Bitcoin’s continuous price slump finally came to a halt after the asset plunged to $78,000, and it has managed to recover about seven grand since then. The altcoins are also well in the green today, with substantial gains from almost all of them. BTC Rebounds $7K It was a violent week , to say the least, for bitcoin and the entire crypto market. The primary digital asset challenged $100,000 the previous Friday but was quickly rejected after the hack against Bybit. The weekend was calmer, but the business week turned sour once again. By Tuesday, bitcoin had lost over ten grand since the weekend and more than $13,000 since Friday in a price slump to $86,000. After a minor dead-cat bounce to $89,000, the bears returned with another leg down that drove BTC to $82,000 on Thursday. The most painful decline came on Friday morning as the cryptocurrency plunged below $80,000 and all the way down to $78,200 (on Bitstamp), which became the newest three-month low and made February 2025 the worst in over a decade . Many industry experts warned that the worst is yet to come and that BTC could drop to $70,000 over the weekend. However, that hasn’t been the case so far. Just the opposite, BTC stands close to $85,000 after regaining $7,000 since yesterday’s low. Its market capitalization remains below $1.7 trillion, while its dominance over the alts is close to 58% on CG. BTCUSD. Source: TradingView Alts in Recovery Mode The alternative coins went through some massive crashes within the same timeframe but are well in the green on a daily scale now. Ethereum is above $2,200 after a 5% increase since yesterday, while BNB has neared $600 following a 4% surge. Ripple’s native token defended the $2 level and is up to $2.17 now after gaining 8%. More impressive price increases come from SOL (10%), DOGE (9.5%), ADA (7.5%), SUI (9%), and XLM (15%). HBAR, APT, BCH, ONDO, and TRUMP have also charted notable double-digit price gains since yesterday. The total crypto market cap has recovered roughly $200 billion and is up to $2.9 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Recovers $7K Following Dump Below $80K, Ripple Gains 8% (Weekend Watch) appeared first on CryptoPotato .
Solana (SOL) has been making waves in the crypto market due to its high demand, price rallies, and some downtrends. Recently, altcoin faced one of the biggest declines in the broader crypto market crash. More is at risk, with whale moving $516M SOL to the Coinbase Prime exchange, raising fears of a potential sell-off. With it already facing resistance, let’s discuss the potential impact of this massive whale activity. Whale Transfers Shake Solana Market Amid Price Recovery Amid the broader crypto market downturn, the Solana price crashed to a multiple-month low of $126.11. With a 15% recovery over the last 24 hours, investors are eyeing a recovery, especially given the rising investor interest and high open interest of $4.63B per Coinglass data. However, the on-chain data reveals that whales were constantly on the move earlier for buying the dip and now for the profits. Recently, one Solana whale bought $14 million worth of SOL, withdrawing it from Binance and staking the tokens. However, other whales are on the opposite side, eyeing a profit on the recent recovery. This is because the on-chain data analytics revealed several large transactions of whales moving SOL to the Coinbase Prime exchange. This includes five whale accounts unstaking 5.52M SOL, worth $810M, and depositing $516M to the Coinbase Prime, fueling speculation that major whales are looking to offload their holding. This move can either take profit or hedge against a potential downturn as $2.06 billion worth of token unlocks to happen today. Solana Price Under Pressure: Will It Crash? The Solana whale transactions indicate that a potential sell-off might take place. More importantly, this could build selling pressure as the SOL price struggles to recover. Such selling can also introduce downward pressure, resulting in further declines. Additionally, the FTX distribution would add 2.2% supply (more than $1 billion SOL) to the Solana network, making it one of the biggest unlocks. Such events increase the liquidity of the token, impacting the price on a short-term basis. More unlocks are expected in the upcoming months, so the price can face turbulence. However, as the trading volume is 28% up to $6.4B and OI surged, this indicates investors building confidence. More importantly, it is unclear when the whale will sell, so that the impact may vary significantly. Key Levels to Watch Despite a significant recovery, the Solana price is struggling to maintain its bullish momentum. At the time of writing, it hovers around crucial support levels, trading at $143.91 with a market capitalization of $72.98B. The whale moves are building selling pressure around the token, and if this pressure intensifies, the price could drop to the $100 psychological level. The SOL price might crash to $70 in the worst-case scenario. In contrast, it might surge to $180 if the buyers stepped in. Therefore, $180.28, $201.47, and $206.75 are key resistance levels to watch. Bottom Line With the recent market crash, the whale activity is in its prime, either for buying the dip or taking the most profit. Five Solana whales also unstaked and deposited $516M of SOL tokens on an exchange. The SOL price might witness a temperory downtrend if they sold these due to increased selling pressure. Investors must monitor the whale movement, SOL token unlocks, and the key support level for better Solana price prediction analysis. The post Solana Whales Move $516M Tokens to Exchange – Will SOL Price Crash? appeared first on CoinGape .
