Bitcoin (BTC) buyers resumed their activity during the early Asian trading hours on Wednesday, pushing the price to a new multi-month high of $82,240.

Onchain indicators, including the short-term holder (STH) cost basis, suggest that the BTC price can go higher, with the next big target at $92,000. 

Key takeaways:

• Bitcoin holders are back in profit, increasing the chances of reaching $92,000.
• BTC bulls must overcome resistance at $84,000 to continue the uptrend. 

Bitcoin price eyes $92,000 next

Data from TradingView shows that BTC/USD had risen 37% to trade above $82,000 from its multi-month low of $60,000 reached on Feb. 6.

This rally has seen Bitcoin rise above the cost basis of its short-term holders, currently at $79,000, according to data from Glassnode.

STH cost basis refers to the average purchase price of investors who have held Bitcoin for less than 155 days.

Historically, reclaiming this level has coincided with extended recovery phases, as investors returning to profit are often less inclined to sell and more willing to add exposure. The shift can also attract fresh buyers and trigger short squeezes as bearish positioning unwinds.

Related: Bitcoin in ‘disbelief rally’ as traders spot $84K BTC price target

The chart below shows that when the price reclaimed its realized price in April 2025, it rallied 30% toward the upper band of this metric at $112,000 four weeks later. 

Similar occurrences in October 2024, October 2023 and January 2023 also saw the BTC price rally toward the same onchain level, as shown in the chart below.

If BTC breaks above the line, there is a good chance of seeing $92,423 in the short term, about 13% above the current price.

Bitcoin STH cost basis. Source: Glassnode

“Bitcoin has crossed the coveted ‘short-term holder breakout,’” analyst Mitchell Askew said in a Wednesday post on X, adding:

“This typically signals the end of bear markets and consolidation periods.”

Bitcoin analyst Plan C said if the price “can find sustained support above this level,” it would confirm that the 50% drawdown from the $126,000 all-time high was just a “mid-cycle correction.” 

Meanwhile, Bitcoin’s STH spent output profit ratio (SOPR) has flipped positive, showing early signs of a shift in market behavior.

The metric is “back above 1, which usually means recent buyers are back in profit and selling pressure is easing,” analyst BitBull said in a Wednesday post on X, adding:

“This is where markets often move from accumulation into early bullish phases.”

Bitcoin STH SOPR. Source: BitBull

As Cointelegraph reported, several technical indicators suggest that Bitcoin’s bottom is in, with analysts setting targets as high as $250,000 within a year. 

Bitcoin’s price needs to flip $84,000 into support

Bitcoin’s bullish weekly close above the 20-week exponential moving average and true market mean at $78,300 has convinced traders it can move higher from current levels.

Analysts say the continuation of Bitcoin’s rally now hinges on breaking above the $82,000-$84,000 supply zone. 

Bitcoin is retesting the low $80,000s region, which “corresponds with the November lows and the Daily 200MA/EMA coming in a bit higher,” trader and analyst Daan Crypto Trades said in his latest Bitcoin analysis on X.

Note that the 200-day EMA and the 200-day simple moving average are at $82,600 and $83,402, respectively.

This is a “big level” for Bitcoin bulls, the analyst said, adding:

“Acceptance higher can lead to a further bounce back into the $90Ks, but a rejection will likely keep this rangebound with $80K as the ceiling for a while.”

BTC/USD daily chart. Source: X/Daan Crypto Trades

MN Capital founder Michael van de Poppe shared a chart showing $84,000-$86,000 as the “next resistance zone,” which, if broken, could potentially see Bitcoin “continue to the 50-Week MA around $90K.”

Meanwhile, Bitcoin’s whale order book showed “big ask orders concentrated” between $82,000-$84,000, making it a crucial level for the bulls to overcome.

Bitcoin whale order book. Source: CoinGlass

As Cointelegraph reported, the BTC/USD pair may rise as high as $92,000 if resistance at $84,000 is broken.

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

InsightX is expanding its on-chain safety toolkit with Atlas Live, a real-time token holder map designed to give traders immediate visibility into who holds and moves tokens. Announced from Odense, Denmark on May 6, 2026, Atlas Live builds on the widely used Atlas holder visualization and turns it into a live, decision-ready research engine. The platform is positioned as a first-of-its-kind real-time map, enabling continuous observation of holder activity without the need to refresh or wait for periodic updates.

