Bitcoin surged to an all-time high of $112,000, but volatility triggered by geopolitical events quickly followed this milestone. 

On May 22, 2025, Bitcoin surged to an all-time high of $112,000, but volatility triggered by geopolitical events quickly followed this milestone. The announcement by US President Trump of a 50% tariff on goods from the European Union caused immediate panic among traders, reminiscent of past trade tensions. However, a swift market recovery occurred when the White House delayed the tariff's implementation until Jul 9, 2025, reviving bullish sentiment. 

Let’s look at some market sentiment data.

Crowd sentiment data reveals that trader emotions play a crucial role in market behavior. When Bitcoin reached its peak on May 22, positive sentiment surged, only to be followed by a rapid correction as traders faced unexpected market shifts. This highlights a pattern whereby prices often move contrary to retail expectations, suggesting that emotional responses can act as counterindicators.

Long-term indicators are more optimistic. Since the start of 2025, Bitcoin supply on exchanges has decreased by 147,160 BTC, indicating that many traders are moving assets into long-term storage, reflecting confidence in future price increases. The Mean Dollar Invested Age (MDIA) has also declined, suggesting that older coins are being reintroduced into circulation, a trend often associated with bullish momentum.

 activity has intensified, with spikes in transactions over $100,000 during Bitcoin's price peak. This behavior indicates profit-taking by institutional investors, which can lead to price corrections if not managed carefully. High whale activity at market tops often signals distribution, cautioning retail traders about potential market shifts.

Looking forward, the approaching July 9 tariff deadline will be a critical factor influencing Bitcoin's price trajectory. The market's reaction to this event, combined with ongoing geopolitical tensions, will likely determine whether current sideways movement evolves into a deeper correction or sets the stage for another rally. Stakeholders should integrate macroeconomic news with on-chain data analysis, including metrics like 

 and whale activity, in order to navigate this complex environment effectively.

Advanced

Intro to Santiment.png

Bybit x Santiment Social Sentiment Report: Bitcoin’s all-time high leads to loftier expectations

Discover Bybit’s flexible crypto loan options—borrow against your assets to trade, stake, or earn rewards without selling your crypto.

Borrowing funds for your crypto trading can be an excellent capital efficiency measure. In many cases, it pays to borrow the cryptocurrency of your choice against collateral instead of buying it outright. Crypto loans can also help you access unique yield-generation opportunities, such as leveraged staking. Savvy traders and investors in crypto have long known that borrowing is one of the key avenues for improving the efficiency, flexibility and profitability of your operations. 

Bybit offers you several ways to borrow cryptocurrency. These include flexible rate and fixed-rate overcollateralized crypto loans, Unified Trading Account (UTA) auto-borrowing, the Margin Staked SOL product and Launchpool Borrow & Stake. These options allow you to access crypto funds in highly efficient and flexible ways to support your trades, earn 

 rewards or receive early-stage tokens for free. 

In this article, we’ll look in detail at these four ways of borrowing funds with Bybit, and discuss their key features, use cases and benefits. 

1. Crypto Loans — Liquidity without selling

Bybit offers its users overcollateralized crypto loans, with both flexible and fixed-rate interest. Flexible crypto loans feature variable interest, updated hourly based on prevailing market conditions. Fixed-rate loans offer preset interest for borrowing tenures of 7, 14, 30, 60, 90 or 180 days, depending upon your preference. 

Flexible rate loans are supplied directly by the Bybit platform, while fixed-rate loans are procured through Bybit’s 

 (P2P) lending service. Crypto lenders post their offers on Bybit P2P and specify their preferred conditions, such as the loan duration and interest rate. Borrowers may choose from the existing offers, or create a separate loan order with the interest rate and other conditions they’d like to access. The system then evaluates orders from lenders and borrowers in order to find the optimal match and connect the two parties.

Since early May 2025, the two loan varieties have been integrated into a single user interface under a unified product umbrella called Crypto Loans. You can now use the same shared collateral to secure both flexible and fixed-rate loans. Your collateral can also be used across different markets and products on the platform, such as the Spot and Derivatives markets and Bybit staking products.

 (LTV) thresholds applicable for margin limits, margin calls and liquidation — 80%, 85% and 92%, respectively. 

Bybit offers a wide variety of crypto assets for borrowing and collateral, including 

 and the leading high-cap cryptocurrencies, such as 

Interest rates for all Crypto Loans are compounded hourly. Fixed loans have a set rate in a range specified by the supplier and/or borrower, and flexible-rate loans are subject to a floating rate based on market conditions.

