Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
10x Research: The altcoin market is fragile and bitcoin is oversold, but the position structure is quietly shifting

10x Research: The altcoin market is fragile and bitcoin is oversold, but the position structure is quietly shifting

金色财经金色财经2026/02/20 12:06
Show original
Jinse Finance reported that 10 Research posted on the X platform, stating that the current crypto market structure is undergoing changes. The overall altcoin market remains relatively fragile, and Bitcoin is in an oversold zone. However, at the same time, market positions in crypto stocks and some selected altcoins are quietly shifting, with some assets starting to outperform. Among them, Optimism (OP) is under pressure, with OP-USDT currently falling below the 7-day and 30-day moving averages, showing a bearish technical outlook and a 24.4% decline over the past week. In addition, the Base blockchain is gradually separating from the OP Stack, which means the previous revenue-sharing partnership between the two parties has ended. Optimism has officially launched its first monthly token buyback program, committing to use 50% of the remaining Superchain revenue to buy back OP on the open market. The liquid staking protocol ether.fi has migrated all of its non-custodial operations to the OP mainnet to leverage its enterprise-level scalability, providing some fundamental support for OP.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Supply disruptions ease, oil market bears “swiftly gather”: Brent put option bets surge to unprecedented levels

Oil traders are flocking to buy options, betting on a decline in Brent crude. As investors reposition after a sharp rise in oil prices over the past few trading sessions, bearish bets have surged to unprecedented levels.

智通财经2026/09/22 23:06
Supply disruptions ease, oil market bears “swiftly gather”: Brent put option bets surge to unprecedented levels

New York Federal Reserve official: U.S. Treasury purchases have no preset path, will closely monitor financing market pressures in October

Lorie K. Logan, head of the New York Fed's Markets Group, stated that the Federal Reserve will continue to assess the reserve levels within the banking system. The purchase of U.S. Treasuries for reserve management does not follow a predetermined path and may be adjusted in the future based on market conditions.

智通财经2026/09/22 22:26