Bitcoin Tests at $90K? Which Crypto Stock Enters Your Buy Zone?
$Bitcoin(BTC.USD.CC)$ Drops Below $91,500, Continuing Its Recent Plunge
The world’s second-largest cryptocurrency, $Ethereum(ETH.USD.CC)$, fell to $2,975, down 24% since early October, showing especially weak performance. The Federal Reserve and ongoing AI bubble discussions are the two main headwinds facing crypto and risk assets heading into year-end.
The market lost $133 BILLION in just 24 hours, and over $1.01B in positions were liquidated.
Bitcoin could see a small rebound around $91K, but based on past halving cycles, a longer-term downtrend may be coming.
The market is preparing for Bitcoin to drop toward $80,000.
Options market data shows traders’ demand for downside protection at $90K, $85K, and $80K levels has surged, with put contracts expiring at the end of November exceeding $740 million.
Which crypto-related stocks are in the hot zone?
“Crypto treasury companies” are under pressure. Earlier this year, these companies hoarded significant crypto holdings, aiming to become “crypto treasury concept stocks” in the equity market.
Although Michael Saylor’s Strategy recently bought $835 million worth of Bitcoin, many of his peers are under increasing pressure and may need to sell assets to protect their balance sheets.
Crypto exchange $Coinbase Global, Inc.(COIN)$ fell to $263, breaking the $275 support; the next major support is at $250.
Broker $Robinhood(HOOD)$ , which entered crypto, dropped to $115—next, watch whether it can fill the $100 gap.
Stablecoin play $Circle Internet Corp.(CRCL)$ continued last week’s decline to $76, just above its IPO opening price of $69.
Treasury companies fared even worse:
Bitcoin treasury company $Strategy(MSTR)$ fell below $200!
Ethereum treasury companies $BitMine Immersion Technologies Inc.(BMNR)$ and $SharpLink Gaming(SBET)$ dropped to $30 and $10, respectively.
Is this price and volatility attractive for selling puts? Be cautious—if Bitcoin continues falling, treasury stocks could suffer even more. Strike prices should be chosen more safely.
Do you think Bitcoin will rebound around $90K?
If it does, would you take partial profits first, or add more positions?
Which crypto stocks or coins are now in your buy zone?
Leave your comments and let me know!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Makes me wonder if reality is hitting and everyone is starting to realise that the unbridled optimism was unwarranted, that or the expectation for US data might just be so negative leading everyone to sell off early and take some profit first.
I’m watching crypto stocks closely. Coinbase breaking $275 & Robinhood near $115 show selling pressure, but selective opportunities may be forming. I’m cautious about treasury-heavy names like MSTR or BMNR, which could fall further, while stable plays like Circle seem more likely to stabilize.
If Bitcoin rebounds near $90K, I’d take partial profits rather than fully exit, keeping some exposure for potential upside. I’m also open to adding positions selectively at lower levels, focusing on quality crypto stocks with strong balance sheets, balancing potential gains with risk of further downside.
@Tiger_comments @TigerStars
比特幣國庫公司$策略(MSTR)$跌破200美元！
以太幣財資公司$BitMine Immersion Technologies Inc.(BMNR)$和$SharpLink Gaming(SBET)$分別跌至30美元和10美元。
這個價格和波動性對賣出看跌期權？保持謹慎——如果比特幣繼續下跌，國債可能會遭受更大的損失。應該更安全地選擇執行價格。
For long term investors, this maybe a strategic accumulation zone.
I am still bullish on Bitcoin because the macro, structural and psychological forces are aligning for a potential supercycle. Institutional adoption, Halving driven scarcity and regulatory clarity are tightening supply while demand accelerates.
In a world of fiat debasement and geopolitical risks, Bitcoin is a hedge against inflation. It is Digital Gold after all.
@Tiger_comments @TigerStars @Tiger_SG @TigerClub @CaptainTiger
但我反而在觀察兩件事：第一，期權市場對 9 萬、8.5 萬、甚至 8 萬的保護需求暴漲，說明情緒極度悲觀；第二，多家公司持倉撐不住被迫減倉，這更像是“非理性殺跌”的尾聲。按照過往週期，9 萬附近確實可能出現技術性反彈。
至於操作，我會更謹慎：如果反彈，我會先減一點槓桿部位；但如果 BTC 真給到 8–8.5 萬，我反而會分批加一些核心 ETF，比如 IBIT 或 FBTC。加密概念股呢？我只會看 COIN 和 CRCL，其他脆弱的國庫股我暫時不會碰。總之，先穩住節奏，比盲目抄底更重要。
Bitcoin has risen back to $90K, but due to volatility and external factors, maintaining caution remains key, with partial profits being wise while adding positions suiting long-term investors based on strategy and risk tolerance.
Crypto stocks like Coinbase Global Inc (COIN) and Strategy Inc (MSTR), which closely track Bitcoin’s performance, may offer growth opportunities based on market conditions and investment outlook
The buy zone varies with time horizon and risk profile; short-term investors may monitor market trends and technical indicators to enter on dips, while long-term investors may consider accumulating during volatile periods
Tag :
@Huat99
@Snowwhite
I do think there is a good chance of bitcoin rebounding at around $90k but I would prefer a strike price at $80k to be have a greater safety margin. I wouldn’t take profit at $90k as the long term potential price is defin more than it. Neither would I add positions as the safety margin is not there. I would prefer to add at below $80k for a long position.
I am also looking at ETH and COIN as alternatives to bitcoin. ETH is currently seen as stable alt coin with long term potential and COIN has always been seen as an alternative to the cryptocurrencies themselves. Robinhood and circle are too risky for my ris appetite and I would prefer to watch further.
在歷史中查看它們——“社區分佈”