Flexible Crypto Loans are particularly useful for traders who wish to borrow with maximum flexibility and efficiency, repaying the amount when they find it most suitable based on their trading activity. For example, if you borrow funds for just 15 hours to facilitate some short-term trades, you’ll only pay interest for those 15 hours and not a single hour more. 

On the other hand, Fixed-Rate Crypto Loans suit borrowers who would like to operate in complete certainty, regardless of market developments, by locking in a preset interest rate.

2. UTA auto-loans — active capital with full control

Borrowing funds is automatically enabled in certain scenarios under your Bybit 

 (UTA). Automatic borrowing in the UTA is triggered when the following situations arise:

UTA loans aren’t available for manual borrowing; they’re only automatically triggered under the above scenarios. However, repayments are possible both in manual and auto modes. Interest rates for these loans are updated on an hourly basis. 

One key benefit of UTA loans is their applicability to spot margin trading on Bybit. With spot margin trading, you can use assets in your spot account as collateral for 

 with leverage ratios of up to 10x. Supported collateral assets include over 200 cryptocurrencies, including all high-cap coins. 

UTA loans are ideal for leverage trading aficionados, and for active traders who place frequent orders and might find themselves short on funds during a particular trade. The auto-borrowing function of these loans ensures that your orders go through, even if there’s a shortfall of funds or specific assets in your wallet. 

3. Margin Staked SOL — yield boost through leverage

 allows you to use leverage to boost your Solana liquid staking yields. To use this product, you’ll need to commit your SOL funds to Solana staking, which Bybit will manage through the use of the 

. Sanctum is a leading provider of infrastructure and services for Solana staking. 

You can borrow additional funds to stake with up to 4x leverage available. Upon staking, you’ll be issued the 

 (LST) that accrues your staking rewards. 

The interest that you pay on the borrowed funds is updated hourly. All interest repayments are handled automatically, either when the user decides to stop staking or their losses reach 90% of their staked principal. You can redeem your SOL funds at any time.

4. Borrow & Stake on Launchpool — multiply your rewards with minimal funds

option through its Launchpool. By staking your crypto funds and borrowing up to 3x of your principal, you can earn rewards through free tokens of projects offered via the Launchpool. Reward tokens for potential future market stars are usually issued for free by early-stage web3 projects.

is extremely user-friendly, and it takes just a single click to borrow and stake. As with the other three methods of borrowing, the interest rate on your borrowed funds is subject to hourly updates.

Choosing the right tool for your strategy

The four Bybit loan options above each have unique benefits and use cases. Deciding which option best suits you will depend upon your trading strategy, goals, available capital, familiarity with spot margin trading, experience level and openness to leverage. 

The below table summarizes the four loan products by user profile, primary use case and capital efficiency model. 

Bybit’s Crypto Loan products are ideal — not just for borrowing, but also for utilizing your existing idle funds for margin trading and staking to amplify yields. Each product type applies to different potential scenarios:

With the above loan options, crypto borrowing is no longer just about meeting fund shortfalls: now it’s a valid strategy to get the most out of your crypto trading.

Intermediate

bybit loan products suite.png

Bybit Loan: Flexible paths to capital efficiency

Oil is the most volatile major commodity in global markets, significantly more so than gold. It’s not uncommon for oil prices to rise or fall by 5% or more in a single day. 

Introduction: Oil as the most volatile major commodity

Oil is the most volatile major commodity in global markets, significantly more so than gold. It’s not uncommon for oil prices to rise or fall by 5% or more in a single day. This makes oil one of the most attractive instruments for active traders, offering frequent price swings and rapid opportunities.

Unlike most commodities, oil prices are influenced not only by global demand and macroeconomic conditions, but also by direct supply decisions made by producers. These decisions can trigger major shifts — especially when they come from the OPEC cartel, which plays a unique and powerful role in managing global oil output.

Supply side: OPEC, Russia and market control

Oil supply isn’t fixed like that of gold or silver. It’s flexible and largely managed by OPEC and its allies — known collectively as OPEC Plus — including Saudi Arabia, Russia, the UAE, Qatar and other producers. Together, they control more than 35% of global oil supply.

Their decisions to increase or cut production can move the market instantly. For example, OPEC is now considering a third consecutive supply hike, possibly increasing output by 138,000 or even 411,000 barrels per day. Moves of this scale tend to push oil prices lower.

Traders monitor OPEC meetings closely, because supply decisions directly impact price direction. The next major meeting — scheduled for July 2025 — could set the tone for oil markets for the rest of the year.

Demand side: Tariff tensions and global growth

On the demand side, the biggest current factor is Trump’s trade policy. New tariffs slow global trade, and slower trade reduces global growth — and with it, the demand for oil.