Most altcoins, including Ripple (XRP), look strong and have not followed Bitcoin (BTC) in its recent crash. XRP price action also looks good on the daily chart, hinting at a reversal amid rising whale activity and positive skew. Moreover, many analysts expect Bitcoin to pause its crash over the weekend and potentially recover, adding credence to a Ripple (XRP) price rally that could hit $3 over the weekend. XRP Price Recovers as Bitcoin Selloff Pauses The selloff that weighed on Bitcoin’s price this week has cooled. BTC is back above $85,000, and most altcoins are trading in the green today. The global crypto market cap has also surged by more than 7% within 24 hours, hitting $2.93 trillion in market capitalization. Crypto Market Cap Crypto markets are historically more volatile on weekends due to lower liquidity. This can cause wild swings in either direction. Therefore, as traders bought the dip, it triggered a recovery for Bitcoin and altcoins . These market-wide gains have boded well for XRP price, which trades at $2.20 today with a 9% gain in 24 hours. Derivatives trading data and whale activity suggest that XRP price may extend this rally and potentially recover past $3. XRP Derivatives Trading Data Shows a Positive Skew The XRP order book shows that Ripple has flashed a bullish signal as traders place more bids (buy orders) than asks (sell orders). Moreover, there is a significant bid skew that is within 50% of XRP’s current price, suggesting traders are willing to buy at higher prices. This imbalance shows that demand for XRP is currently high, making it more likely for the price to rise rather than fall. According to analyst DOM on X, this bid skew has only happened 4 times over the past year. Each time it has happened, the XRP price registered a strong rally. XRP Bid Skew If Ripple price were to repeat this historical pattern and the bid skew proves to be another bullish signal, it could stir a rally towards $3 over the weekend. Ripple Whale Activity Flashes a Buy Signal Whale activity is crucial in determining accumulation and distribution phases and after the recent drop in XRP price, the altcoin may have entered another accumulation phase. Looking at past trends, a sharp drop in XRP price has often signaled a buying opportunity for whales. At the same time, a price rally has led to XRP whales selling . If this pattern repeats itself, these large addresses may start buying the bottom, which is likely to drive the price up. XRP Whale Activity However, if Ripple price continues to show weakness, whales may remain hesitant until the altcoin establishes a local bottom where these large addresses will start buying. Can XRP Price Reach $3? XRP can continue to rally and reach $3 if Bitcoin continues to recover and averts another selloff. Additionally, other catalysts like an end to the SEC vs. Ripple case could stir a 300% gain for XRP price in March . Analyst CRYPTOWZRD notes that XRP price has established support at $2. After bouncing from this level, traders can expect more upside past $2.80 to the next major target of $3.65. XRP/USDT: 1-day chart However, Ripple price is likely to continue tracking Bitcoin in the near term. Therefore, until Bitcoin establishes a strong support level within the $80K – $90K zone, XRP may continue experiencing wild swings. The post Can Positive Skew, Whale Activity Push XRP Price to $3 as Bitcoin Selloff Pauses Over the Weekend? appeared first on CoinGape .