Atlas Live integrates Atlas, a tool trusted by millions of traders for quick grasp of token ownership and clustering patterns that can reveal coordinated wallet activity. The live service expands Atlas’ reach by embedding itself into major DeFi gateways and dashboards, including Pump.fun, Axiom, Terminal, and GMGN. Its real-time data stream is designed to shorten the lag between discovery and action in a market where rapid moves can define outcomes for early investors and risk-averse participants alike.

Key takeaways

• Atlas Live delivers the world’s first live token holder map, letting traders watch wallets buy, sell and transfer tokens in real time.
• The platform removes the need for manual refreshing, providing instant visibility into distributions and movements as they happen.
• Historical mode enables researchers to rewind a token’s distribution, analyzing behavior at any moment to identify patterns beyond static snapshots.
• AI-powered detection uncovers hidden links and ownership structures, helping distinguish ordinary flows from potentially coordinated or malicious activity.
• Atlas Live is available across 15 ecosystems, including Solana, Ethereum, BNB Chain, and Polygon, enabling cross-chain analyses at scale.

Real-time data reshapes token research

The introduction of Atlas Live marks a shift from static holder maps to a continuously updated view of token ownership. In practice, traders can observe how large holders react to price moves, liquidity shifts, and newly minted supply, potentially signaling sell pressure or unusual accumulation long before a traditional dashboard would reflect it. Lasse Møller, CEO of InsightX, underscored the distinction between “real-time” in crypto and the everyday use of the term, noting that Atlas Live offers data without manual refreshes—the feed is live and instantaneous.

“The word ‘real-time’ gets used a lot in crypto, but it rarely means truly instant. With Atlas Live, there’s no refresh button, no delay. The data is just there – live, as it happens,”

Historical mode and deeper context

Beyond live observation, Atlas Live provides a historical lens. Researchers can rewind token distributions to study how early holders behaved and how a token’s ownership evolved over time. This capability helps answer questions such as when insider accumulation started, how it correlated with price action, and whether large transfers preceded liquidity events. The historical mode supports targeted investigations of specific moments rather than broad, one-off snapshots.

This capability is designed to support several practical objectives:

• Identify insider accumulation before a significant price move.
• Detect clusters of wallets that may indicate coordinated activity.
• Develop a chronological understanding of a token’s distribution trajectory.

AI-driven ownership insights

As on-chain networks grow more complex, the question of true decentralization becomes harder to answer simply by looking at holder counts. Tokens can appear widely distributed on paper, yet be controlled through a small set of entities or intermediary wallets connected by common funding streams. Atlas Live incorporates AI-powered detection to surface these hidden links, offering traders the context needed to distinguish normal market flows from suspicious patterns.

“Not everything is black and white. Large clusters of wallets can reflect legitimate exchange activity, but they can also signal coordinated behavior. Atlas Live helps traders understand that difference in seconds. Context matters,”

Speed, scope, and cross-chain reach

The platform blends speed with interpretive context, highlighting outsized movements by major holders and shifts in early liquidity that could precede a sell-off or rug pull. Atlas Live is built for immediacy and accuracy, with a cross-chain footprint spanning 15 ecosystems, including Solana, Ethereum, BNB Chain, Base, Abstract, XLayer, Monad, HyperEVM, Sonic, Avalanche, Sui, Tron, Polygon, Arbitrum, and Unichain.

About InsightX and Atlas Live

InsightX describes itself as a Web3 transparency and security platform that combines on-chain scanning with live holder maps to illuminate DeFi markets. Its Atlas visualization tool is a cornerstone product, already embedded in popular platforms such as Pump.fun and Axiom and used by a broad trading community. The Atlas Live rollout broadens the product’s reach by offering real-time, context-rich insights to traders, researchers, and ecosystem participants across multiple chains.

For readers seeking more information, InsightX maintains a public-facing presence with resources and documentation at its website and through Atlas Live’s dedicated app. Additional channels include the company’s social and community hubs where users can stay updated on new features and data capabilities.