This was clearly seen on April 2, when Trump announced a new round of tariffs. Oil prices quickly dropped from $70 to $54 in just a few days — a 22% decline. Later, when tariffs were delayed, oil prices recovered to above $60.

It’s a clear example of how traders respond to political headlines. If more tariffs are announced, oil could fall again. But if a US-China trade agreement is reached, oil prices might rebound sharply on improved demand expectations.

More catalysts ahead: OPEC, Iran and inflation pressure

Beyond trade policy, the following supply-side catalysts are coming into play.

Oil is traded through two main contracts:

Both contracts are highly correlated. Traders choose between them based on geographic preference, liquidity and contract structure.

Technical analysis: Key levels for WTI crude

Looking at the daily chart of WTI crude, the following important patterns are in play.

These levels offer traders clear entry and exit points, based on momentum, reversals and breakout setups.

Conclusion: Oil is set for a volatile summer

Oil remains one of the most dynamic assets to trade, driven by shifting supply, policy decisions and changing global demand. The combination of OPEC’s actions, geopolitical negotiations and tariff developments creates continuous opportunities.

In the coming weeks, make sure to focus on these key drivers:

From a technical perspective, $60 is the key level. A decisive move above or below it could define the next major trend.

For now, the blend of macro news, OPEC production plans and technical volatility makes oil one of the top markets for traders looking to catch fast and meaningful moves.

APR25_Fx Street report (1).png

Bybit X FXStreet Commodity Report: Crude oil sees key support at $60 with upside at $68 if tariffs ease

Discover Tokyo Games Token (TGT), Japan’s first AAA web3 gaming token powering immersive play-to-earn experiences like the upcoming TOKYO BEAST.

Japan’s significant share of the global gaming market ranks third largest worldwide and generated $26 billion in revenue in 2024 alone. Now, as the gaming industry’s focus continues to shift toward 

 gaming, it’s not surprising that Japan has jumped on the bandwagon by launching the country’s first blockchain-based AAA gaming platform, Tokyo Games.

With a vision to enrich the current Web3 gaming scene, Tokyo Games will debut into this niche with its much-anticipated AAA game, 

The Tokyo Games Token (TGT), which will facilitate the platform’s growth and functionality, is at the heart of its operations.

The Tokyo Games Token is the token that will be used to drive the operation of all games exclusively built on the Tokyo Games platform. 

The gaming platform is built by Play3 Ltd and is backed by top mobile gaming developers in Japan, such as Cygames and gumi Inc.

The token, which has been dubbed “the first AAA token in Japan,” launched on May 21, 2025, and was issued on the Immutable zkEVM chain.

TGT has a maximum total supply of one billion tokens distributed across various stakeholders on the platform. TGT unlocks have varying vesting schedules designed to promote the project’s health and sustainability.

Notably, the team and the foundation have locked their tokens for one year after the token generation event (TGE) as a show of commitment to making the project successful.

 for the Tokyo Games ecosystem, TGT will have the following three uses:

 is the first web3 game developed by Tokyo Games. Developed through a collaboration with Web3 gaming giant Immutable, 

, a play-to-earn (P2E) game, has a team of over 80 full-time developers and AAA production to produce impressive gameplay.

Its strategic collaboration with Immutable opens up access to the blockchain’s infrastructure, including the Immutable Passport (non-custodial wallet) and the Immutable Global Orderbook for liquidity.

The game’s futuristic storyline takes place in Tokyo, Japan, and comprises three elements: humans, replicants (sentient androids) and BEASTs.

is divided into two systems: BASE and TRIALS.

BASE is for web3 players who leverage BEAST NFTs for a blockchain-based gaming experience. When on the BASE part of the game, you can stake TGT tokens to mint BEAST RAWDISK NFTs. Once minted, you can stake these NFTs to earn rewards. You can create stronger BEAST NFTs in two ways via the LAB feature: breed BEAST NFTs to create a new child BEAST or adjust BEAST parameters according to the battle environment.

 is designed for Web 2.0 players who can win PROXY BEAST, a copy of the BEAST NFT, from gacha and use it to participate in battles for a chance to win TGT tokens and BEAST RAWDISK NFTs.

TOKYO BEAST also lets players participate in prediction games to win TGT tokens. On the BASE system, you can join in prediction games using LUCKY CHIPS, where correct predictions help you earn TGT. LUCKY CHIPS are earned by buying and locking LUCKY TICKET NFTs for as short as a week to two years. The longer the lockup period, the more LUCKY CHIPS the player receives. Meanwhile, players on the TRIALS system can participate in prediction games using TRIALS CHIP, which is obtained by completing daily missions.

