$LINEA ~ $0.0926, down ~13%. Project is a zkEVM Layer‑2 by ConsenSys built for Ethereum. Key support at current zone — could be decent entry if holds. Go small + set stop‑loss. Fundamentals strong, but market’s rough. Not financial advice
echnical Snapshot: $YGG 30m Momentum and Support Check
$YGG shows an overall bullish trend, yet momentum and RSI hint at short-term bearish pressure. Price hovers near a critical demand zone around 0.096, suggesting a potential bounce if confirmed.
Near-term support lies between 0.094 and 0.096, a zone where buyers may step in. Resistance sits close to 0.102, marking a key hurdle before retesting recent highs. Caution is advised as failure below 0.094 could signal deeper downside. Watch for reversal signals around support to consider long entries.
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Bitcoin ETFs have experienced the second largest outflow in their history!
Outflows of $903 million were recorded in spot #Bitcoin ETFs and $262 million in spot Ethereum ETFs. ETFs have experienced the second largest outflow in their history!
INSIGHT: Analysts say Bitcoin is nearing its “max pain” range of $84K–$73K, tied to BlackRock’s IBIT and Strategy cost bases, framing the slump as a deep discount zone.
JPMorgan says input cost inflation, especially higher memory prices, could pressure Nvidia’s margins. The company aims to keep margins in the mid-70% range next year, but the upcoming Rubin ramp may initially dilute results. Analysts say they’re still giving Nvidia the benefit of the doubt, expecting it to exit 2025 with margins back in the mid-70s.
Fed Governor Lisa Cook warned that high valuations in stocks, corporate bonds, housing, and leveraged loans increase the risk of sharp market declines, though she said the financial system remains resilient.
She highlighted liquidity risks tied to hedge funds’ growing role in Treasury markets and said private credit isn’t a stability threat but should be monitored. Cook added that AI could both improve and destabilize markets, noting that its impact requires close watch. She did not discuss monetary policy.
OWEN GUNDEN HAS SOLD ALL OF HIS $1.3 BILLION BITCOIN ASSETS Owen Gunden was a Bitcoin whale who has held BTC since 2011. GUNDEN HAS SOLD ALL OF HIS $1.3 BILLION BITCOIN ASSETS Owen Gunden was a Bitcoin whale who has held BTC since 2011. It sold the 11,000 BTC it lion to Kraken.
$LINEA stabilizes at 0.01049, emerging from a 0.00967 low with renewed bullish momentum. MACD flips positive as buyers target 0.01074 and 0.01113. Market structure shows gradual recovery, inviting smart entries on sustained volume strength.
Long time I've been covering big CEX alts as I've been trenching onchain but:
$LINEA looks quite oversold imo
- Some L2s getting bids again - Cheapest L2 of the big 5 (OP/ARB/STRK/ZK) at 167m/700m fdv - Consensys backed and metamask airdrop around the corner for Linea - Nice round number at 1 cents - zkEVM roadmap focused on trustless sequencing