Bitcoin briefly slid to $72,863 on Bitstamp on Tuesday, but publicly traded 
mining stocks managed to post mixed-to-positive daily performances even as 
U.S. stock indexes closed firmly in the red. Bitcoin Miners Defy Red Screens 
Amid Geopolitical Jitters Bitcoin’s dip followed a risk-off jolt after Reuters 
reported the U.S. shot down an Iranian drone approaching […]

Publicly Traded Miners Buck the Tape as Bitcoin’s Price Wobbles

Bitcoin continues to trade below the $80,000 level as the market remains under 
sustained selling pressure and heightened uncertainty. Recent price action 
reflects a fragile environment in which downside moves are met with limited 
conviction from buyers, while broader risk sentiment across crypto stays 
defensive. As volatility persists, analysts are increasingly focused on on- 
chain indicators to assess whether the market is approaching exhaustion—or if 
further downside still lies ahead. Related Reading: Ethereum Experiences Broad 
Long Squeeze Across Derivatives Exchanges: Can Bulls Hold $2,300? A new report 
from CryptoQuant highlights a notable deterioration in holder profitability 
through the Spent Output Profit Ratio (SOPR), which has fallen to its lowest 
levels of the past year. The SOPR measures whether coins being spent are 
moving at a profit or a loss, offering insight into the behavior of different 
investor cohorts during periods of stress. One key observation is the 
convergence between long-term holders (LTHs) and short-term holders (STHs). 
The SOPR ratio has dropped sharply toward the critical 1.0 level, indicating 
that long-term holders are realizing significantly less profit than before—or 
are choosing to stop selling altogether at current prices. This behavior 
suggests a growing reluctance to distribute coins into weakness, even as 
short-term participants continue to face losses. With Bitcoin still below key 
psychological levels, the evolution of SOPR will be closely watched. Whether 
this shift marks early stabilization or simply a pause before deeper 
capitulation remains an open question for the weeks ahead. SOPR Signals 
Selling Exhaustion, Not Capitulation The report adds that Bitcoin’s recent 
price action closely mirrors the deterioration seen in SOPR. The price (black 
line) has reached a local low near $77,900. Aligning with the sharp drop in 
the ratio toward its lowest levels of the past year. This synchronization 
suggests that realized selling pressure has intensified alongside the decline 
in profitability, reinforcing the view that the market has moved into a stress 
phase rather than a routine pullback. From a sentiment perspective, 
historically depressed SOPR readings have often coincided with moments when 
so-called “smart money” reduces selling activity. When coins are no longer 
being spent at a meaningful profit, long-term holders tend to step back, 
allowing selling pressure to subside. In past cycles, similar conditions have 
preceded periods of accumulation or the formation of local market floors. 
Although timing has varied widely. Two scenarios now stand out. If the SOPR 
stabilizes around the 1.0 level, it would suggest that heavy distribution from 
long-term investors is largely exhausted. Creating room for a relief bounce as 
marginal demand returns. Alternatively, the steep, momentum-driven drop in 
price increases the likelihood of extended sideways consolidation, as the 
market digests recent volatility before establishing a clearer trend. In 
summary, the data points to a flush market. With SOPR at yearly lows, weaker 
hands appear to have exited, shifting the balance toward longer-term value 
considerations over short-term fear. Related Reading: Bitcoin Bear Market 
Signal Emerges: Supply in Loss Rises Above 40% Bitcoin Struggles Below Key 
Averages Bitcoin’s weekly chart highlights a market under sustained pressure, 
despite a modest rebound off recent lows. Price is currently hovering around 
the $78,000 area after briefly dipping toward the mid-$70,000s, a zone that 
has acted as an important short-term demand pocket. This bounce, however, has 
so far lacked follow-through and does not yet signal a structural trend 
reversal. From a technical perspective, Bitcoin remains below its major moving 
averages. The price is trading well under the 100-day and 200-day averages, 
both of which are now sloping downward. This configuration reinforces the 
broader bearish bias and suggests that rallies are still being sold into 
rather than accumulated aggressively. The prior support region between $85,000 
and $90,000 has clearly flipped into resistance. Confirming a change in market 
structure compared to late 2025. Related Reading: Bitcoin Miner Fees Remain 
Near Cycle Lows: What Does This Signal? The sell-off into the $74,000–$76,000 
range was accompanied by elevated volume. The subsequent rebound has occurred 
on comparatively lighter participation. This divergence implies short-covering 
or tactical buying rather than renewed conviction from longer-term investors. 
Structurally, Bitcoin appears to be transitioning from a distribution phase 
into a consolidation or corrective regime. As long as the price remains below 
reclaimed resistance and fails to regain key moving averages, downside risks 
remain active. Featured image from ChatGPT, chart from TradingView.com

Bitcoin LTH Profit-Taking Collapses: Is Smart Money Done Selling?

