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HIVE Delivers Record Q3 Revenue and Margin Growth

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HIVE Delivers Record Q3 Revenue and Margin Growth

Editor’s note: In a sector defined by rapid changes in energy costs and compute demand, HIVE Digital Technologies reports a standout quarter that highlights the resilience of its dual-engine model — steady Bitcoin hashrate expansion alongside high-growth BUZZ AI HPC. The Q3 results, led by record revenue of $93.1 million and a gross margin of $32.1 million, reflect disciplined scaling across renewable-powered infrastructure and an accelerating AI compute strategy. The company’s Paraguay expansion and GPU cloud initiatives illustrate how HIVE is positioning for longer-term margin expansion, recurring revenue and geographic diversification.

Key points

  • Record quarterly revenue of $93.1 million, up 219% YoY and 7% QoQ, with gross margin of $32.1 million (34.5%).
  • Bitcoin hashrate capacity reached 25 EH/s, with BUZZ HPC growth accelerating.
  • AI GPU expansion: 504 Nvidia GPUs under a $30 million contract, live deployments in Q1 2026, lifting HPC revenue and targeting $140 million ARR by Q4 2026 with 11,000 GPUs.
  • Paraguay expansion and renewable-powered infrastructure underpin margin growth and geographic diversification.

Why this matters

This quarter demonstrates HIVE’s ability to scale a renewable-powered data center platform while expanding into AI compute markets. The dual-engine approach provides resilience against sector volatility, leveraging Bitcoin hashrate expansion as a cash generator and BUZZ HPC as a high-growth, recurring revenue stream. With Paraguay infrastructure, green energy and new AI deployments, HIVE is positioned for margin expansion and geographic diversification into Latin America.

What to watch next

  • Deployments of 504 Nvidia GPUs live in Q1 2026 and expected ARR uplift to $140 million by Q4 2026 as GPU AI Cloud evolves.
  • Paraguay expansion: energization of the additional 100 MW at Yguazú targeted for Q3 2026 and 63 hectares of land acquisition supporting growth.
  • Anticipated overall energy footprint of 540 MW by year-end, with evaluation of incremental megawatts for future EH/s growth.

Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.

HIVE Delivers Record Q3 Revenue of $93.1 Million with $32.1 Million Gross Operating Margin, Up Over 6x Year-Over-Year

This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated October 31, 2025.

San Antonio, TX, February 17, 2026 — HIVE Digital Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) (FSE: YO0) (BVC: HIVECO) (referred to as the “Company” or “HIVE”), a global leader in sustainable data center infrastructure, announced its results for the third quarter ended December 31, 2025 (all amounts in US dollars, unless otherwise indicated).

HIVE delivered record quarterly revenue of $93.1 million, representing 219% year-over-year growth and 7% quarter over quarter growth, and Adjusted EBITDA of $5.7 million. Gross operating margin expanded significantly to $32.1 million (34.5%), up more than sixfold compared to $5.3 million in the prior year period.

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This quarter marks the strongest “dual-engine” growth in HIVE’s history, driven by the rapid scale-out of its Bitcoin hashrate fleet to an installed base of 25 Exahash per Second (EH/s) by period end December 31, 2025 and accelerating demand for BUZZ HPC platforms.

Q3 FY2026 Financial Highlights:

Total Revenue: $93.1 million, a 219% increase from $29.2 million in Q3 FY2025 and a 7% increase over last quarter. Gross operating margin was $32.1 million or 34.5%, up from 18% in fiscal Q3 FY2025. See the calculation of direct costs and mining margin included below in this press release.

Digital Currency Hashrate Revenue: $88.2 million, up 8% from Q2 FY2026, reflecting a 41% quarter-over-quarter increase in average hashrate to 22.9 EH/s, partially offset by approximately 10% lower Bitcoin prices and 15% higher network difficulty. This hashrate revenue was achieved at a direct cost of $57.8 million, of which approximately 90% is energy costs. See the calculation of direct costs included below in this press release.

Bitcoin Output: Generated 885 Bitcoin, representing a 23% quarter over quarter increase, despite a 15% rise in network difficulty.

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HPC Revenue: BUZZ HPC revenue was $4.9 million during the quarter. This revenue was achieved against direct costs of $2.3 million.

G&A: $8.4 million, up from $7.8 million in Q2 2026, primarily as a result of increased staff to support HIVE’s global expansion, including Paraguay, and the BUZZ HPC business. Notably, while gross operating margin increased more than 6x year-over-year, corporate G&A grew only 1.8x over the same period, demonstrating operating leverage and disciplined scaling.

Net Loss: GAAP net loss of $91.3 million was primarily driven by $57.4 million in accelerated depreciation related to the Paraguay expansion and non-cash revaluation adjustments. The loss reflects HIVE’s decision to depreciate the next-generation ASIC fleet over a two-year cycle, rather than the typical four-year schedule, to reflect the faster pace of efficiency improvements and shorter economic lives of new ASICs—a conservative approach aligned with our strong growth in Paraguay and focus on operating income.

