#bitcoin

#bitcoin

On this Pizza Day, they are worth $777.87 million - down $328 million from last year's anniversary price. Bitcoin Pizza Day, observed each May 22, marks the first commercial transaction using Bitcoin - the moment a digital currency stopped being a theoretical experiment and became a medium of exchange for real goods.

A Trump Media-linked wallet sent 2,650 BTC worth $204.93M to Crypto.com on May 22. Following the transfer, the address still holds an estimated 6,889 BTC, worth approximately $532.78 million at current prices, per Arkham. The purpose of the transaction has not been officially confirmed, and it remains unclear whether the move represents a partial sale, a custody restructuring, or a liquidity arrangement with Crypto.com.

Open interest is the measure of the total value of all active, unsettled futures positions across all exchanges. Since the metric's inception, it has served as one of the clearest, real-time gauges of new capital entering a market. BTC open interest across all exchanges, per Whaleportal. As per data, bitcoin's continuous bid to breach and settle above $80,000 earlier this month produced the single largest open interest surge recorded anywhere in 2026.

Bitcoin briefly dipped to $78,611 after the deadlocked U.S.-China summit rattled investors. The flash crash triggered a market-wide liquidation, wiping out $382 million in long positions. Observers expect bitcoin to remain volatile as the tech war over AI chips continues. Bitcoin plunged below the $79,000 mark for the second time in two days as investor sentiment shifted from optimism to caution after a highly anticipated U.S.-China summit failed to deliver the outcomes markets had hoped for.

Pal’s $450,000 per BTC target depends on central banks injecting liquidity by end of 2026. The thesis links debt monetization mechanics to future liquidity expansion, and then links liquidity expansion to bitcoin performance through the stated 90% correlation with global M2. The expected upside is therefore tied to whether the liquidity impulse materializes as central banks respond to maturing short-term bills.