Metaplanet, popular as Japan’s MicroStrategy, announced its decision to issue its 13th Series of Ordinary Bonds, and raise a total of $25 million for fresh Bitcoin purchases. Through its EVO FUND, the company has been periodically issuing bonds by drawing a leaf from Michael Saylor’s Bitcoin playbook. The announcement led to a quick 12% surge in the stock price during today’s trading session, moving closer to 500 JPY.
Metaplanet Prepares for Massive Bitcoin Purchases
Via its ordinary bonds, Japanese firm Metaplanet announced raising $25 million at 0% earmarked for the acquisition of Bitcoin. Redemption of the bonds will be funded through proceeds generated from the exercise of the 15th to 17th Series of Stock Acquisition Rights, reported the firm.
Furthermore, company CEO Simon Gerovich announced the company’s latest Bitcoin acquisition, revealing the purchase of 555 BTC for approximately $53.4 million at an average price of $96,134 per coin.
This addition brings the firm’s total Bitcoin holdings to 5,555 BTC, acquired at a cumulative cost of around $481.5 million, averaging $86,672 per Bitcoin. Since the beginning of 2025, Metaplanet has been on an aggressive BTC acquisition spree, moving fast and close to its target of having 10,000 BTC in treasury by the end of 2026.
Additionally, the firm is quick in its overseas expansion, opening a Miami office last week. Today’s announcement of Bitcoin purchases has led to a 12% surge in the Metaplanet stock price, which is already up by 33% since the beginning of 2025.
Despite lingering market uncertainty fueled by Donald Trump’s escalating trade war, the cryptocurrency market showed signs of recovery this week.
On-chain data reveals that crypto whales took advantage of the volatility to accumulate select altcoins, signaling growing confidence in specific digital assets.
Dogecoin (DOGE)
Leading meme coin Dogecoin (DOGE) has received significant attention from crypto whales this week. This is reflected by the spike in the number of coins purchased over the past seven days by DOGE whale addresses that hold between 100 million and 1 billion coins.
According to data from Santiment, these DOGE holders have accumulated 1.41 billion coins worth over $220 million during the review period. As of press time, their total holdings have surged to 25.68 billion DOGE, marking the highest level since December last year.
When an asset’s large holders increase their accumulation like this, it suggests increased confidence or anticipation of future price gains. If this continues, DOGE could break above the resistance at $0.17 in the near term and climb toward $0.23.
Worldcoin (WLD)
WLD is another altcoin that has caught whales’ attention this week. The Sam Altman-linked token currently trades at $0.74, shedding 1% of its value over the past week.
During that period, whales holding between 100,000 and 1,000,000 WLD have accumulated 2.63 million tokens valued above $1.94 million.
If whale accumulation persists, it could make WLD buck the broader market downtrend to record gains.
Ondo (ONDO)
Thereal-world asset-based (RWA) token ONDO is also on this week’s crypto whales’ list. According to Santiment, in the past seven days, whales holding between 1 million and 10 million ONDO have purchased 19.41 million, valued at approximately $17 million.
This cohort of ONDO investors currently holds 702.37 million coins.
Should this prompt a market-wide ONDO accumulation phase, it could signal the resurgence of interest in RWA-based assets and drive further price momentum in the coming weeks.
Bitcoin price surges above $104K as April CPI cools to 2.3%, boosting Fed rate-cut bets and fueling bullish market sentiment.
Bitcoin Rises Above $104K as Inflation Cools
Bitcoin moved sharply higher on Monday after the release of April’s US Consumer Price Index (CPI). According to TradingEconomics data, US Consumer Price Index (CPI) increased to 320.80 points in April from 319.8 points in March of 2025.
The annual inflation rate in the US eased to 2.3% in April 2025, the lowest since February 2021, from 2.4% in March and below forecasts of 2.4%.
US CPI Data, May 13, 2025 | Source: TradingEconomics/US Bureau of Labor Statistics
Notably, annual inflation, which showed a year-over-year increase of just 2.1% attracted investors attention, as it reflected lowest increase in inflation recorded since 2021. This reinforces market expectations for a Federal Reserve policy rate cut during the next FOMC meeting.
Within two hours of the data release, BTC rose 2.9 % to $104,771 at press time, after plunging as low as $101,868 on Monday.
Bitcoin price action (BTCUSD) | Source: Coingecko
The move was accompanied by a 35% increase in Bitcoin spot volumes on Binance’s BTC/USDT pair.
TradFi market response was also visible as shares of Coinbase Global (COIN) gained 5.3% in pre-market trading to $215, reflecting positive sentiment building up around cryptocurrency-related stocks. S&P 500 futures also advanced 1.1% to 5,300, reflecting a synchronised recovery across global risk asset markets.
$68.6 billion BTC open interest re-inforces bullish dominances
BTC’s price action was supported by a decisive shift in derivatives markets, reflecting increasing bullish conviction from traders.
Open interest in Bitcoin futures rose by 2.38% to $68.57 billion. Options open interest increased by 2.50% to $39.89 billion. On Binance, the top trader long/short ratio reached 1.595. The broader market ratio stood at 0.9724, reflecting a clear directional tilt to the upside.
Liquidations trends recorded over the last 24 hours also confirm this bullish shift in short-term momentum. Since the CPI release, $84.61 million in leveraged positions were cleared.
Short positions accounted for $28.27 million of that total, with 81% of short liquidations occurring in the first hour. The CPI data caught a large portion of the market unhedged.
On the flip side, futures trading volume declined by 13.71% to $104.67 billion. Options volume also decreased by 9.64%.
This indicates that while bullish positions have been established, short-term traders are now cautiously watching for further macro confirmation before increasing leverage exposure further.
Looking Ahead: BTC Eyes $110,000 as Rate Cut Bets Firm Up
The combination of easing inflation, rising open interest, and strong spot demand points to a continued advance for Bitcoin.
Attention will now turn to upcoming comments from Federal Reserve Chair Jerome Powell and the release of FOMC minutes. Clarity on the central bank’s stance will be critical to validating the market’s current rate cut expectations.
For now, Bitcoin is benefiting from macro relief, rising trading volumes, and increasing capital inflows all currently align positively for BTC sustain its upward momentum towards new all time highs around $110,000.
Bitcoin Technical Price Analysis: Bulls Eye $110K as RSI Holds Firm and Volume Delta Rebounds
In today’s Bitcoin price forecast, the confluence of expanding Bollinger Bands, positive volume delta, and elevated RSI supports a bullish outlook toward the $110,000 mark.
As seen in the TradingView chart below, Bitcoin is trading at $104,560 after surging nearly 18% over the past 12-hour session, signalling revived bullish momentum following a consolidation phase.
More so, BTC price has cleanly broken above the mid-$100K range, with sustained closes above both the Bollinger Basis Band ($100,182) and the upper Envelope Band ($100,614), suggesting strong directional conviction.
Bitcoin Technical Price Analysis
The Bollinger Band width is expanding, often a precursor to volatile upside movement, as candles hover near the upper band at $108,439, reinforcing bullish continuation potential.
Momentum strength is further confirmed by the RSI holding at 72.52, marginally above the 70 threshold that typically delineates overbought conditions.
However, the RSI’s sustained elevation without divergence hints at trend strength rather than exhaustion, especially as the RSI line maintains a gradual upward slope above its signal.
Notably, the recent positive Volume Delta spike to +1.27K marks the highest buyer dominance since early May, underscoring renewed spot demand.
Downside risks remain capped so long as BTC holds above the psychological $100,000 support, which aligns with both mid-band support and historical resistance now turned support. A clean break below $100,000 with weakening volume could re-open bids toward $92,850.
