Lei06
Lei06
Crypto Market Participants & Web3 Content Creators. Study on-chain data, track hot narratives, and make transactions that you can understand. I believe that good content requires patience just like good positions.
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Crypto Circle Rides the AI Wave Again: Storage, Open Source Models, and Meme All Gain Momentum
On May 11, while the global market was going crazy over AI, the crypto circle, long lacking new narratives, finally couldn't hold back and began leveraging the AI concept to regain heat.
The storage sector took the lead.
Ancient decentralized storage concept coins FIL and STORJ briefly surged last week. FIL's price quickly rose from around $0.9 to $1.3, then slightly retreated, currently at $1.14.
The community even joked: "Those who bought mining rigs before finally don't need to defend their rights, hard drives have gone crazy in price."
Open source model concepts became the biggest highlight.
Base ecosystem token VVV stood out, backed by Venice AI, a privacy-focused, censorship-free AI platform supporting chat, image generation, code writing, and integrating multiple cutting-edge open source models. After steadily bottoming out this year, VVV accelerated upward, with its price soaring from $1.6 to $16. Additionally, its default model Dolphin token also surged, with its market cap peaking above $170 million.
Projects like ICP and NIL also recorded significant gains due to direct or indirect connections with AI.
The Solana ecosystem focuses on a "light and fast Meme+AI" approach.
Goblin, which surged 137% today, is a typical example. This token combines Meme attributes with the AI Agent concept and includes an on-chain Agent autonomous buyback mechanism. Meanwhile, pure AI Meme token ZEREBRO recently rose from a $7 million market cap low to $50 million.
Notably, top AI projects from two years ago like ACT, FARTCOIN, and GOAT remain relatively quiet, seemingly forgotten by the market.
BlockBeats believes that AI hype in crypto is essentially still a "redemption in a narrative desert," lacking real innovation and effective adoption. The current dazzling scene looks more like a short-term liquidity-driven capital frenzy.
BTC did something very typical today:
UTC open at $82,213, peaked at $82,480 — then without looking back, dropped to $80,614.
$1,866, one surge up, one fall back, UTC closed down -1.94%.
But today's surge and fall is different from before.
This series has been tracking the short ratio; the last report was 58.25%.
Today's latest: 61.81%.
Out of 10 accounts opening positions, 6.2 are shorting BTC.
This is the highest short ratio since this series started tracking.
Plain explanation:
When BTC surged up, some people thought "$82,000 is too expensive, it should fall" — then they shorted. After BTC fell back, they profited, and more people believed this direction was correct and also shorted.
That's why the price is falling, but the short ratio is rising.
The question is: is 61.81% a lot or a little?
From the historical data tracked by this series, the last extreme that caused a sudden price reversal was when the short ratio was at a high level and then triggered massive stop losses in a short time.
Today, 61.81% — 6 out of 10 accounts shorting — is the most crowded short moment in this BTC downtrend cycle.
Now look at the Open Interest (OI):
Today's latest OI is $8.256 billion, the highest in these 10 periods.
OI rises, price falls — plain words: someone is adding to short positions with real money, it's not old positions holding, but new funds coming in to short.
The last detail is today's largest 4-hour candlestick:
Volume 46,500 contracts, three times the average of the other 9 periods.
Buyers 23,169 vs Sellers 23,329 — basically even, but sellers slightly more.
This large volume candlestick indicates: a big battle happened near $80K, both bulls and bears were involved, but the sellers won by a small margin.
$82,480 surge failed, 61.81% short ratio hit a series high, OI expanding, heavy turnover near $80K —
this is not an ordinary surge and fall, it's a probe to see if anyone is willing to catch at $80K. Someone tried, but failed. $BTC