Internal discord among Bitcoin developers poses a greater risk than quantum 
computing, potentially impacting future upgrades and stability.
The post Bitcoin&#8217;s biggest risk is governance, not quantum computing, says 
Galaxy CEO appeared first on Crypto Briefing.

Bitcoin’s biggest risk is governance, not quantum computing, says Galaxy CEO

Triggered by market performance, Dogecoin (DOGE) is once again at the center 
of the crypto conversation. After a quiet stretch through much of 2025, the 
memecoin has posted a series of sharp moves in early 2026, drawing traders 
back and reviving a familiar debate, Is DOGE still an investment opportunity, 
or short-term speculation? Related Reading: Bitcoin’s Crash Spells Trouble For 
Strategy: 10-Month Low Stings Below Average Purchase Price The latest rally 
has been fueled by a mix of market rotation, renewed retail interest, and 
institutional developments, but questions about long-term value remain 
unresolved. DOGE&#8217;s price trends to the downside on the daily chart. Source: 
DOGEUSD on Tradingview Dogecoin’s DOGE Renewed Momentum After a Volatile Reset 
Dogecoin’s recent gains followed a broader crypto market rebound after heavy 
deleveraging wiped out more than $500 million in leveraged positions across 
derivatives markets. As risk appetite returned, traders rotated into higher- 
volatility assets, pushing DOGE to the top of daily gainers among major 
tokens. At last check, Dogecoin was trading near the $0.10–$0.106 range, 
depending on timing, after posting double-digit percentage swings over short 
periods. Market watchers caution that the rebound may be tactical rather than 
structural. Analysts note that Dogecoin continues to track Bitcoin closely, 
and with BTC still showing signs of weakness, meme coins could struggle to 
sustain upside without fresh catalysts. Institutional Access and Utility 
Questions One notable shift in Dogecoin’s narrative is growing institutional 
access. The launch of Dogecoin-linked exchange-traded products in the U.S. has 
given professional investors regulated exposure to DOGE, a step that adds 
legitimacy but does not change its underlying economics. Dogecoin’s supply 
remains inflationary, with new coins entering circulation each year, putting 
pressure on price growth if demand does not keep pace. On the utility side, 
discussion continues around payment-focused initiatives, including plans for 
Dogecoin-based apps aimed at everyday transactions. Supporters point to low 
fees and fast settlement as strengths, while critics argue that adoption 
remains limited and development progress is slow. Diverging Forecasts and 
Ongoing Risk Price forecasts for Dogecoin in 2026 vary widely. Conservative 
projections cluster around $0.10–$0.13, reflecting expectations of limited 
utility expansion. More optimistic scenarios, often tied to strong meme cycles 
or increased institutional participation, place DOGE closer to $0.20 or 
higher, though such outcomes depend heavily on sentiment. The split highlights 
Dogecoin’s core tension. Its strong brand recognition and active community 
continue to drive attention and liquidity, but price action remains largely 
sentiment-driven. Related Reading: Bitcoin Net Taker Volume Sees Third-Largest 
Bearish Spike In 2 Years For investors, the current rally emphasizes both the 
opportunity and the risk, DOGE can move quickly, but without deeper adoption, 
those moves may be difficult to sustain over the long term. Cover image from 
ChatGPT, DOGEUSD chart on Tradingview

Is Dogecoin Still Worth Investing In? DOGE Rally Sparks Debate Over Long-Term Value

Older and mid‑range mining rigs like the Antminer S19 XP+ Hydro, Whatsminer 
M60S and Avalon A1466I have reportedly already crossed shutdown thresholds, 
while even newer S21 units are nearing viability limits. The Profitability 
Cliff The bitcoin mining industry is facing a severe profitability squeeze 
this week as a combination of falling cryptocurrency prices and high […]

Cryptocurrency price in USD