Bitwise Launches First On-Chain Vault, Pioneering New DeFi Strategies
- On-Chain Vault Launch: Bitwise launched its first on-chain vault on January 26 as a curator on Morpho, marking its entry into non-custodial DeFi strategies with an expected annual yield of 6%, reflecting growing institutional interest in transparent on-chain yield products.
- Non-Custodial Strategy Benefits: The vault focuses on stablecoins and utilizes overcollateralized lending pools, allowing users to retain control of their funds while Bitwise manages capital deployment across lending markets, reducing counterparty risk and ensuring all positions remain visible on-chain.
- Risk Management and Design: The strategy is overseen by Jonathan Man, CFA, head of Bitwise's multi-strategy solutions group, leveraging the firm's extensive research and trading infrastructure developed over years of managing crypto investment products.
- DeFi Infrastructure Expansion: This launch signifies Bitwise's shift from the ETF space into DeFi infrastructure, indicating that asset managers are beginning to treat DeFi as core infrastructure rather than a side experiment, with plans to explore additional strategies in the future.
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Technical Analysis for MORPHO
Technical Sentiment Analysis for Morpho (MORPHO) As of , Morpho (MORPHO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MORPHO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MORPHO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Morpho (MORPHO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.568 | 0.764 | 0.966 | 1.162 | 1.364 | 1.56 | 1.762 |
| Fibonacci | 0.764 | 0.916 | 1.01 | 1.162 | 1.314 | 1.408 | 1.56 |
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