Altcoin season is about to explode — Four high-risk cryptocurrencies may lead the next 20x surge. According to recent chart data, the altcoin market, after years of downward pressure, is testing a long-term resistance level. Analysts tracking total market cap (excluding major assets) note that price action is tightening near a descending trendline. Historically, this pattern usually appears before a broad altcoin expansion, but further confirmation is still needed. The Moving Average Convergence Divergence (MACD) indicator on higher timeframes has also shown a bullish crossover, further supporting the view that the market may be on the verge of a shift. While this signal alone does not confirm a sustained rally, it has certainly sparked attention about whether the market is entering a new phase. $ETH $DOGE $SUI
Altcoin rebound rally continues, SUI up over 26% in 24 hours
On May 11, according to HTX market data, as mainstream tokens like Bitcoin strengthen again, previously oversold altcoins continue their rebound rally, including:
OSMO up 49% in 24 hours, currently priced at $0.0504;
SUI up 26% in 24 hours, currently priced at $1.349;
LAYER up 24% in 24 hours, currently priced at $0.1247;
Fan tokens PSG and OG both up over 13% in 24 hours. $SUI $LAYER
BILL current price $0.1228, 24h high $0.1306, UTC open $0.1208.
First, why today is worth considering a short position.
Latest 10 periods of long position ratio:
55.50% → 54.27% → 50.93% → 56.54% → 57.35% → 57.20% → 60.41% → 60.94% → 58.76% → 58.07% (latest)
In the last period of this series, it was noted that the right side of the W-shaped arc completed at 60.94%, just 0.62 percentage points short of tying the previous series high of 61.56%.
Today: 58.07%.
No breakout, it turned down.
60.94% is the peak of this rebound—the long ratio failed to break the previous series high and has now declined for two consecutive periods.
OI is shrinking simultaneously: peak at $9.30M, latest today $7.17M—$2.13M less in positions, indicating longs are quietly exiting, not adding.
Taker ratio in the last 4 periods: 0.9814 → 0.9797 → 0.9652 → 0.9502—all below 1.0, sellers are more aggressive than buyers, four consecutive periods.
Plainly put: longs are selling at highs, OI is shrinking, market selling is more active—this does not look like a bullish sign.
Short position reference:
First entry zone (optimal): $0.130 - $0.135
Reason: Today's high $0.1306 is a recent resistance zone; a rebound here is likely to meet resistance. The long ratio peak formed near this price, making it the best risk-reward entry point.
Second entry zone (near current price): $0.122 - $0.126
Reason: If no rebound occurs, the current price can be lightly tested, provided OI continues to shrink and Taker remains below 1.0, indicating sustained selling pressure.
Stop loss: above $0.158
Reason: The highest point this round is $0.1525; allowing some buffer, if it rises above $0.158 and holds, it means longs have regained control, invalidating the short logic, so exit.
Target 1: $0.105
Target 2: $0.095 (a low point already reached yesterday; if longs truly collapse, this can be touched)
Signals that invalidate today's short logic:
• Long ratio returns above 61%
• OI expands back above $9M
• Taker ratio stands above 1.05 for two consecutive periods
• Price effectively holds above $0.135
If any of these occur, the short logic must be reassessed.
60.94% was the peak of this rebound; failing to break the previous high, it turned down—now OI is shrinking, Taker is selling, longs are exiting. $0.130-$0.135 is the best short window today. $BILL

BTC today $81,348, 24h volatility less than $1,000.
You might think there's nothing much to say—right, there's just no movement.
But one thing is interesting:
BTC hasn't risen, but the number of short sellers has been increasing over the past 4 hours.
Currently, 58% of accounts are shorting BTC at $81K.
One possibility is: these people see something the bulls haven't noticed—Fed inflation expectations heating up, Strategy pausing purchases, and the $70K prediction being brought up again.
Another possibility is: they plan to use stop-loss orders once again to help BTC rise.
Fear & Greed: 47 (Neutral).
At $81K, shorts are increasing, big buyers have paused, but $80K still holds—someone in this situation will break first.

BTC today $81,348, up less than 1% in 24h, highest $81,499, lowest $80,568—throughout the day, it just oscillated within a box of less than $1,000.
First, let's talk about a number that this series has been tracking recently.
Short position ratio for the last 10 periods:
55.90% → 56.16% → 56.34% → 56.91% → 57.66% → 57.94% → 57.57% → 57.46% → 57.51% → 58.25% (latest)
Out of these 10 periods, 9 have been rising.
Currently, 58.25% of accounts are shorting BTC.
Note: BTC’s price has basically not moved in these 10 periods—but the number of short sellers has quietly increased.
Plain explanation:
It’s not that BTC is falling and more people are shorting because of that. BTC hasn’t fallen, yet more people think "it should fall" and are shorting it.
There are two possibilities:
One: These shorts are right. BTC has been holding at $80K for so long, accumulating downward pressure—once it breaks, it will be a big drop. Today’s news also says the Fed’s latest forecast predicts inflation will heat up, delaying rate hikes and cuts, and the $70K prediction is back in discussion.
The other: These shorts are wrong. Those who shorted at $79K are still holding at $80K; those who shorted at $80K are still holding at $81K—every step BTC moves up, previous shorts move closer to losses. 58% of accounts shorting means 58% of accounts are potential stop-loss buy orders.
A new variable appeared today:
Strategy, the world’s largest BTC institutional holder, recently paused buying.
This company used to buy BTC weekly, but suddenly stopped.
Not selling, just stopped buying.
But "losing a big buyer" itself is a signal—the market is waiting to see when they will start buying again.
$80K still holds, shorts are increasing, big buyers paused, and the Fed is scaring people again—
What BTC is doing today is neither rising nor falling, it’s making everyone uncomfortable. Bulls are unsatisfied, shorts aren’t profiting, everyone is waiting. $BTC


