Bitcoin Tests $80,000 as Miners' Profitability Improves
- Mining Profitability Rebound: Bitcoin miners' daily profitability has risen to about $37 per pentahash/second, the highest in months, despite a roughly 13% decline in total hashrate over the past quarter, indicating improved miner economics that may reduce selling pressure and support network security.
- Enhanced Market Dominance: Bitcoin's dominance has reached its highest level since mid-2025, reflecting waning demand for many altcoins, while institutional interest in Bitcoin and Ethereum ETFs remains strong, with combined assets under management totaling approximately $147 billion, highlighting a preference for large blue-chip assets.
- Significant ETF Inflows: US-listed spot Bitcoin ETFs attracted about $630 million in net new money on Friday, reinforcing institutional confidence alongside ongoing improvements in miner profitability and hash-rate dynamics, which collectively bolster market sentiment.
- Optimistic Options Market: Deribit data shows call premiums outpacing puts by about 24% on Monday, indicating a shift toward greater willingness to bet on Bitcoin's short-term upside, although this does not guarantee a sustained rally, it reflects a constructive risk posture among traders willing to explore higher price levels.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL). As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SOL 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, SOL 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 $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 74.412 | 77.906 | 81.092 | 84.586 | 87.772 | 91.266 | 94.452 |
| Fibonacci | 77.906 | 80.458 | 82.034 | 84.586 | 87.138 | 88.714 | 91.266 |
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