wallets purchase tokens in the very first block and then liquidate almost immediately—85% within five minutes and 90% in just one or two swap events.
Pump.fun meme coin developers exploit this tactic to create the appearance of immediate demand for their tokens. Retail investors, unaware of the prior sell‑off, often purchase these tokens after the snipe, giving developers an unfair advantage. This constitutes market manipulation and erodes trust in the platform.
Pine Analytics had to carefully calibrate its methods to identify genuine snipers. Apparently, 50% of meme coin launches on Pump.fun involve sniping, but most of this is probably bots using the “spray and pray” method.
However, by filtering out snipers with no direct links to developer wallets, the firm missed projects that covered their tracks through proxies and burners.
In other words, the meme coin community does not have adequate defenses against systematic abuse on Pump.fun. There are a few possible ways that the platform could flag repeat offenders and sketchy projects, but adaptive countermeasures could defeat them. This problem demands persistent and proactive action.
Unfortunately, it may be difficult to enact such policies. Meme coin sniping is so systematic that Pump.fun could only fight it with real commitment.
Analysts think that building an on-chain culture that rewards transparency over extraction is the best long-term solution. A shift like that would be truly seismic, and the meme coin sector might not survive it.
