Bitcoin (BTC<\/a>) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> followed BTC\/USD as it lingered below the $30,000 mark, now rapidly becoming resistance.<\/p>\n The pair had reached just shy of $31,000 before retracing, while the end of the traditional market trading week had been accompanied by fresh warnings<\/a> of a new macro low still to come.<\/p>\n #Bitcoin<\/a> – Looks like we might get the inverse H & S before going into the weekend. Hoping to see this 4h candle hold and see it push up. Then I’ll move stops in profit and let it ride during the weekend. 2% risk, 2% stop loss. pic.twitter.com\/lxRuk3M43G<\/a><\/p>\n \u2014 IncomeSharks (@IncomeSharks) May 14, 2022<\/a><\/p><\/blockquote>\n Not everyone stayed on the sidelines as the dust settled. On major exchange Bitfinex, long leverage continued expanding, having already hit all-time highs.<\/p>\n “Another day has passed and the Bitfinexors are still loading up as if someone has a gun to their head,” commentator Johal\u00a0Miles\u00a0reacted<\/a> alongside a chart showing the trend.<\/p>\n Attention nonetheless focused more on Blockchain protocol Terra\u2019s LUNA<\/a> token on the day.<\/p>\n Related:\u00a0BitKwonnect? \u2018Luna Brothers\u2019 moment sees Terra inflate token supply 3,500% overnight<\/a><\/em><\/strong><\/p>\n After losing practically all of its value in a week, LUNA saw a rebound which was tiny compared to its all-time highs above $100 but hugely lucrative for short-term traders.<\/p>\n Despite its supply ballooning to 6.9 trillion tokens, LUNA subsequently appreciated 100 times from its floor price on news that creator Terra had plans<\/a> to \u201crevive\u201d its ecosystem.<\/p>\n Faced with the price action, many were in disbelief.<\/p>\n (only need a few more 100x’s to get back to $1)<\/p>\n \u2014 Luke Martin (@VentureCoinist) May 14, 2022<\/a><\/p><\/blockquote>\n \u201cThe volatility on $LUNA is absolutely insane,\u201d Cointelegraph contributor Micha\u00ebl van de Poppe commented<\/a>, adding that it was a \u201cgreat weekend to scalp trade a little.\u201d<\/p>\n With trading already halted<\/a> on major exchange Binance, LUNA\/USD nonetheless remained a highly risky portfolio addition, with prices varying wildly minute to minute and between trading venues. <\/p>\n Those buying in on the majority of occasions through the week conversely faced near total losses on their positions.<\/p>\n I really don\u2019t think Luna is a buy and hold right now, it\u2019s a risky in and out play. I have no clue what\u2019s going to happen with it.<\/p>\n Be careful if you are trying to trade it!<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/41d2e1fe-ff51-424d-bca9-361ab818b97d.png\")
Bitfinex longs gather strength<\/h2>\n
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Terra plans spark frenetic LUNA moves<\/h2>\n
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