1⃣ $BTC, $ETH, $SOL continued to slide. All three major U.S. stock indexes closed lower, and crypto-related stocks also plunged. With strong correlation between stocks and crypto, a rebound likely depends on U.S. equities stabilizing.
2⃣ $ZEC failed four times at the 750 level and pulled back. $DASH, $ZEN, and other privacy coins are showing similar patterns. $SRTK spiked then retraced. Risk in the privacy-coin sector is rising.
3⃣ Monad ($MON) token public sale has officially started on Coinbase. Price: 0.025 USDC, with 7.5% of total supply on sale. The sale ends Sunday the 23rd. Pre-market quotes remain around 0.04 USDC.
4⃣ $ASTER remains strong, currently at 1.2U. $HYPE also shows resilience at 39.5U. $GIGGLE and $币安人生 are outperforming the market — worth watching.
5⃣ Major crypto treasury assets mNAV have fallen below 1:
— Strategy down to 0.937
— Bitmine down to 0.83
This means their market caps are now below the value of their token holdings.
6⃣ TheKingfisher reports: Liquidation maps show the $BTC 93k-long cluster has been wiped out. The next liquidity concentration sits around 85k, with the lowest zone near 82.5k.
7⃣ Solana Foundation President Lily Liu said: Application-chain infrastructure that embraces “crypto-native spirit” is being crushed by corporate giants. “Enterprise chains” are killing crypto’s soul — we must reclaim our native ethos.
8⃣ Well-known analytics platform DappRadar announced it will shut down due to financial difficulties. $RADAR plunged over 30%. A classic bear-market symptom.