Website: InsightX

Atlas Live App: Atlas Live App

X (formerly Twitter): @InsightXnetwork

Telegram: Telegram

Docs: Docs

Whitepaper: Whitepaper

Hyperliquid (HYPE) traded above $44.00 on Wednesday, extending its rally for a sixth consecutive session as rising derivatives activity and growing platform usage strengthened bullish sentiment around the exchange token.

The latest rally comes as investor confidence gradually returns to the broader crypto market, boosting both leverage exposure and user participation across the Hyperliquid ecosystem.

Hyperliquid sees rising retail demand and platform activity

CoinGlass data show HYPE futures Open Interest (OI) climbed to $1.75 billion on Wednesday from $1.62 billion the previous day, signaling an increase in leveraged positions and fresh capital entering the market.

The sharp rise in Open Interest suggests traders are increasingly positioning for additional upside as bullish momentum accelerates.

At the same time, DeFiLlama data indicate Total Value Locked (TVL) on Hyperliquid increased more than 2% over the last 24 hours to reach $1.556 billion, reflecting stronger inflows into the protocol.

Growing TVL is typically associated with rising user engagement and improving platform fundamentals, as more capital flows into decentralized finance applications built on the ecosystem.

Hyperliquid also continues to rank among the strongest-performing DeFi protocols by revenue generation.

Excluding stablecoin protocols, Hyperliquid currently leads the sector in seven-day revenue with $11.58 million, underscoring sustained trading activity and demand for the platform.

Technical outlook: HYPE targets a breakout above $50

Technically, Hyperliquid maintains a strong bullish structure as price action continues to trade comfortably above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), all of which continue to slope upward and reinforce the broader uptrend.

Momentum indicators also support the bullish outlook. The Moving Average Convergence Divergence (MACD) remains firmly in positive territory on the 4-hour chart, signaling sustained upward momentum, while the Relative Strength Index (RSI) hovers near 74, reflecting an overbought condition.

On the upside, the next key resistance level is the R1 Pivot Point near $45.52. A decisive breakout above this barrier would bring the broader descending trendline resistance near the psychological $50.00 level into focus.

A sustained close above the $50 region could trigger a stronger bullish continuation phase and potentially open the door for a broader medium-term rally.

On the downside, immediate support sits near the rising trendline around $40.00, followed by the 50-day EMA near $39.76.

Additional downside protection is seen at the 100-day EMA around $37.45 and the 200-day EMA near $36.45 if broader market conditions weaken and trigger a deeper correction.

A new era of on-chain trading transparency. Atlas Live enables traders to analyze token concentration and spot potential rug pulls. Now in real time.

Odense, Denmark, May 6, 2026 – InsightX, the on-chain safety and analytics platform, launches Atlas Live, the world’s first real time token holder map.

InsightX is best known for Atlas, a holder visualization tool used by millions of traders each month. It simplifies token ownership at a glance, with clustering patterns revealing potential coordinated wallet activity. Atlas is integrated across major platforms including Pump.fun, Axiom, Terminal and GMGN.

The launch of Atlas Live transforms the research tool into a decision-making engine for live trading. Until now all holder maps required manual refreshing, leaving traders a step behind the true token distribution. In a market where scams unfold in seconds this delay was critical. Atlas Live changes this, turning static analysis into real-time insights.

What’s new 

Live holder map

Atlas Live introduces the world’s first live token holder map. Traders can now watch wallets buy, sell and transfer tokens in real time, revealing patterns that were previously invisible. This can make the difference between getting out early or being left with an empty bag.

“The word ‘real-time’ gets used a lot in crypto, but it rarely means truly instant.” said Lasse Møller, CEO of InsightX. “With Atlas Live, there’s no refresh button, no delay. The data is just there – live, as it happens.”

Historical mode

With Historical mode traders can rewind any token’s distribution and analyze how early holders behaved. Most importantly, it enables the investigation of any given moment, not just snapshots.