A popular crypto strategist says that the altcoins currently showing market strength despite Bitcoin’s ( BTC ) downturn may spearhead the next digital asset rally. Pseudonymous analyst Credible Crypto tells his 463,000 followers on the social media platform X that payment tokens Litecoin ( LTC ) and XRP may soon be top market performers as they hold key support levels above recent low prices despite Bitcoin’s price collapse this week. “At this time, for the the first time in a while, select alts are holding their own against prior lows while BTC has nuked below its own relative range lows. Look for those alts that have held their relative lows on this drop; they may be the ones to lead the next rally. Great examples at the moment are LTC and XRP (you seeing a theme here?).” LTC is trading for $127 at time of writing, up marginally in the last 24 hours. Meanwhile, XRP is trading for $2.15 at time of writing, down 1.6% on the day. The analyst also says that Bitcoin may trade sideways in the coming days before a breakout. “BTC tagged $79,000 and we are now seeing some relief. Only two levels that really matter from my perspective at the moment: local supply at $94,000-$99,000 and high timeframe demand just under $74,000. I suspect we form a base between these two levels over the coming days before a full-on reversal.” Source: Credible Crypto/X Bitcoin is trading for $85,070, up fractionally in the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post The Altcoins Resisting Bitcoin’s Price Downturn Could Lead the Next Rally, Says Analyst – Here Are His Top Picks appeared first on The Daily Hodl .
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Earlier today, Bitcoin (BTC) dropped below $80,000 for the first time in over three months. According to data from Binance, BTC hit a low of $78,258, filling the Chicago Mercantile Exchange (CME) gap between $78,000 and $80,000. Bitcoin Fills CME Gap, Is It Time For Rebound? With today’s dip, BTC has now filled every CME gap since March 2024. At the time of writing, the leading cryptocurrency is trading in the low $80,000 range. Related Reading: Bitcoin Hits Its Most Oversold Level Since August 2024 – Is A Rebound Coming? For the uninitiated, the CME gap refers to the price difference that occurs on the CME Bitcoin futures chart between Friday’s closing price and Monday’s opening price, as CME does not trade on weekends. These gaps are often filled later as Bitcoin’s price naturally retraces to these levels, acting as key support or resistance zones. A new CME gap has now emerged due to the ongoing market sell-off, triggered by US President Donald Trump’s confirmation that trade tariffs on Canada, China, and Mexico will take effect on March 4. According to crypto analyst Rekt Capital, the new CME gap lies between $92,800 and $94,000. If past data is anything to go by, this new CME gap may work as a price magnet, pulling BTC upward and initiating a bullish trend reversal. For example, back in January 2021, BTC filled a CME gap between $29,410 and $33,050. After filling the gap, BTC continued to dip further, before surging to as high as $40,000. That said, macroeconomic and geopolitical factors remain significant. The US Federal Reserve (Fed) and Trump continue to clash over interest rate policies. While the Fed has maintained that it is in no rush to cut rates, Trump has repeatedly called for immediate reductions. However, positive inflation data could pressure the Fed to accelerate rate cuts. According to an X post by The Kobeissi Letter, January’s PCE inflation – the Fed’s preferred measure – aligned with its projection of 2.5%. Similarly, core inflation – which measures the change in consumer prices excluding volatile items like food and energy – was in-line with expectations of 2.6% as well. However, data from CME FedWatch suggests that the Fed is likely to keep interest rates unchanged at the March 19 FOMC meeting. Is The BTC Bottom In? Although BTC has fallen nearly 20% over the past month, some analysts believe further downside may still be ahead. A recent forecast from Standard Chartered suggests BTC could decline another 10% before finding support. Related Reading: Is Bitcoin Showing Early Signs Of Bullish Divergence? Analyst Explains However, there are also signs that BTC may be forming a local bottom. Crypto analyst Ali Martinez noted that sell-side pressure is easing, which could indicate that BTC is stabilizing. Additionally, the Cryptoasset Sentiment Index recently flashed a strong contrarian buy signal, further hinting at a potential price floor for BTC. At press time, BTC trades at $83,508, down 2.5% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
It's been a chaotic few hours in the memecoin market, with politically-driven surges and deepening bearish momentum.
