BitGo Expands Institutional Access to DeFi Vault Strategies
- New DeFi Product Launch: BitGo plans to introduce a new DeFi vault product in collaboration with third-party infrastructure providers and risk managers, aimed at providing eligible institutional clients access to third-party on-chain vault products, thereby enhancing its competitive edge in the DeFi space.
- Risk Management and Strategy Setting: The product will allow independent risk managers to set strategy parameters and risk limits, enabling institutional clients to engage in DeFi lending through a familiar operational path rather than managing multiple wallets and protocols directly, thus streamlining the operational process.
- Asset Custody and Separation: BitGo stated that vault participation and custody of vault receipt tokens will be integrated with its OCC-chartered national trust bank, BitGo Bank & Trust, ensuring that client assets are not held within its custody environment when in third-party vaults or protocols, thereby enhancing asset security.
- Morpho Partnership: As one of the main credit networks, Morpho recently raised $175 million from investors, and BitGo's planned support will further drive Morpho's credit infrastructure into institutional custody workflows, expected to boost institutional client demand for DeFi products.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0285 | 0.0323 | 0.0358 | 0.0396 | 0.0431 | 0.0469 | 0.0504 |
| Fibonacci | 0.0323 | 0.0351 | 0.0368 | 0.0396 | 0.0424 | 0.0441 | 0.0469 |
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