This makes it possible to:

• Identify insider accumulation before a pump
• Detect coordinated wallet clusters 
• Understand how a token evolved over time

AI powered detection

Identifying true ownership has become increasingly difficult. Tokens may appear decentralized on paper, yet remain controlled by a small group of holders. Funds can be routed through intermediary wallets that may never interact directly but are linked via shared funding sources. AI powered detection uncovers these hidden links, helping traders separate normal activity from suspicious behavior.

“Not everything is black and white.” Møller added. “Large clusters of wallets can represent normal exchange flows, but they can also indicate coordinated behavior. Atlas Live helps traders understand that difference in seconds. That’s why context is so important.”

Built for speed and real-time insights

Atlas Live combines real-time data with contextual insights to help traders read token distribution and react faster. It highlights large holder movements and early liquidity shifts that may signal sell-offs or potential rug pulls.

Atlas Live is available cross-chain on 15 ecosystems: Solana, Ethereum, BNB Chain, Base, Abstract, XLayer, Monad, HyperEVM, Sonic, Avalanche, Sui, Tron, Polygon, Arbitrum and Unichain.

About InsightX

InsightX is an innovative Web3 transparency and security platform, transforming how traders and ecosystems navigate on-chain markets. The InsightX product suite combines smart contract security scanning with live holder maps to deliver clarity, trust and alpha across the DeFi space. Best known for its holder map, Atlas, InsightX powers major platforms like Pumpfun and Axiom, serving more than 2M traders each month.

Website | Atlas Live App | X | Telegram | Docs | Whitepaper

Media contact:

This publication is provided by the client. The text below is a paid press release that is not part of Cointelegraph.com independent editorial content. The text has undergone editorial review to ensure quality and relevance, it may not reflect the views and opinions of Cointelegraph.com. Readers are encouraged to conduct their own research before taking any actions related to the company. Disclosure.

A suspected $150 million crypto Ponzi scheme centered on BG Wealth Sharing has seen its domain seized by U.S. law enforcement, following reports of a large-scale rug pull and mounting investor losses. The operation’s online presence was brought down as part of a joint initiative involving federal authorities and specialized task forces, underscoring ongoing efforts to disrupt scam networks that rely on social media to lure retail investors into high-yield promises.

On-chain sleuthing by ZachXBT indicated that illicit actors tied to BG Wealth Sharing attempted to launder more than $92 million in cryptocurrency between April 27 and this week. In a coordinated response, investigators managed to freeze more than $41 million of those assets, with cooperation from industry players including Tether, Binance and OKX, as well as U.S. law enforcement. The influencer’s update also framed the scheme as potentially responsible for losses well above the $150 million mark, based on activity since 2025 and the thousands of victim withdrawals identified to date.

“While these Chinese investment frauds are obvious to most, they purposely target unsophisticated retail investors via social media,” ZachXBT commented, noting the difficulty of convincing victims that they were scammed even after the fact.

Key takeaways

• Domain seized: BG Wealth Sharing’s website was taken down by U.S. authorities as part of a joint operation involving Level Up and the Scam Center Strike Force, signaling a broader crackdown on unlicensed crypto investment platforms.
• Asset recovery and laundering: investigators reported laundering attempts exceeding $92 million, with more than $41 million frozen in cooperation with major exchanges and law enforcement partners.
• Scale of impact: the scheme reportedly operated since 2025 and is linked to thousands of withdrawals, suggesting total losses could exceed $150 million.
• Regulatory warnings and cautions: regulators had long warned investors away from BG Wealth Sharing, including the FCA and the Central Bank of Samoa, highlighting the risks of unregistered crypto investment offers.
• Investor-facing red flags: descriptions of daily profits, referral schemes, and a claimed IPO for a related exchange were later tied to deceptions, culminating in a public rug pull narrative and warnings from state regulators.

Crackdown context: enforcement, warnings, and the scale of risk

The seizure of BG Wealth Sharing’s domain comes amid heightened vigilance from regulators and law enforcement against crypto investment platforms that promise high returns with minimal friction. In multiple jurisdictions, authorities have warned that BG Wealth Sharing presented itself as a crypto-trading advisor while peddling guaranteed yields and referral commissions—a combination commonly associated with sophisticated advance-fee scams and Ponzi-like structures.