You can buy TGT on Bybit’s spot trading platform. To celebrate the listing, Bybit is holding 

 exclusive to the following selected regions in Asia: Japan, Korea, Macau, Taiwan, Brunei, Cambodia, Indonesia, Laos and Vietnam.

A prize pool of nine million TGT tokens is up for grabs for those who participate in the following two events:

Tokyo Games Token is pioneering a new era in Japan’s gaming industry by launching the country’s first AAA web3 gaming ecosystem. At the center of this ecosystem is 

, a P2E game that blends immersive gameplay with blockchain-powered ownership and rewards.

Japan continues to lead in gaming innovation, and TGT brings together the nation’s gaming legacy with decentralized technology’s future. With 

 setting the stage for what's possible in Web3 entertainment, TGT could play a major role in redefining how gamers play, earn and connect digitally.

tokyo games token.png

Tokyo Games Token (TGT): Japan’s first AAA web3 gaming ecosystem

Bybit Learn

Investing

Crypto

A crypto pullback could indicate a good opportunity to accumulate wealth. But can you spot a pullback accurately? Find out now. 

891_What_Can_You_Invest_During_a_Crypto_Pullback_3200x1800.png

Cryptocurrency markets can be highly volatile, with prices rising and pulling back rapidly. Knowing what to do with your investments can be tricky during a market pullback. Having a clear understanding of the risk-on-risk-off market shift to manage your investment in response to global economic changes properly could alter the return on investment results. And having plans to deal with market downturns is ideal. 

This article will explore crypto market pullbacks and strategies for navigating them.

Why Are There Market Pullbacks in Crypto?

Some of the most common reasons pullbacks occur in crypto markets include the following:

 When the price of digital currencies rises significantly, some investors may choose to sell their holdings to lock in gains. This selling pressure can cause the price of the crypto to decline temporarily.

 Negative news or events, such as a hacking incident, regulatory crackdown, or controversy involving a particular coin, could lead to a brief drop in the price of that coin.

 A decline in trading volume or a move below a key support level can lead to a pullback.

 When market sentiment turns negative, and FUD (fear, uncertainty, doubt) dominates, investors are more likely to panic sell, which can drive prices down.

Are Crypto Pullbacks and Traditional Finance Pullbacks the Same?

Crypto and traditional finance pullbacks are similar in some ways, but there are also some key differences.

Both crypto and traditional finance pullbacks can be caused by profit-taking, negative news or events, technical factors, and market sentiment. In both cases, an asset price decline usually occurs when there is increased selling pressure.

However, crypto markets are highly volatile compared to traditional financial markets. Crypto prices can fluctuate quickly, while conventional finance markets tend to be more stable in the short term and experience more gradual changes in price. Analyzing the past performance of the asset class should give a better overview to strategize your trading strategy.

Another difference is the level of regulation and oversight in the crypto market compared to traditional finance markets. The crypto market is still relatively uncharted territory, and a higher risk and uncertainty are associated with investing in crypto assets.

Additionally, the mainstream acceptance of both markets is different. Traditional finance markets are more stable and predictable as they have been around for longer, with a more established track record, market structure, regulation, and investor base. While the crypto market is still relatively new and uncertain, mass adoption could stabilize it.

A cryptocurrency pullback typically lasts for a few trading sessions; anything longer could be considered a reversal.

To identify a pullback, you can look for a decline in the price of a cryptocurrency after a period of price increases. The drop should be more significant than a typical day-to-day price fluctuation, and the price should remain below the previous high for a considerable period. 

However, note that a pullback is different from a downturn, which is a sustained decline in the market over a longer time. A downturn is characterized by a prolonged period of 

 conditions, often lasting for months or even years.

The market decline is typically shorter during a pullback, and it's often considered a normal and healthy part of any bear and bull 

. A pullback usually indicates an opportunity to accumulate assets at a discounted price. On the other hand, the decline is more pronounced during a downturn as the assets have mostly lost significant value due to negative market sentiment.

The Difference Between a Reverse vs. Reversal vs. Pullback

The terms "reverse," "reversal," and "pullback" all refer to changes in the direction of a market or an asset's price, but they take on slightly different connotations.

A "reverse" refers to a change in the direction of a trend. For example, if a cryptocurrency has been experiencing an uptrend (i.e., its price has been steadily increasing), a reverse would occur when the price starts to decrease. In this case, the trend has changed from an uptrend to a downtrend.

A "reversal" refers to a trend change expected to be sustained for longer. Most reversals are often a more enduring change in the market and are often seen as a confirmation of a new trend.

