One group says a deeper bear market is forming. The other says the correction already looks like late-stage weakness. This piece focuses on the second group. Several telltale readings now hint that the crypto bull market could start sooner than expected. Or maybe it’s just the universe messing with us.
Japan’s Bond Yields Trigger Shockwaves
Behold, the technical signs-ah, they whisper of a reversal, as though the market were a fickle lover who promises marriage but delivers only a loaf of bread. Analysts, those modern-day prophets, watch with bated breath, their eyes gleaming like coins in a dark alley. 🕵️♂️
Unlikely, darling. With a market that’s about as calm as a cat in a room full of rocking chairs, XRP’s current sluggish dance hints that the ETF’s fireworks might be more whimper than bang. 🎆🐦
Coinbase Premium Gap, once a proud figure, now slumming at -$90. Per CryptoQuant, this is U.S. investors’ way of saying, “Pass the smelling salts, I’ve fainted.” Selling pressure? More like a stampede of panicked penguins in a crypto snowstorm. 🐧
Apparently, this was all part of their routine portfolio rebalancing, which is corporate code for “charge headfirst into chaos, as per usual.” Meanwhile, the market’s chorus of crying meow continuously signals that crypto stocks are as popular as a fart in an elevator – BMNR, for example, is down by 9.52%, now trading at $29.18, perhaps contemplating its life choices. BLSH took a 3.63% tumble to $36.39, and CRCL closed at $69.72 after an 8.98% nosedive. Share prices are tumbling faster than a sumo wrestler in a bathtub, yet Ark Invest’s mammoth purchase says, “Yes, please, more dips!”
With a new 39 MW of critical IT power (because all that crypto needs a lot of juice) and Google backing Fluidstack with a cool $333 million, Cipher plans to fund their Netflix-level buildout with debt and about $118 million from their own secret stash. The projections look so good, they practically glow: 85-90% net operating income margin, and project costs of only $9-10 million per MW. Who knew that crypto computes could be so charming?
Well, folks, Plume, that modular RWA-focused layer 2 blockchain (yes, that’s a mouthful), made an announcement this Wednesday. And guess what? Tokenization titan Securitize has decided to broaden its DeFi horizons by launching institutional-grade assets on Plume’s Nest staking protocol. Now, that’s how you expand your footprint in the digital age.
These Class B shares, priced at 900 yen ($5.71) each, offer a fixed annual dividend of 4.9% on a notional amount of $6.34, translating to a modest $0.078 per quarter. Holders, should they so desire, may convert these preferred shares into common stock at a conversion price of $6.34. Yet, let it be known, the company retains a market-price call option, exercisable should the stock trade above 130% of the liquidation preference for twenty consecutive trading days. Non-voting, yet endowed with redemption rights under specific circumstances, these shares are indeed a curious instrument. 📈📉
According to the sagacious analyst, Ali Martinez, whose acumen in blockchain matters is beyond reproach, wallets of substantial means-holding between 1 million and 10 million XRP-have parted with a staggering 190 million tokens in the span of two days. This diminution in supply from such august wallets doth coincide with XRP’s recent plunge to a mere $2 on most exchanges. A lamentable state of affairs, indeed! 😱