Regulators’ warnings were not limited to one territory. The UK Financial Conduct Authority issued formal warnings about BG Wealth Sharing, while the Central Bank of Samoa cautioned investors that the group represented an investment scam. In the United States, the action aligns with broader joint efforts—Operation Level Up and the Scam Center Strike Force—designed to disrupt cross-border scams that rely on social media amplification to reach unsophisticated retail investors.

Investors have faced a difficult truth as authorities step up enforcement: schemes that promise regular, outsized returns often collapse once new inflows stall. The Washington State Department of Financial Institutions reiterated concerns by noting a pattern consistent with advance-fee fraud, a warning echoed in official statements that highlight how new funding is often required to access any withdrawn funds.

A company that requires an investor to deposit additional external funds in order to withdraw their investment is highly likely to be operating an advance fee scam.

Context for this crackdown is supported by broader crime data. The U.S. Federal Bureau of Investigation reported in April that Americans lost $21 billion to cyber-enabled crime last year, with crypto investment scams accounting for a substantial portion of those losses. The scale of the problem underscores why authorities continue to pursue operators like BG Wealth Sharing and why investors must scrutinize platform claims, licensing, and regulatory status before committing capital.

What BG Wealth Sharing advertised—and what regulators say happened

BG Wealth Sharing presented itself as a crypto-trading guidance service, heavily promoted on social media with promises of “daily profit opportunities” and a structured compensation plan featuring referral commissions and rank-based bonuses. It also advertised a daily yield range of about 1.3% to 2.6%, a promise that rarely survives the realities of a market where liquidity and withdrawal policies can hinge on the platform’s ability to attract new funds.

As the scheme unfolded, purported leadership and marketing claims around a related DSJ Exchange surfaced in a late-stage address to users. A video message from a figure identified as the company’s CEO suggested the exchange would be pursuing an initial public offering, with a requirement of a 12% tax on account balances as part of the regulatory process. When users began warning each other that a rug pull was in progress, regulators stepped in with formal alerts—reiterating that the platform’s claims did not align with licensed, compliant financial activity.

The grim arc of BG Wealth Sharing is consistent with other scams that leverage social-media reach to lure retail investors who may be drawn by the prospect of fast gains. ZachXBT’s reporting emphasizes the tension between the perceived legitimacy of online promotions and the reality that many participants may not realize they are dealing with an unregistered or fraudulent operation until well after losses mount.

Why this matters for the market and for participants

Criminal actions against BG Wealth Sharing illustrate the persistent threat of Ponzi-like crypto investment schemes that mix aggressive marketing with questionable licensing. For traders and investors, the case highlights several practical considerations: the importance of verifying licensing and regulatory status, the risks of platforms that offer unusually high yields with little transparent risk management, and the need to consider on-chain evidence and official cautions before committing funds.

For builders and infrastructure players, the episode underscores the ongoing need for clearer provenance and due diligence tools in the crypto ecosystem. Projects that emphasize transparent treasury management, auditable yield models, and verifiable investor protections are more likely to gain trust in a crowded market where scams can leave lasting reputational damage.

From a policy perspective, the BG Wealth Sharing case reinforces the imperative for coordinated enforcement across jurisdictions. The joint seizure and the public warnings from regulators in multiple regions may deter would-be scam operators and provide a blueprint for future takedowns, even as new schemes continue to adapt their narratives to evade detection.

Looking ahead, readers should monitor updates from U.S. law enforcement and regulatory agencies for any further recoveries, charges, or civil actions related to BG Wealth Sharing and similar entities. Investors should also remain vigilant for warning signs—unlicensed status, guaranteed returns, and sudden changes in withdrawal policies—especially when paired with aggressive social-media marketing and referral incentives.

As enforcement actions unfold, the broader market will likely see continued emphasis on vetting practices, more explicit disclosures around risk and compensation structures, and a push for faster cross-border information sharing among regulators and exchanges. The ongoing investigation and any subsequent asset recovery efforts will be crucial to understanding how effectively these networks can be disrupted and deterred in the future.

Readers should stay tuned for updates on the DSJ Exchange-related aspects of the saga, additional regulator statements, and any new data on the total scope of losses tied to BG Wealth Sharing. The case remains a salient reminder that high-yield promises on crypto platforms often conceal a higher likelihood of losses, and that vigilance—both by users and by the systems designed to protect them—remains essential.

