Chainalysis and the Celsius saga finally has some clarity. Most claims were rejected, but the “audit” lawsuit still has to continue.
The market isn’t doing much. BTC is hovering around 83,400, ETH around 2,680, and SOL at about 117—down nearly two points. The Fear & Greed Index is 74, still in the greed zone. Only about 30% of coins are up; fewer than 2% have risen more than 10% in 24 hours. It’s a classic low-volume, directionless move.
In situations like this, it’s easiest to get ambushed by news. This Celsius case has dragged on for so long; Chainalysis won most of it. The remaining “audit” litigation isn’t either huge or trivial, but don’t expect it to crash the market or send prices flying. What really matters to watch is the SOL 117 level. If it breaks down through 117, you could see prices test around 110. If it holds, it’ll likely just grind sideways. I’m leaning bearish for a pullback: if 117 breaks, I’d look for a short targeting around 110. The main risk is the broader market suddenly getting lifted by BTC.
Over on trending topics, QNT, NEAR, and MOVR are all moving, but none of them look worth chasing—just keep an eye.
Good thing I haven’t gone to sleep yet. If you all fall asleep, things might change when you wake up.
The market isn’t doing much. BTC is hovering around 83,400, ETH around 2,680, and SOL at about 117—down nearly two points. The Fear & Greed Index is 74, still in the greed zone. Only about 30% of coins are up; fewer than 2% have risen more than 10% in 24 hours. It’s a classic low-volume, directionless move.
In situations like this, it’s easiest to get ambushed by news. This Celsius case has dragged on for so long; Chainalysis won most of it. The remaining “audit” litigation isn’t either huge or trivial, but don’t expect it to crash the market or send prices flying. What really matters to watch is the SOL 117 level. If it breaks down through 117, you could see prices test around 110. If it holds, it’ll likely just grind sideways. I’m leaning bearish for a pullback: if 117 breaks, I’d look for a short targeting around 110. The main risk is the broader market suddenly getting lifted by BTC.
Over on trending topics, QNT, NEAR, and MOVR are all moving, but none of them look worth chasing—just keep an eye.
Good thing I haven’t gone to sleep yet. If you all fall asleep, things might change when you wake up.
