Bitwise's Strategic Move into Tokenization Market
- Strategic Partnership: Bitwise has entered into a partnership with Superstate, marking a bold entry into the tokenization market, which is expected to enhance its influence in the blockchain fund landscape by managing the crypto carry fund previously overseen by Superstate.
- Management Transition: Starting June 1, Bitwise will take over the investment management of the Superstate Crypto Carry Fund, rebranding it as the Bitwise Crypto Carry Fund, which currently manages over $267 million in assets exclusively for qualified investors.
- DeFi Innovation: Over $100 million of the USCC fund's assets are utilized as collateral on decentralized finance platforms, and Bitwise aims to enhance its $11 billion asset portfolio by incorporating tokenized funds, facilitating ownership for investors on the blockchain.
- Market Potential: The global value of tokenized real-world assets has surpassed $30 billion, with tokenized US Treasury products accounting for half of this valuation, as Bitwise's CEO highlights the transformation of capital markets onto the blockchain, attracting attention from traditional financial giants.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 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 | 0.000178 | 0.000202 | 0.000219 | 0.000243 | 0.00026 | 0.000284 | 0.000301 |
| Fibonacci | 0.000202 | 0.000218 | 0.000228 | 0.000243 | 0.000259 | 0.000269 | 0.000284 |
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