PANews February 21 News, 10 Research posted on X platform that the current structure of the crypto market is changing. The overall altcoin market remains fragile, Bitcoin is in an oversold zone, but at the same time, the market positions of crypto stocks and some selected altcoins are quietly shifting, with some assets beginning to outperform. Among them, Optimism (OP) is under pressure, with OP-USDT currently breaking below the 7-day and 30-day moving averages, indicating a bearish technical outlook, with a 24.4% decline over the past week. Additionally, the Base blockchain is gradually diverging from the OP Stack, which means their previous revenue-sharing partnership has ended. Optimism has officially launched its first monthly token buyback plan, committing to use 50% of the remaining Superchain revenue to repurchase OP on the open market. The liquidity staking protocol ether.fi has migrated all its non-custodial operations to the OP mainnet to leverage its enterprise-level scalability, providing some fundamental support for OP.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Forget M2: Treasury T-Bill Issuance Emerges as Bitcoin’s Strongest Macro Signal
_Bitcoin closely tracks shifts in U.S. T-bill issuance, more than M2 or Fed balance sheet changes._
For years, crypto investors relied on M2 money supply and Federal Reserve balance sheet data to predict Bitcoin’s direction. Liquidity expansion often aligned with rallies, while tightening
LiveBTCNews5m ago
Data: If BTC drops below $64,281, the total long liquidation strength on major CEXs will reach $1.706 billion.
ChainCatcher reports that, according to Coinglass data, if BTC drops below $64,281, the total long liquidation strength on major CEXs will reach $1.706 billion. Conversely, if BTC breaks through $70,977, the total short liquidation strength on major CEXs will reach $1.572 billion.
GateNewsBot25m ago
Bitcoin Bull Catalyst: AI Stocks Becoming ‘Silly Big’ Says Lyn Alden
Bitcoin (CRYPTO: BTC) could see a renewed leg higher if AI equities overheat, according to macroeconomist Lyn Alden. In a discussion with Natalie Brunell on the Coin Stories podcast published to YouTube on Thursday, Alden noted that AI stocks may peak, prompting a rotation into assets with more
CryptoBreaking25m ago
Metaplanet CEO Sees $60K Bitcoin Floor, Projects 'Dramatically Higher' Long-Term Prices
Bitcoin may have carved out a $60,000 floor as Metaplanet signals relentless accumulation and long-term upside, reinforcing conviction that volatility won’t derail its aggressive bitcoin-per-share growth strategy.
Metaplanet CEO Sees $60,000 Bitcoin Floor, Signals Ongoing Accumulation
Metaplanet
Coinpedia47m ago
Whale "pension-usdt.eth" Closes BTC and ETH Long Positions, Total Profit Reaches $23.93M
Gate News bot message, whale "pension-usdt.eth" has closed his $BTC and $ETH long positions with both of his wallets, making a total of $1.46M. Pension is now making an overall $23.93M.
GateNewsBot48m ago
Rich Dad: Bought a Bitcoin at 67,000 because the Federal Reserve is printing money like crazy, and BTC is almost mined out.
Robert Kiyosaki announces buying 1 Bitcoin at $67,000, citing the Federal Reserve's plan to print more money and the fact that Bitcoin is nearing full mining. Although he predicts Bitcoin will rise to $250,000, his crash prophecy has lasted for thirteen years, and market confidence in celebrity effects is also waning.
動區BlockTempo1h ago
