Push Protocol 價格PUSH

Bitcoin could drop to $81K as spot ETF outflows and market uncertainty grow Bitcoin $BTC fell to a three-month low of $87,629 on Feb. 25, losing the $90,000 psychological support level, according to Cointelegraph. Analysts warn that ongoing spot ETF outflows and weakening risk appetite could push Bitcoin down to $81,000 if bearish momentum continues. Bitget’s Ryan Lee noted that Bitcoin’s correction phase could test support levels at $86,000 and $81,000. Meanwhile, GRVT CEO Hong Yea warned that breaking below $85,000 could accelerate declines, triggering $1 billion in long liquidations. Spot Bitcoin ETFs have recorded six consecutive days of outflows, with $516 million withdrawn on Feb. 24 alone. Since the sell-off began on Feb. 18, Bitcoin’s price has dropped over 7%.

Montana’s attempt to top up its coffers with Bitcoin (BTC) was thwarted on Feb. 21 when the state’s House of Representatives voted against a bill that would have made the world’s oldest and most valuable digital currency a state reserve asset. Montana House Rejects Bitcoin Reserve Bill House Bill 429, presented earlier this month by Representative Curtis Schomer, aimed to establish a special revenue account allowing up to $50 million in investment in stablecoins, precious metals, and crypto assets with an average market capitalization of over $750 billion during the past calendar year — a criterion that only Bitcoin currently meets. According to Schomer, the goal was to diversify the state’s assets and potentially create higher returns than traditional bond investments. Despite some support, opposition, citing the speculative nature of the investment, prevailed — resulting in a 41-59 vote in the House. Many Republicans were concerned that the proposal would have allowed Montana’s investment board to speculate too heavily with taxpayer money. “It’s still taxpayer money, and we’re responsible for it, and we need to protect it,” State rep Steven Kelly stated during the House Floor Session on Friday, adding that “these types of investments are way too risky.” This came just a few days after Montana’s business and labor committee passed House Bill 429 in a 12-8 vote, with all Republicans voting in favor and all Democrats opposing. The bill is now basically dead, meaning that any future Bitcoin reserve bill would need to be introduced afresh into Montana’s legislature. State And National Pushes For Bitcoin Reserve While Montana is erring on the side of caution, the push for Bitcoin reserves is garnering momentum elsewhere, with multiple other U.S. states advancing further toward integrating digital assets into public finance. Approximately 24 states, including Arizona, Illinois, Maryland, New Hampshire, New Mexico, Kentucky, Ohio, Pennsylvania, North Dakota, South Dakota, Texas, Oklahoma, and Georgia, have introduced legislation to create a Bitcoin reserve. Utah’s HB230 Blockchain and Digital Innovation Amendments bill, which allows the state treasurer to allocate around 5% of public resources to digital assets, has made the most regulatory progress so far. In the meantime, countries like Switzerland, Brazil, Japan, and Russia are also considering adding Bitcoin to their strategic national reserves.

