🚨 $BTC has never been below Fire Sale for this long and it's normal. Observe how its high point decreases; first above the red zone then on top then below and next time it will probably be below. Don’t look for complicated and be pragmatic. Bottom is not in. #BTC Price Analysis# #Bitcoin #BTC
With a decrease in the protocol's revenue due to the low volume of a late bear market and some unlocks at the end of the month, I think visiting $45 to respect the structure is probable.
Nothing broken yet, but risk/reward is clearly skewed to the downside from here.
$ETH Foundation researcher Justin Drake announces the EF is dropping Poseidon in favor of SHA or BLAKE hashes. He calls it a milestone for post-quantum security on Ethereum.
⚡️ A routing fault at hosting provider Teraswitch knocked nearly 29% of staked $SOL offline on Wednesday, just shy of the 33% threshold at which Solana halts block finalization.
🔥 Bitwise CIO Matt Hougan says crypto is entering a revenue-driven era, with protocols like $HYPE , Uniswap, and Aave funneling revenue into buybacks and burns. He argues token prices haven't caught up to that shift yet.
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Compared to its #1 public competitor RKBL, trading at 60-68x on a much smaller revenue base, SpaceX clearly commands a premium (dominance + Starlink + AI).
Even with that premium, I think the valuation is simply too high.
Waiting for an ideal technical sell zone, currently ~$150, which would put the valuation at ~$2.0T and P/S at ~86x.
My personal fair value: $1T (roughly ~$76).
I'll re-check the fundamentals at every step to confirm nothing's changed.