Is the crypto market currently favoring Bitcoin, or are altcoins taking the lead? The answer, according to the latest CoinMarketCap data, leans heavily towards Bitcoin. The Altcoin Season Index , a key indicator for gauging market sentiment, has signaled a definitive shift. Let’s dive deep into what this means for you and the broader cryptocurrency landscape. What is the Altcoin Season Index and Why Should You Care? The Altcoin Season Index is not just another metric; it’s a compass for navigating the volatile crypto seas. Think of it as a barometer that tells you whether the market winds are blowing in favor of Bitcoin or altcoins. Measured by CoinMarketCap , this index provides a score from 1 to 100, reflecting the comparative performance of altcoins against Bitcoin. Here’s a breakdown of what the index signifies: Altcoin Season (Index above 75): When the index surges above 75, it indicates a vibrant ‘Altcoin Season’. This is when at least 75% of the top 100 cryptocurrencies (excluding stablecoins and wrapped tokens) have outperformed Bitcoin over the past 90 days. It’s typically a period of heightened excitement and potentially higher returns in altcoins. Bitcoin Season (Index below 25): Conversely, when the index dips below 25, we enter ‘ Bitcoin Season ‘. This signifies that Bitcoin is dominating the market, with 75% or more of the top 100 altcoins failing to keep pace with its performance. This often suggests a flight to safety or renewed confidence in Bitcoin’s market leadership. Neutral Territory (Index between 25 and 75): An index value between 25 and 75 suggests a more balanced market, where neither Bitcoin nor altcoins are overwhelmingly dominant. Currently, the Altcoin Season Index stands at a mere 21 (as of March 1st, 00:45 UTC), a slight decrease from the previous day’s 22. This reading firmly places us in Bitcoin Season . But what does this mean in practical terms? Bitcoin Season in Full Swing: What Does it Actually Mean for the Crypto Market? A Bitcoin Season , as indicated by the Altcoin Season Index , isn’t necessarily a negative event for the crypto market as a whole. It simply signals a shift in market focus and capital flow. Here’s what typically happens during a Bitcoin Season : Bitcoin Dominance Increases: Capital tends to flow back into Bitcoin, often considered a safer and more established cryptocurrency, leading to an increase in Bitcoin’s market dominance. Altcoin Volatility and Potential Correction: Altcoins may experience increased volatility and potentially face price corrections as investors reallocate funds to Bitcoin. Focus on Bitcoin Fundamentals: Market attention often shifts towards Bitcoin’s fundamentals, such as network upgrades, institutional adoption news, and macroeconomic factors influencing Bitcoin’s price. Opportunities in Bitcoin Trading: Traders and investors might find more lucrative opportunities in Bitcoin trading during this period, capitalizing on its relative strength and momentum. However, it’s crucial to remember that the crypto market is dynamic. Bitcoin Season is not necessarily permanent, and market conditions can change rapidly. Navigating the Crypto Market During Bitcoin Season: Actionable Insights So, how can you navigate the crypto market effectively when the Altcoin Season Index points to Bitcoin Season ? Here are some actionable insights: Re-evaluate Your Portfolio: Assess your current crypto portfolio and consider your risk tolerance. A Bitcoin Season might be a good time to rebalance your portfolio, potentially increasing your Bitcoin holdings or taking profits from altcoins that have underperformed. Focus on Bitcoin Analysis: Pay closer attention to Bitcoin’s price charts, on-chain metrics, and market sentiment. Understanding Bitcoin’s movements is key during this phase. Selective Altcoin Investing: While it’s Bitcoin Season , not all altcoins will necessarily underperform. Look for fundamentally strong altcoins with unique use cases, strong development teams, and growing adoption. These might still offer opportunities even in a Bitcoin-dominant market. Manage Risk Carefully: Increased volatility can be expected in both Bitcoin and altcoins. Implement robust risk management strategies, such as setting stop-loss orders and diversifying your portfolio (even within Bitcoin and select altcoins). Stay Informed and Adapt: The crypto market is ever-evolving. Continuously monitor the Altcoin Season Index , market news, and on-chain data to adapt your strategies as market conditions change. Is Altcoin Season Over? Understanding Market Cycles The dip in the Altcoin Season Index to 21 raises the question: Is altcoin season definitively over? While the current reading