A "pullback" refers to a temporary decline in the price of an asset after a period of increase. Considered a normal part of a market cycle, pullbacks are less severe than a reversal, and the price tends to recover rapidly after a pullback.

While these terms are similar, they represent different scenarios — "reverse," and "reversal" often indicate that the market's direction has changed for the long haul. At the same time, "pullback" usually implies that the market's direction has temporarily changed and will return to its previous trend.

What Are The Pullback Trading Strategies? 

A pullback trading strategy entails buying assets at a lower price during temporary market drops. Most long-term investors would take advantage of short-term uncertainty while hoping to benefit from the long-term uptrend.

A stop-loss pullback trading strategy is a method of buying an asset after it has experienced a significant price drop, with the expectation that the asset's price will rebound. The idea is to buy the asset at a lower price after a temporary setback and then sell it for profit once the price has recovered.

, which is an order to sell an asset if its price falls to a certain level. A stop-loss order limits potential losses if the asset's price drops further after being purchased.

An investor notices that Bitcoin is trading at $10,000. The market sentiment turns bearish, and the price drops to $9,000 within a week. The investor then decides to buy Bitcoin at $9,000 with a stop-loss order at $8,500 (if the price reaches $8,500, the investor will automatically sell), with a target price of $9,500. After a couple of weeks, the market sentiment improves, and amidst positive news about the record institutional adoption of Bitcoin, the price reaches $9,500. The investor sells his holdings for a $500 profit.

A take-profit pullback strategy is a method of trading where an investor or trader sets a target price at which they will sell an asset to lock in profits. Traders typically use this strategy in conjunction with the pullback strategy. 

Once the asset reaches the target price or "take-profit" level, the investor or trader will sell the asset to lock in the profits. The idea behind this approach is to take advantage of market fluctuations to buy low while having a pre-determined plan to sell the asset once a certain profit level has been reached.

Here's an example of how a take-profit pullback strategy might work in practice:

A trader identifies a digital asset that they believe is undervalued and has strong long-term growth potential. The coin is currently trading at $50 per unit, but the trader thinks it may ultimately reach $70. The trader believes the digital asset's price is temporarily depressed due to market uncertainty and sets a take-profit price at $60. The trader uses a pullback strategy to buy the digital asset at $50 per unit. After a while, the coin price reaches $60 per unit, the trader sells it to lock in a $10 per unit profit. 

How to Enter a Market During a Market Pullback

Entering a market during a pullback can be an excellent way to buy assets at a discounted price. Here are ways of taking advantage of the pullback using Bitcoin as an example:

 The first step is to identify that a pullback is happening. You can look for a decline in the price of Bitcoin after a period of price increases. You can use charts and technical analysis tools to help you identify the pullback.

 Once you've identified the pullback, you'll want to determine key 

 levels. Support levels are prices where buyers are expected to step in and prevent further price declines. In contrast, resistance levels are price levels where sellers are expected to take profit, preventing further price increases.

 Once you've identified key levels, you can place entry orders at or near the support levels and stop-loss orders at or near the resistance levels. This allows you to buy the asset if it reaches the support level and will limit your losses if it reaches the resistance level.

: After placing your entry and stop-loss orders, you will wait for the order to be filled. The price of bitcoin may not reach your desired entry point, so you must be patient and wait for the right opportunity.

 Once you've entered the market, you'll want to monitor your investments closely to ensure that they perform as expected. Keep an eye on relevant news and events, and use technical analysis tools to help you stay on top of the market.

During a crypto pullback, one strategy could be investing in 

, well-established digital assets with a strong track record and a large market capitalization. These cryptocurrencies are less risky than other digital assets and can be a good option for those looking for more stability. Examples of blue-chip cryptocurrencies include 

 (NFTs) during a pullback. NFTs are unique digital assets stored on a blockchain, representing digital art, collectibles, real estate, virtual land, and many more. NFTs have been gaining traction, and a pullback could be an opportunity to invest in high-quality NFT projects with a strong track record and an established community.

Pullback trading in cryptocurrency involves buying an asset after a period of price decline in anticipation of a rebound in the asset's value. While pullback trading can be profitable, it is risky because cryptocurrency prices can be highly volatile and subject to various factors. 

Additionally, predicting the timing of a pullback and the subsequent rebound can be challenging. It is imperative to have a well-thought-out strategy and a solid understanding of the market before attempting to engage in pullback trading in the crypto ecosystem. 

What To Invest In During A Crypto Pullback?

Compete for 2,500 USDT Every Week

What To Invest In During A Crypto Pullback?

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT Every Week

Grab Up to 5,000 USDT in Rewards