It’s still necessary to review the “four big dip-buying” crypto stocks this time. Although these four are highly correlated with BTC’s行情, they’re also internally differentiated. I’m now even more familiar with the nature of these four.
1. For example, $CRCL , which hit its high point right around the mainnet launch, and also has been most affected by the crypto legislation. This round of price gains hasn’t kept up (the prior high was $100). After the mainnet launch, some of the position should likely be exited, rather than buying it all at once.
2. Robinhood $HOOD follows a similar logic. It hasn’t yet risen past the previous high of $120. Earlier, the chain hype had already priced in part of the upside, so buying the dip is even more cautious.
3. MicroStrategy $MSTR , besides being highly correlated with the Bitcoin price, the most crucial factor is their cost basis: $75,412. Only if it breaks below this price will it truly be a breakdown. Otherwise, the trend has always been stronger than BTC—and it has been the best performer in this rebound, breaking above the previous high.
4. Coinbase COIN has the biggest impact from regulatory-related events, and it also has a strong correlation with CRCL. Because a significant portion of its revenue comes from Circle, it has basically already climbed back to its original high.
In short: for positions strongly tied to Bitcoin, choose MSTR. If you’re betting that next year’s crypto legislation gets approved, buy CRCL and COIN. And the view is that the RWA boom and the Robinhood-chain narrative are the “SOL buy HOOD” of this cycle.
In terms of upside elasticity (rising a lot and falling a lot), the order is CRCL>COIN>MSTR>HOOD. MSTR is the most certain, while HOOD has the strongest fundamentals.
1. For example, $CRCL , which hit its high point right around the mainnet launch, and also has been most affected by the crypto legislation. This round of price gains hasn’t kept up (the prior high was $100). After the mainnet launch, some of the position should likely be exited, rather than buying it all at once.
2. Robinhood $HOOD follows a similar logic. It hasn’t yet risen past the previous high of $120. Earlier, the chain hype had already priced in part of the upside, so buying the dip is even more cautious.
3. MicroStrategy $MSTR , besides being highly correlated with the Bitcoin price, the most crucial factor is their cost basis: $75,412. Only if it breaks below this price will it truly be a breakdown. Otherwise, the trend has always been stronger than BTC—and it has been the best performer in this rebound, breaking above the previous high.
4. Coinbase COIN has the biggest impact from regulatory-related events, and it also has a strong correlation with CRCL. Because a significant portion of its revenue comes from Circle, it has basically already climbed back to its original high.
In short: for positions strongly tied to Bitcoin, choose MSTR. If you’re betting that next year’s crypto legislation gets approved, buy CRCL and COIN. And the view is that the RWA boom and the Robinhood-chain narrative are the “SOL buy HOOD” of this cycle.
In terms of upside elasticity (rising a lot and falling a lot), the order is CRCL>COIN>MSTR>HOOD. MSTR is the most certain, while HOOD has the strongest fundamentals.