P2P.org partners with OKX to provide institutional staking services
- Launch of Crypto Staking Services: Institutional staking firm P2P.org partners with OKX exchange to offer crypto staking services for institutional clients.
- Staking-as-a-Business Model: P2P's SaaB model provides institutional-grade staking services for assets like Polkadot, Kusama, Celestia, and Cardano.
- Barriers to Entry: P2P highlights barriers like a steep learning curve, time investment, and high node operation costs hindering institutions from entering the crypto staking market.
- Expansion and Objectives: P2P.org reaches $7.5 billion in total value locked, introduces staking-as-a-business model to reduce entry barriers, aiming for staking to contribute 10-20% to total revenue.
- Institutional Interest in Crypto: Institutional investors show interest in crypto through avenues like exchange-traded products, ETFs, and Bitcoin exposure, with significant investments made by pension fund managers like SWIB.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 41917.393 | 50958.696 | 61341.393 | 70382.696 | 80765.393 | 89806.696 | 100189.393 |
| Fibonacci | 50958.696 | 58378.664 | 62962.728 | 70382.696 | 77802.664 | 82386.728 | 89806.696 |
About BTC
About the author
