Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

$3B Bitcoin Short Squeeze Could Trigger BTC’s Run to $100K

According to Coinglass, there’s a heavy concentration of short positions across major exchanges like Binance, OKX, and Bybit between the $97K and $100K range. That cluster of bets against Bitcoin is now on shaky ground. A move past $100K could lead to a wave of liquidations totaling about $3.04 billion. At press time, Bitcoin hanged on $94K level.

Nvidia rumoured to be weighing Bitcoin addition to balance sheet

Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is said to be considering adding Bitcoin (BTC) to its corporate balance sheet, according to X commentators.

While the semiconductor giant has not publicly confirmed any such plans, speculation about potential cryptocurrency adoption has stirred interest across both equity and digital asset markets.

The report from crypto commentator Crypto Rover on the social media platform, which cited unnamed sources, claimed Nvidia is exploring a Bitcoin purchase to add "stability" to its reserves.

Riot Sells 475 Bitcoin While MicroStrategy Makes Another $180 Million Purchase

Last month, Riot Platforms sold 475 Bitcoin in a reversal of its long-term hodling policy, while Strategy acquired BTC worth $180 million today. This was reportedly Riot’s first Bitcoin sell since January 2024.

While MicroStrategy continues to stick to its aggressive accumulation policy, not all industry leaders are impressed. For instance, tech founder and entrepreneur Anton Golub warned about the dangers of Strategy’s BTC acquisition, describing it as a Ponzi scheme.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday was $425.45 million. The total net asset value of Bitcoin spot ETFs is $110.68 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.91%.

The Bitcoin spot ETF with the highest net inflow on May. 5 was iShares Bitcoin Trust, with a net inflow of $531.18 million.