Columbia Professor Claims Bitcoin's Price Drop is Driven by Crypto Treasuries
Crypto Treasuries Impact on Bitcoin: Crypto treasury firms have been identified as a significant factor in Bitcoin's price decline, as they enable large-scale token exits and have contributed to a mass extraction event in the market.
Leverage and Speculation: Many treasury firms have relied on leverage and speculative strategies to raise funds, which can amplify losses during market downturns, further pressuring Bitcoin prices.
Market Dynamics: Omid Malekan emphasizes that the internal dynamics of the crypto market, particularly the activities of digital asset treasury firms, should be considered alongside external factors like U.S.–China trade tensions when analyzing Bitcoin's price slump.
Growth of Treasury Firms: Despite concerns about their impact, the trend of companies adding Bitcoin and Ethereum to their balance sheets continues to grow, with 207 firms now holding over one million BTC and 70 companies holding over 6.14 million ETH.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for PIPE
Technical Sentiment Analysis for Pipe Network (PIPE) As of , Pipe Network (PIPE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for PIPE 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, PIPE 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 $-.
Pipe Network (PIPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0133 | 0.00226 | 0.0119 | 0.0275 | 0.0371 | 0.0527 | 0.0623 |
| Fibonacci | 0.00226 | 0.0119 | 0.0178 | 0.0275 | 0.0371 | 0.043 | 0.0527 |
About PIPE
About the author
