PANews February 21 News, 10 Research posted on X platform that the current structure of the crypto market is changing. The overall altcoin market remains fragile, Bitcoin is in an oversold zone, but at the same time, the market positions of crypto stocks and some selected altcoins are quietly shifting, with some assets beginning to outperform. Among them, Optimism (OP) is under pressure, with OP-USDT currently breaking below the 7-day and 30-day moving averages, indicating a bearish technical outlook, with a 24.4% decline over the past week. Additionally, the Base blockchain is gradually diverging from the OP Stack, which means their previous revenue-sharing partnership has ended. Optimism has officially launched its first monthly token buyback plan, committing to use 50% of the remaining Superchain revenue to repurchase OP on the open market. The liquidity staking protocol ether.fi has migrated all its non-custodial operations to the OP mainnet to leverage its enterprise-level scalability, providing some fundamental support for OP.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CleanSpark Sells 553 BTC for $36.6M in February as Miners Dump Bitcoin
Bitcoin (CRYPTO: BTC) miners faced a dual dynamic in February: cash-flow optimization through asset sales alongside aggressive capacity expansion to support AI-enabled data-center workloads. CleanSpark reported selling 553 BTC from its February production for roughly $36.6 million while mining 568 B
CryptoBreaking51m ago
Ripple Expands Institutional Trading With Coinbase Derivatives BTC, ETH, SOL, and XRP Futures
Ripple added Coinbase BTC, ETH, XRP and SOL futures to Ripple Prime, its platform that cleared more than $3 trillion in 2025.
Trades are processed through Nodal Clear, giving institutions 24/7 access to CFTC-regulated crypto futures in the U.S.
Ripple has added Coinbase Derivatives’
CryptoNewsFlash2h ago
Bitcoin Slips to $68,000 as Middle East Conflict and US Jobs Data Trigger Sell-Off
Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures.
Wiping out the ‘War Gains’
Bitcoin’s midweek resilience
Coinpedia2h ago
