Author: 行政

Hougan argues behavioural bias, particularly anchoring, is distorting how investors assess crypto today. Institutional adoption and regulatory shifts suggest financial markets are increasingly migrating onchain. The disparity between traditional asset markets and tokenised assets highlights potential mispricing. A wide gap has opened between how investors perceive crypto and what is unfolding on the ground, according to Bitwise CIO Matt Hougan. He argues that the richest sources of alpha often stem from behavioural errors rather than fundamentals alone. He points to anchoring bias – the tendency to cling to initial impressions – as a recurring driver of mispricing in financial markets.…

A solo Bitcoin miner earned a $200,000 block reward after solving block 938,092 using a rented setup that cost only $75. The miner utilised CKPool and rented 1 petahash per second of computing power, a “lottery-style” win that occurs roughly every 17 days for solo miners. The success highlights a rare profit for small-scale miners while industrial operators face pressure from falling prices and high production costs. A solo Bitcoin miner recently earned the full 3.125 BTC block reward, worth about US$200K (AU$282K), after independently validating a Bitcoin block using a small-scale setup and rented computing power. The miner solved…

Bitcoin spent the last two days sliding down a familiar set of shelves, and the order book kept printing lower bids as liquidity thinned.By this morning, it sat at $63,214, a level that places the price inside the lower band on my two-year channel map.Bitcoin price action Related ReadingBitcoin to $73k? Be prepared with the price levels to watch during a bear marketThe bottom of the next Bitcoin bear market could be lower than we want to admit. Nov 19, 2025 · Liam ‘Akiba’ Wright The receipts are straightforward, and the consequences sit inside the structure.Over the last 24 hours,…

Bitcoin is heading toward an uncomfortable milestone, a potential fifth consecutive monthly decline if February closes in the red, and the setup is starting to look less like a crypto-specific drawdown and more like a macro-driven repricing.This five-month losing streak would be notable in the post-ETF era and would also be Bitcoin’s longest stretch of monthly declines since 2018, when it posted six consecutive down months during the bear market.At under $63,000, BTC is down by almost 20% this month, which is its largest monthly drawdown since June 2022.Bitcoin Monthly Returns Since 2018 (Source: CoinGlass)However, the negative price streak itself…

BNB coin struggles below $600 as regulatory noise clouds short-term sentiment. Falling stablecoin reserves point to weaker liquidity and cautious traders. A key Binance coin price support sits near $573, while bulls must reclaim $597 to regain momentum. Binance Coin (BNB) is under pressure as the broader crypto market flashes mixed signals. As the BNB coin continues to fall, recent exchange data from CryptoQuant shows that stablecoin reserves held on the Binance crypto exchange have fallen to their lowest levels in several months. Falling stablecoin reserves raise liquidity concerns Stablecoins are often treated as dry powder in the crypto market.…

As Bitcoin trades in the low-$60,000s, the ledger shows nearly half of holders are sitting on losses.Newhedge’s percent supply in profit gauge shows 51.78% of coins are in profit with BTC around $63,275, implying roughly 10.35 million BTC in profit versus 9.64 million BTC in loss.However, this weekend, analyst DurdenBTC’s supply in profit tracker had flagged an even harsher read: 44.2% of coins were in profit when Bitcoin was still holding $68,000, a 0th-percentile reading.That number carries a specific kind of weight. It compresses years of market habit into a single percentage and frames the current scenario as a balance-sheet…

Monero price hovered above $327 and was up nearly 4% as Bitcoin bounced above $63,700. XMR faces fresh downward risks if bearish sentiment continues. The privacy coin could retest support at $265 or lower. Monero (XMR) traded around $327 as intensifying downward pressure threatened a bearish flip for the privacy coin alongside most top altcoins in the market. While the token ranked among the top intraday gainers during US trading hours on Tuesday, its uptick in the past 24 hours was just 4%. Selling pressure has recently capped gains around $340-$360. XMR price today Losses to the psychological support level…

Terraform lawsuit vs Jane Street puts Terra Classic (LUNC) in focus. Terra Classic (LUNC) shows technical resilience, eyeing $0.00003925 short-term. 2026 price range is expected to be between $0.0000242 and $0.000510. The price of Terra Classic (LUNC) has been under the spotlight as legal tensions surrounding its parent company, Terraform Labs, continue to unfold. Investors are watching closely after news emerged that the administrator overseeing the wind-down of Terraform Labs has sued trading firm Jane Street.  The lawsuit alleges the trading firm used non-public information from Terraform insiders to profit ahead of the collapse of TerraUSD in May 2022. This…

Ethereum is getting two headline signals at once, and they point in different directions.On-chain trackers have flagged a burst of ETH sales linked to Vitalik Buterin, the network’s most recognizable figure.At nearly the same time, the Ethereum Foundation began staking part of its treasury, positioning the move as a long-term shift in how it funds itself and supports the chain.In a stronger market, both developments might register as routine. In today’s thin, risk-off tape, the contrast is the story. One headline looks like selling. The other looks like commitment.As a result, ETH investors are left to decide which message matters…

PI price rose slightly on Tuesday, with buyers testing resistance above $0.16. Holder balances on centralized exchanges have reduced by over 700,000 PI tokens over the last 24 hours. The technical outlook for PI is mixed amid overall bearish sentiment. Pi Network’s token is showing some resilience amid broader crypto market weakness, with price retesting resistance above $0.16 despite key losses for Bitcoin and major altcoins. The PI token traded to its intraday highs on a slight uptick in daily volume as on-chain data reveals a sharp decrease in token balances on centralized exchanges (CEXs). While the upward move from…