strongly suggests a Bitcoin Season , it’s essential to understand that crypto markets operate in cycles. Just as Bitcoin Season emerges, altcoin season will likely return in the future. Market cycles are influenced by a multitude of factors, including: Market Sentiment: Overall optimism or pessimism in the crypto market significantly impacts capital flow between Bitcoin and altcoins. Technological Developments: Breakthroughs in blockchain technology, new project launches, and protocol upgrades can trigger shifts in market focus. Regulatory Landscape: Changes in regulations can impact investor sentiment and market dynamics, influencing the performance of both Bitcoin and altcoins. Macroeconomic Factors: Global economic conditions, inflation rates, and interest rate policies can also play a role in shaping crypto market cycles. Therefore, while the Altcoin Season Index currently indicates Bitcoin Season , it’s not a permanent state. Savvy investors understand these cycles and position themselves to capitalize on both Bitcoin Season and the eventual return of altcoin season. Conclusion: Decoding the Altcoin Season Index for Crypto Success The Altcoin Season Index is a powerful tool for understanding the ebb and flow of the crypto market. Currently signaling a definitive Bitcoin Season , it highlights a period where Bitcoin is outperforming the majority of altcoins. By understanding this metric and its implications, you can make more informed investment decisions, adapt your strategies to changing market conditions, and navigate the exciting, yet often unpredictable, world of cryptocurrencies. Remember, staying informed and agile is key to long-term success in the crypto space. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Is Wall Street missing a trick in the crypto world? CryptoQuant CEO Ki Young Ju has ignited a firestorm of discussion by proclaiming that Strategy stock (MSTR), formerly MicroStrategy, is significantly undervalued . This isn’t just casual market chatter; it’s a strong statement from a respected figure in blockchain analytics, hinting at a potentially lucrative opportunity for savvy investors. Let’s dive deep into why Ki Young Ju believes Strategy stock is a steal and what this could mean for the future of crypto-related investments. Why Does CryptoQuant CEO See Strategy Stock as Undervalued? Ki Young Ju, the head honcho at CryptoQuant CEO , didn’t mince words. His recent post on X (formerly Twitter) stating that Strategy stock is undervalued has sent ripples through both the crypto and traditional finance communities. But what’s the rationale behind such a confident assertion? It stems from a comparison with the tech titans known as the “Magnificent 7” and a deep understanding of Strategy ‘s unique position in the market. Here’s a breakdown of the key factors fueling this undervalued crypto narrative: Bitcoin Exposure: Strategy , under the leadership of its former CEO Michael Saylor , has become synonymous with Bitcoin. It holds a massive amount of Bitcoin on its balance sheet, making it a publicly traded company with significant exposure to the leading cryptocurrency. As Bitcoin’s price fluctuates, so does the perceived value of Strategy . Magnificent 7 Comparison: Michael Saylor himself alluded to the potential of Strategy surpassing even the “Magnificent 7” – a group comprising Nvidia, Apple, Microsoft, Meta Platforms, Amazon.com, Alphabet, and Tesla. These companies are market giants, but Saylor’s bold claim suggests he sees Strategy on a similar trajectory, especially considering its Bitcoin strategy. Market Perception Lag: The traditional stock market may not fully grasp the implications of Strategy ‘s Bitcoin-centric approach. This lag in understanding could be contributing to the stock being undervalued . CryptoQuant CEO ‘s statement might be a wake-up call for investors to re-evaluate Strategy in the context of the evolving digital asset landscape. Potential for Bitcoin Upside: If you believe in the long-term potential of Bitcoin, then Strategy stock becomes an indirect, yet accessible, way to gain exposure in the traditional stock market. Should Bitcoin’s value surge, Strategy ‘s holdings would appreciate significantly, potentially driving its stock price upwards. This future growth potential might not be fully priced in currently, leading to the undervalued assessment. At the close of trading on Friday, Strategy ’s stock price (MSTR) stood at $255.58. Is this price point truly reflective of the company’s potential, especially considering its massive Bitcoin holdings and the bullish outlook from figures like CryptoQuant CEO and Michael Saylor ? Decoding Michael Saylor’s “Magnificent 7” Challenge