Cointelegraph is committed to independent, transparent journalism. This news coverage adheres to established editorial standards, and readers are encouraged to verify details through official sources and ongoing reporting.

TLDR:

• KelpDAO lost 116,500 rsETH in an April 18 exploit tied to North Korea’s Lazarus Group via LayerZero.
• LayerZero’s 1-of-1 DVN setup was used by 47% of OApp contracts, contradicting claims it was unique to Kelp.
• KelpDAO intervened to block $100M in additional forged transactions before pausing its bridge contracts.
• KelpDAO is now migrating to Chainlink CCIP, which has processed over $30 trillion in value over 7 years.

---

KelpDAO is migrating to Chainlink’s Cross-Chain Interoperability Protocol following a major exploit on April 18, 2026.

The attack, linked to North Korea’s Lazarus Group, targeted LayerZero’s infrastructure and drained 116,500 rsETH from KelpDAO’s bridge.

The total losses across DeFi protocols exceeded $300 million. KelpDAO has since disputed LayerZero’s framing of the incident, calling the infrastructure failure a systemic issue within LayerZero’s own operations.

The Attack and Its Impact on DeFi

The April 18 exploit originated within LayerZero Labs’ off-chain infrastructure. Attackers compromised two RPC nodes used by LayerZero’s DVN and launched a DDoS attack on the remaining nodes.

This forced DVN signers to validate a non-existent transaction, producing fake token burns and flooding markets with unbacked rsETH.

Aave and other DeFi platforms were among the protocols affected by the unbacked rsETH. Two additional forged transactions worth over $100 million were also signed by the LayerZero Labs DVN.

KelpDAO’s team intervened in time to pause contracts and block those transactions before further damage occurred.

KelpDAO also flagged the exploit to LayerZero directly, as the latter’s monitoring systems had not detected it. According to KelpDAO, LayerZero’s team appeared unaware of any issue when first contacted. This raised concerns about the reliability of LayerZero’s internal alerting processes.

The Dispute Over the 1-of-1 DVN Configuration

LayerZero attributed the exploit to KelpDAO’s use of a 1-of-1 DVN configuration, calling it a risky manual setup. KelpDAO pushed back firmly on this claim.

According to Dune Analytics data, 47% of roughly 2,665 LayerZero OApp contracts used the same 1-1 DVN setup at the time.

KelpDAO also shared Telegram exchanges showing LayerZero team members explicitly approving the 1-1 configuration during pre-deployment reviews. Over 2.5 years of integration discussions, LayerZero reportedly raised no objections to the setup.

KelpDAO followed LayerZero’s own documentation and quickstart guides, which defaulted to the 1-1 LayerZero Labs DVN configuration.

A post from @CatfishFishy on April 24 drew attention to a December 2024 statement from LayerZero’s Bryan, who claimed no applications were using the LayerZero DVN as a 1-1 setup.

At that point, rsETH already held roughly $200 million in TVL across L2 deployments under that exact configuration. Independent security researchers, including @banteg, also confirmed through public reports that the exploit originated from LayerZero’s own infrastructure, not from KelpDAO’s settings.

KelpDAO’s Migration to Chainlink CCIP

Following the exploit, KelpDAO announced a full transition away from LayerZero. The protocol is now moving to Chainlink’s Cross-Chain Interoperability Protocol and adopting Chainlink’s Cross-Chain Token standard for rsETH. The migration is currently being finalized by KelpDAO’s engineering team.

Chainlink’s decentralized oracle network has processed over $30 trillion in value across more than seven years of operation.

The network also remained functional during several major global outages, making it a more established option for cross-chain security.

KelpDAO stated that all rsETH cross-chain transfers will soon run through Chainlink CCIP across all supported chains.

After the exploit, LayerZero announced it would stop attesting messages for any app using a 1-1 DVN setup. KelpDAO noted that this policy change came only after the configuration had already caused hundreds of millions in losses.

The 1-1 configuration, however, reportedly still appears in LayerZero’s own documentation and default OFT deployment templates.