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
Bitcoin Remains Resilient as Iran-US Conflict Fuels Risk-Off Sentiment
Bitcoin has gained over 2%, defying a global risk-off sentiment sparked by the escalation of the US-Iran conflict that has seen most stocks plunge.
Analysts say it’s the best time to buy BTC as the US Fed is going to start printing billions of dollars to support the war, as it has in
CryptoNewsFlash9m ago
Bitcoin's circulating supply is about to surpass the 20 million milestone, with the final 1 million coins expected to be mined over the next 114 years.
Nearly 20 million Bitcoins have been mined, and this milestone is expected to be reached within 7 days. Currently, 95% of the total supply of Bitcoin is in circulation. According to the halving mechanism, 99% of Bitcoins will be mined before 2035, with the last one expected to be produced in 2105.
GateNews13m ago
Data: 200 BTC transferred from an anonymous address to Ceffu, valued at approximately $13.32 million
ChainCatcher reports that, according to Arkham data, at 17:40, 200 BTC (approximately $13.32 million) were transferred from an anonymous address (starting with bc1qnl6s5k3...) to Ceffu.
GateNews15m ago
The swing whale "pension-usdt.eth" has completed its position at an average price of $67,522. Currently, the BTC long position size has reached $66.5 million.
According to BlockBeats, the pension-usdt.eth address continued to increase its holdings after BTC fell below $68,000, completing a 3x leveraged long position with a position size of $66.5 million. Its strategy is short-term low-leverage trading, with cumulative profits exceeding $24 million since October last year.
GateNews15m ago
Bitcoin Investors Face Loss, Market Shows Signs of Stabilization
Most Bitcoin investors from the last two years are in loss, but this could signal buying opportunities for disciplined traders.
Short-term holders are showing patience despite geopolitical tension, suggesting panic selling may be fading.
Monitoring exchange inflows is key—declining losses h
CryptoFrontNews24m ago
