Hunter Dilba

The next wave of value will not be driven by speculative frenzy, but by a sober assessment of technological resilience. 
The mid-2020s saw an extinction event for crypto called the Ragnarok event. It was a mix of regulatory assessments and systemic collapses that burned away the weak structures.
From what is left, the most important credential is survival. Emerging from the ashes is the scaling vision called Plasma that was eclipsed for many years, and has survived a deep re-evaluation. The revival of Plasma will not be based on nostalgia, but rather, whether its principles conform to the new and post-apocalyptic realities of the world that prioritize security and utility.
The new world will not value a desire for a decentralized universal computer, but rather, a value for the specialized and safe enclaves. In the world after Ragnarok, application-specific blockchains will be prioritized over generalized monolithic blockchains. In this new world, the focus for Plasma’s re-emergence and its ‘first’ design will be to create child chains that become independent and self-maintaining arenas that are all settled to the Ethereum base layer. In the context of institutional finance, tokenization of real world assets, and private enterprise logic, a Plasma chain will not only be the highest throughput self-sustaining ecosystem. It will also be the place where the ultimate security guarantee, i.e. the functional ability to exit privately and cryptographically to the root chain, is fully preserved.It offers scalability without giving up ultimate security.
It also provides a long-term focus on raw transaction speed on verifiable data integrity and delayed trust. The Ragnarok tragedies from gone central failure points made these features essential. Modern Plasma systems take into account years and iterations of fraud proofs and data availability and result in more improved systems. These systems respond to today's need for transparency and user control when security is a promise of the protocol.
Lastly, Plasma’s role in the new system won’t be based on a search for control, but on its suitability for a specific, essential function. It is unlikely to be the universal Layer 2 for everything. Instead, it is becoming the preferred structure for extremely secure digital spaces. Plasma is not going to be the winner of the scaling wars in 2026, but it will be the respected architect. Secure and sovereign systems will be built from its designs.

@Plasma $XPL #Plasma

Bitcoin (BTC) may form a bottom in the coming weeks as Tether’s (USDT) dominance retests a key resistance level that previously aligned with BTC’s 2022 cycle low.

Tether Dominance Tops and BTC Bottoms

As of February, USDT dominance reached the 8.50%–9.00% range, revisiting a historically significant zone. When Tether’s market share rises, traders are typically parking funds in stablecoins instead of riskier assets like Bitcoin. Conversely, a rotation back into crypto usually aligns with a decline in USDT dominance.

In November 2022, USDT dominance peaked in the 8.50%–9.00% zone as Bitcoin formed a multimonth bottom near $15,700. Once USDT dominance rolled over, BTC surged to above $31,000 by March 2024, nearly doubling while stablecoin dominance trended lower.

A similar pattern repeated in 2023–2024, when BTC gained nearly 200% a year after USDT dominance topped out. This suggests Bitcoin’s odds of bottoming soon may rise if USDT dominance does not exceed the 8.50%–9.00% range.

Bitcoin Chart Fractal Reinforces Bullish Scenario

BTC is also showing a familiar pattern on the weekly chart that has coincided with macro bottoms in the past. In February, BTC’s weekly RSI slipped below 30 (oversold), and price bounced after testing the 200-week SMA.

Historically, this combination has preceded multimonth price rebounds, including:

1,115% BTC rally in 2020–2021

~350% gains in 2018–2019

~8,500% price explosion in 2015–2017

Real Flows Support the Bottom Thesis

Large Bitcoin holders (“whales”) accumulated around 40,000 BTC as prices dipped below $60,000. Binance also added roughly $300M BTC to its SAFU reserve, and a fresh $90M BTC purchase was disclosed.

Bernstein analysts described the ongoing BTC pullback as the “weakest” in history, maintaining a $150,000 BTC target by end of 2026.