Bitcoin Wins Security War Against DeFi, Says Blockstream CEO
- Security Advantage: Blockstream CEO Adam Back stated at Consensus Miami 2026 that Bitcoin's relatively simple network architecture is attracting institutional capital, particularly from pension funds and sovereign entities, away from DeFi platforms that have suffered from smart contract vulnerabilities, thereby gaining a security edge.
- Three Waves of Adoption: Back outlined Bitcoin adoption in three phases: direct retail ownership, access to spot ETFs through brokers and advisors, and now institutional allocation via managed portfolios and sovereign entities, indicating a gradual penetration of Bitcoin among institutional investors.
- Institutional Investment Potential: He estimated that there are around 200 Bitcoin treasury companies globally, including BSTR, which he leads, emphasizing that BSTR employs a more actively managed approach to generate returns through holdings and fund management strategies rather than passive accumulation, reflecting rising interest from institutional investors in Bitcoin.
- Market Dynamics Shift: Back noted that while model portfolio allocations from firms like BlackRock have not yet fully taken effect, Bitcoin's price was above $81,000 during the Consensus session, suggesting that the largest wave of institutional capital has yet to arrive, potentially leading to significant market shifts.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000183 | 0.000206 | 0.000221 | 0.000244 | 0.000259 | 0.000283 | 0.000297 |
| Fibonacci | 0.000206 | 0.000221 | 0.00023 | 0.000244 | 0.000259 | 0.000268 | 0.000283 |
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