Short liquidations and rising open interest may be signs of the bulls’ plan to push the Bitcoin price closer to $90,000. Bitcoin (BTC) may have a clear path to $90,000 after $7.9 billion in short liquidations in February put pressure on the bears. Data show liquidations came in three waves that extended from February through April. The liquidations highlight a growing imbalance as BTC traders continue to build short positions above $80,000, while the price holds firm, creating repeat conditions for future short squeezes. Bitcoin researcher Axel Adler Jr. tracked over $7.9 billion in forced short liquidations since early February. The largest spike hit $737 million on Feb. 13, followed by multiple waves through March and April. The liquidation volumes ranged from $2–28 million per day before jumping back to $175 million on May 4. That spike came during a quiet week, pointing to renewed short exposure near $80,000. The pattern shows consistent reloading of bearish positions at higher levels. Read more
Days before an Indiana primary, the Defend American Jobs PAC reported spending about $514,000 on media in support of a Republican House member running for reelection in the state‘s 4th Congressional District. Defend American Jobs, the cryptocurrency-backed political action committee (PAC) affiliated with Fairshake, reported spending more than $500,000 on media to support a Republican incumbent representative in Indiana. According to a Saturday filing with the US Federal Election Commission (FEC), the Defend American Jobs PAC spent about $514,000 on media in support of James Baird, a Republican House member running for reelection in Indiana's 4th Congressional District. The spending was the latest in Fairshake’s spending on the 2026 US elections ahead of today's Indiana primary elections. Source: FEC Read more
Regional lenders gain access to infrastructure for stablecoins, tokenized deposits and crypto-backed lending without building systems in-house, signaling wider bank adoption. The Tennessee Bankers Association (TBA), a trade group representing the state’s commercial banks, has selected Stablecore as a preferred technology provider for digital asset services, highlighting growing interest among regional lenders in crypto infrastructure. In a Tuesday announcement, the TBA said Stablecore will provide infrastructure that enables community and regional banks to offer products such as stablecoins, tokenized deposits and digital asset-backed lending through their existing systems. The endorsement gives Stablecore exposure to the association’s roughly 175 member institutions, potentially accelerating adoption among smaller banks that lack in-house digital asset capabilities. Read more