According to recent market data, BNB price trades within a defined range, facing resistance near $700 while holding support above $620. The asset’s price volatility has tightened, with technical indicators suggesting potential shifts in market sentiment. On-chain metrics show mixed signals, making key resistance and support levels crucial for traders. BNB Price Shows Indecision Amid Market Uncertainty BNB’s price trajectory indicates indecision among buyers and sellers, leading to a neutral market outlook. An uncertain market appears from the Moving Average Convergence Divergence (MACD) indicator, since it has a positive histogram at 1.93 and a negative signal line at -1.65. If the MACD turns positive, it could confirm an upward trend, whereas continued divergence may keep BNB in consolidation. The RSI stands at 47.23, placing BNB in a neutral zone with no clear buying or selling pressure. The moving average of 52.37 indicates that the RSI shows bearish trends in its current position. The price will likely continue to drop if the RSI falls below 40 but will experience upside momentum if it rises above 55. Bollinger Bands suggests BNB is trading near its basis level of $640.39, signifying a consolidation phase. Two important breaking points exist at $709.13 and $571.64, forming the upper and lower bands. Trader validation of a bullish rally arises from upper band breaks while descending below the lower band indicates continuing negative price action. BNB Liquidations Rise as Price Fluctuates BNB’s price movements have triggered an increase in liquidations, with the current price hovering around $644.2. An analysis of liquidation maps shows large numbers of long position liquidations beneath present price levels due to unexpected events among leverage traders. The $656-$675 area shows rising cumulative short liquidations because a price breakout at that point would likely produce more price movement. Market volatility continues rising due to leveraged trades using 10x and 50x positions in settings where the liquidation zones exist. The area spanning from $630 to $638 shows intensified past liquidations, which represents a major cluster. Additionally, leverage trading intensifies as BNB moves toward $670-$690, signaling a key resistance zone where further liquidations may occur. Market players should track support and resistance zones since rising liquidation risks have become more prevalent. Any movement of price below $630 could initiate more long liquidations, strengthening selling activity. The price will likely surge to more than $690 after a short squeeze from when traders push the market through the $670 threshold. Selling Pressure May Push BNB Lower If BNB maintains momentum above $680 and surpasses $700, a rally toward $740 could materialize. An increase in trading volume alongside Binance-related operational news will help strengthen an upward price movement for BNB. Continuous buying activities at elevated price points will strengthen market sentiment. Failure to hold $640 could increase selling pressure, pushing BNB toward $620. If the price breaks from its present position, support at $580 would emerge, indicating declining bullish sentiments. Prolonged downward risks will occur if investors refrain from purchasing BNB. Conclusion BNB’s price action remains within a critical range, with volatility driven by technical indicators and liquidation pressures. The asset will experience a substantial price change based on the two vital price points of $630 and $670. The current market calls for traders to exercise caution because major price movements likely result from upward or downward breakouts. FAQs What is Binance Coin (BNB)? Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, used for trading fees and various utilities. What does a neutral RSI indicate? A neutral RSI means the asset lacks strong buying or selling momentum, leading to consolidation or range-bound trading. How do Bollinger Bands help in trading? Bollinger Bands highlight potential breakout and breakdown levels by measuring price volatility. Why are liquidation zones important? Liquidation zones show where leveraged traders might be forced to close positions, influencing price volatility. What happens if BNB breaks above $700? A breakout above $700 could trigger further buying momentum, pushing the price toward $740 or higher. Glossary MACD: A trend-following indicator that helps identify market momentum. RSI: A momentum oscillator that measures the speed and change of price movements. Bollinger Bands: A volatility indicator showing price ranges and potential breakout levels. Liquidation: The forced closing of a leveraged position due to insufficient margin. Short Squeeze: A rapid price increase due to short sellers covering their positions. References: Coinglass TradingView

SEC Commissioner Hester Peirce aka ‘Crypto Mom’ has expressed openness to proposals for staking and exchange-traded products (ETPs) related to Ether (ETH). Commissioner Peirce, speaking during a recent interview with Yahoo Finance , acknowledged that the SEC has received a significant number of applications for ETPs and opened up about the agency’s willingness to consider them on a case-by-case basis. Commissioner Peirce confirmed that staking, a process where crypto assets are locked up to support the network and earn rewards, is something the SEC has discussed in internal meetings. “In terms of staking, that is something that people raised with us early on after these products went through, and it’s something that I’m open to,” she said. Staking is already common practice in other global markets, which has generated interest from U.S. crypto investors. With respect to Ethereum-based ETPs, Commissioner Peirce stated that the SEC is open to discussing options but emphasized the need for careful consideration of each proposal. Related: Canary Capital’s HBAR ETF: Nasdaq Filing Signals Approval Push The SEC is seeing an increasing number of applications for cryptocurrency-related products, which reflects the growing demand and innovation within the sector. However, the agency will evaluate these proposals based on their individual merits, ensuring thorough consideration of any potential risks involved. Additionally, Commissioner Peirce touched on the broader regulatory landscape, including the new executive order that requires independent agencies like the SEC to submit major regulations for review. This statement comes on the heels of Franklin Templeton filing an application with the U.S. Securities and Exchange Commission (SEC) for a Solana ETF with staking capabilities. The ETF filing details how Franklin Templeton would manage staking activities, controlling the staking process and rewards. Related: Litecoin Retail Adoption and Network Growth Surge on ETF News According to the filing , the firm plans to use trusted staking providers, possibly including its affiliates, with the rewards earned classified as income. While several staking ETF proposals were withdrawn in 2024 due to regulatory concerns, the SEC’s new Crypto Task Force is actively trying to balance innovation with regulation in 2025. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

🚨 $FLOW Trade Setup 🚨 ▪️ Trend: Short-term Strong Down, Medium-term Strong Down, Long-term Strong Down. ▪️ Pattern: Falling Wedge Breakout → Potential bullish reversal 🚀. 📊 Key Levels: ▪️ Support: $0.40. ▪️ Resistance: $0.64 (PT1), then $0.70. 📈 Momentum: ▪️ MACD: Bullish but weakening (histogram declining 📉). ▪️ RSI: Neutral (not overbought/oversold). 📌 Strategy: ▪️ Reversal trade (riskier) 📍. ▪️ Upside potential: +30% to $0.64. ▪️ Stop Loss: Below $0.47. 🔍 Watch for confirmation: If price holds above breakout level, FLOW could push higher. Will the breakout hold or fade? 👀📉📈🔥👇 #FLOW #Crypto #Altcoins #Trading #ChartPatterns #Breakout