Michael Saylor , the visionary behind Strategy ‘s bold Bitcoin adoption, has never been one to shy away from ambitious statements. His post, “you need a @Strategy to beat the Magnificent 7,” isn’t just marketing bravado. It’s a calculated assertion rooted in his belief in Bitcoin’s transformative power and Strategy ‘s unique positioning. Let’s unpack what Michael Saylor might mean by this challenge: Beyond Tech Growth: The “Magnificent 7” are predominantly tech companies, driven by innovation in software, hardware, and digital services. Saylor might be suggesting that the next wave of significant growth will be driven by digital assets and the companies strategically positioned within this space, like Strategy . Bitcoin as the Ultimate Asset: Saylor is a staunch Bitcoin maximalist. He views Bitcoin as the ultimate store of value and a superior asset class compared to traditional commodities and even some equities in the long run. By aligning Strategy so closely with Bitcoin, he’s betting on this long-term appreciation to outpace even the impressive growth of the “Magnificent 7”. A Different Kind of Value Proposition: While the “Magnificent 7” generate value through products and services, Strategy ‘s value proposition is intrinsically linked to Bitcoin’s performance. Saylor might be arguing that in an increasingly digital and inflation-conscious world, this form of value – tied to a decentralized, scarce digital asset – will become increasingly sought after and ultimately more valuable than traditional tech growth metrics alone. Disrupting the Status Quo: Saylor and Strategy are disruptors. They’ve challenged conventional corporate treasury management by embracing Bitcoin. This disruptive approach, Saylor implies, is the “strategy” needed to outperform even the most successful companies of the current era. While directly comparing Strategy to the “Magnificent 7” in terms of market capitalization and revenue might seem premature today, Michael Saylor ‘s vision is about future potential and the long game. CryptoQuant CEO ‘s undervalued assessment adds weight to this narrative, suggesting that the market might be underestimating Strategy ‘s long-term trajectory. Analyzing MSTR Stock: Is it Really Undervalued Crypto? To determine if MSTR stock truly represents undervalued crypto exposure, we need to look beyond the headlines and delve into some key analytical points: Bitcoin Holdings as a Primary Value Driver: Strategy ‘s value is heavily dependent on its Bitcoin holdings. Therefore, assessing Bitcoin’s future price trajectory is crucial when evaluating MSTR stock . Bullish on Bitcoin? Then MSTR stock might indeed be undervalued if Bitcoin’s potential upside isn’t fully reflected in the current stock price. Premium or Discount to NAV (Net Asset Value): Investors should analyze whether MSTR stock is trading at a premium or discount to its Net Asset Value, primarily driven by its Bitcoin holdings. An undervalued scenario would suggest a discount, meaning you’re getting Bitcoin exposure at a potentially lower price than buying Bitcoin directly (indirectly through the stock). Market Sentiment and Volatility: Both the crypto market and MSTR stock are known for volatility. Market sentiment can swing wildly, impacting valuations. Understanding the current market sentiment towards both Bitcoin and MSTR stock is essential to gauge if the undervalued perception is justified or merely a temporary dip. Company Performance Beyond Bitcoin: While Bitcoin is central, Strategy also has a software business. Analyzing the performance of this core business provides a more holistic view of the company’s financial health and potential beyond just crypto asset appreciation. A strong core business can further strengthen the argument for MSTR stock being undervalued . It’s crucial to remember that investing in MSTR stock is not the same as directly investing in Bitcoin. MSTR stock is subject to stock market dynamics, company-specific risks, and overall market sentiment, in addition to Bitcoin price fluctuations. However, for investors seeking Bitcoin exposure within the traditional stock market, MSTR stock , if truly undervalued as CryptoQuant CEO suggests, could present a compelling opportunity. Actionable Insights: Is Now the Time to Consider Strategy Stock? So, what should investors take away from CryptoQuant CEO ‘s bold statement and Michael Saylor ‘s ambitious comparison? Here are some actionable insights: Do Your Own Research (DYOR): Never rely solely on opinions, even from respected figures. Conduct thorough research on Strategy (MSTR), Bitcoin’s potential, and the overall market conditions. Understand the risks and rewards involved. Assess