Blockchain Index

Bitcoin Technical Analysis: Key Levels to Watch

$BTC is trading at $95,462, down 8% in a week as selling pressure intensifies. The 50-day EMA at $102,940 confirms bearish momentum, while the RSI at 32.5 highlights oversold conditions, signaling potential for a rebound. Support levels at $93,139.52 and $89,657.52 are critical, with a breach likely pushing BTC toward $86,720. Resistance sits at $97,810 and $99,222.63, and clearing these could spark recovery momentum. Historical trends suggest consolidation often precedes major moves. Traders are advised to monitor volume and macroeconomic cues as BTC charts its next course.

Crypto Market Overview: Rollercoaster Week

The crypto market shed over $300 billion in capitalization this week as $BTC plummeted from $108K to $93K. The Fed’s hawkish stance, signaling a slowdown in rate cuts, triggered a massive sell-off across both crypto and traditional markets. BTC led the crash, dragging altcoins like $ETH (-16.75%), $SOL (-19.5%), and $DOGE (-23.3%) into the red. Despite short-term panic, long-term holders remain optimistic as historical corrections often precede strong recoveries. Over $1.3 billion in liquidations on Friday amplified the volatility. With BTC dominance at 55.3%, all eyes are on Bitcoin to stabilize sentiment.

Ethereum Technical Analysis: Eye on $4K

Ethereum dropped 16.75% this week, trading at $3,228.63, as Bitcoin’s crash rippled across the market. ETH failed to reclaim the $4K resistance, triggering a sell-off, but strong support at $3K has led to consolidation. On-chain data reveals an 8.5-year low in ETH exchange balances, signaling whale accumulation. The RSI at 32.42 indicates the market isn’t overbought, leaving room for a potential rebound. Ethereum’s Total Value Locked (TVL) of $50 billion underscores its dominance in DeFi. A breakout above $4K could ignite bullish sentiment, but macro factors will heavily influence short-term moves.

Bitcoin & Ethereum ETFs: Record Outflows 

$BTC spot ETFs reported a $680 million outflow on Thursday, marking the largest single-day withdrawal in history. $ETH spot ETFs followed with a net outflow of $60.47 million, signaling growing investor caution amid macroeconomic uncertainty. The sell-off ended a multi-week streak of net inflows, as the Fed’s hawkish tone spooked markets. Despite short-term outflows, ETF adoption remains a key driver for institutional engagement in crypto. Analysts expect demand to recover as macro conditions stabilize, reinforcing Bitcoin and Ethereum’s status as strategic assets.

Sol Strategies Expands Staking Operations

Sol Strategies is acquiring three Solana validators in a $6.5 million deal, increasing its total staked $SOL to 1.5 million SOL, valued at $400 million. This move strengthens its position as a leading infrastructure provider in the Solana ecosystem. The acquisition includes key assets from Orangefin Ventures, along with Max Kaplan, former Kraken engineering director, as the new head of staking. With annual yields near 9%, Sol Strategies is optimizing revenue streams and solidifying its validator operations. These developments enhance Solana’s network scalability and reliability, fostering ecosystem growth.