Your Risk Tolerance: Investing in MSTR stock , due to its Bitcoin correlation, carries inherent volatility. Ensure your risk tolerance aligns with the potential fluctuations in both the stock and crypto markets. Compare to Direct Bitcoin Investment: Consider if direct Bitcoin investment or exposure through other crypto investment vehicles better suits your portfolio strategy. MSTR stock offers a unique avenue, but it’s not the only one. Monitor Market Sentiment: Keep a close eye on market sentiment surrounding both Bitcoin and MSTR stock . News, regulatory developments, and broader economic trends can significantly impact valuations. Consult a Financial Advisor: If you’re unsure about incorporating MSTR stock or crypto exposure into your portfolio, seek advice from a qualified financial advisor. They can provide personalized guidance based on your financial situation and investment goals. Conclusion: The Undervalued Potential of Strategy Stock in the Crypto Era The assertion from CryptoQuant CEO that Strategy stock (MSTR) is undervalued is more than just market noise. It’s a compelling argument rooted in Strategy ‘s unique Bitcoin strategy, Michael Saylor ‘s visionary outlook, and the potential for the market to re-evaluate companies deeply intertwined with the burgeoning crypto asset class. Whether MSTR stock will truly “beat the Magnificent 7” remains to be seen, but the conversation sparked by CryptoQuant CEO highlights a crucial point: the lines between traditional finance and the crypto world are blurring, and opportunities, perhaps undervalued ones, are emerging for those who pay close attention. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
The post Whales Propel the Solana Price Beyond $145—Is it a Short-Term Rebound or a Start of a Fine Recovery? appeared first on Coinpedia Fintech News Solana gained huge attention, surpassing the activity of dominant chains like Ethereum. Meanwhile, the rising dominance of memecoins raised some concerns, as a couple of rug pulls adversely impacted the SOL price rally. The selling pressure escalated heavily over the token, which prevented the bulls from reviving a notable rebound. The SOL price experienced a strong upswing, preventing the token from dropping below a pivotal support zone at $133. Now the question arises: whether the latest rebound can be considered as a trend reversal or if it’s a trap laid for the bulls. One of the major reasons for the recent upswing is said to be a huge whale activity. As per the update shared by LookonChian, whales withdrew a massive amount of SOL from a popular CEX, Binance, worth over $7.5 million. https://twitter.com/lookonchain/status/1895496538488758713 With this, the SOL price quickly gained momentum as the market participants became hopeful of the next price action. The token surged above the psychological resistance at $145 but failed to clear the $150 range. Now, when the price is holding above the resistance-turned-support at $145, yet another whale activity occurred, which may circulate bearish clouds over the token. Lookonchain shared another update wherein 5 whale accounts unstaked 5.52 million SOL worth $810 million in the past 12 hours. Among them, 3.54 million SOL was deposited into Coinbase Prime. With this, the possibility of a major selling pressure hovers over the token, as whenever the whales move such a huge amount of crypto to CEXs, it heavily alters the value of the token. So, what’s next for the SOL price rally? Solana (SOL) Price Analysis The Solana price witnessed a massive pullback in the past few weeks that dragged the levels by more than 57% from the highs. Meanwhile, the whale accumulation is seen to have changed the trajectory of the token. However, the growth trajectory does not appear to be strong enough, which suggests that the SOL price may undergo an extended consolidation between $138 and $145 for a while. As seen in the above chart, the SOL price has triggered a rebound from the local lows close to $125. However, the upswing appears to be short-lived, as the bulls failed to push the price beyond the pivotal resistance but helped to keep up the trend above the pivotal support. On the other hand, the RSI displayed bearish divergence while the CMF failed to rise above 0, suggesting the bulls are holding significant strength regardless of the rebound. Being a little diverse, the MACD shows a drop in the selling volume while the levels are heading towards a bullish crossover. Therefore, the Solana (SOL) price is believed to remain consolidated for a while, and if the MACD undergoes a bullish crossover, the price could experience a notable rise. Until then, the token may remain within an accumulation phase.