Adjusted EBITDA: $5.7 million.

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OPERATING PERFORMANCE: SCALE WITH DISCIPLINE

Infrastructure Expansion

Completed Paraguay Buildout and Achieved 25 EH/s: Operating 440 megawatts (MW) of global, hydro-powered capacity with 25 EH/s installed and 22.9 EH/s average operational hashrate, while reaching 17.5 Joules per Terahash (J/TH) fleet efficiency; record completion of 300 MW of green-energy Tier-I infrastructure brought online in 6 months (from May 2025 to November 2025).

Land & Power: The company signed an additional 100 MW PPA in Yguazú and bought 10 hectares of land, with energization targeted for Q4 2026. This maintains our growth in Paraguay by an additional 10 EH/s. Subsequent to the quarter end, the Company has purchased an additional 63 hectares of land.

Positioning for AI and HPC Growth

Future Capacity & Growth Outlook

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Accelerating AI Revenue: In February 2026, the Company signed a 2-year, $30 million contract for 504 Nvidia B200 GPUs. Expected deployments to be live in calendar Q1 2026 at Bell’s Tier-III facility; adds ~1$15 million of ARR and lifts HPC annualized revenue ~75% (from $20 million to $35 million). Targeting $140 million ARR by Q4 2026 for GPU AI Cloud with 11,000 GPUs, subject to market conditions and successful infrastructure deployment.

BUZZ’s Growth Plan: Targeting $225 million ARR for total HPC revenue for BUZZ HPC and GPU AI Cloud by end of calendar 2026 or early 2027 as GPU cloud and colocation capacity expands.

Strengthened Runway for Scalable Compute: By year-end, HIVE expects to operate a 540 MW energy footprint (440 MW currently operating, plus the additional 100 MW PPA contracted). Existing and incremental megawatts will be evaluated to preserve flexibility for highest-value deployments – toward expanding EH/s or supporting future AI and high-performance computing workloads.

Management Insights

Frank Holmes, HIVE’s Executive Chairman, stated, “This quarter marked an inflection point for HIVE. We delivered record revenue, scaled our renewable-powered Tier-I hashrate platform to 25 EH/s and accelerated our AI strategy. These milestones reflect disciplined execution across both engines of our business – Bitcoin hashrate services as the cash generator and BUZZ as our high-growth HPC platform, positioning HIVE for diversified, recurring revenue growth. Demand for AI compute continues to rise, and HIVE is leveraging its long track record in high-performance compute infrastructure and deep technical expertise in AI cloud services and data center operations to capture that opportunity. Notably, we are also positioning Paraguay to be a leader in HPC for Latin America. With abundant and stable green energy, and a government that is strongly-aligned with the United States, we believe Tier-III data centers are the future in Paraguay. Our future deployments in Paraguay will have the architecture and infrastructure footprint for Tier III future deployments as we build out our powered land. Our team has ordered the substation for the additional 100 MW at Yguazú, which we expect to come online in calendar Q3 2026. Moreover, the Company has a strategic alignment with Paraguay’s largest Tier III telecom datacenter operator, where we are sending a cluster of high-performance GPUs which will operate on the BUZZ AI Cloud out of Asuncion. Thus, by laying the foundation for long-term and rapid scale HPC Tier III Data Center deployment with our next 100 MW in Yguazú, and curating HIVE’s first Latin America GPU AI cloud proof-of-concept this quarter from Asuncion, our vision is to be a first mover in Latin America, powering the AI industrial revolution with renewable energy from Paraguay. HIVE will be a key economic driver for Paraguay, as we anticipate materially contributing to the GDP growth of the country through our data center construction expenditures and stable and long-term consumption of power from the Itaipu Dam, which will strengthen Paraguay’s domestic energy market and drive revenue for ANDE and the government. President Santiago Pena has demonstrated great leadership, along with Marcos Riquelme and Ruben Ramirez Lezcano, which gives us the confidence to advance our investments into Paraguay.”

Mr, Holmes continued, “Our wholly owned subsidiary, BUZZ AI has begun to demonstrate the scale of its earnings power. With this growth, our early-stage Paraguay platform becomes even more strategic, as we partner with a leading Tier III telecom data center operator in the country and deploy our first cluster of high-performance GPUs into that facility, demonstrating that our GPU chips have arrived and that Paraguay can be a cornerstone market for BUZZ in Latin America. Tier I data centers are a critical first step in building the power and infrastructure backbone required for future Tier III AI and HPC data centers, and we see them as the key runway for grid buildout and long-term capacity planning across our global platform. This is the strategy we are executing in Canada and Sweden today, and now in Paraguay as we develop large-scale, renewable powered Tier I capacity that can be systematically upgraded into Tier III AI and HPC data centers over time.”

Aydin Kilic, President & CEO, stated, “This quarter demonstrated HIVE’s execution in both our Tier-I hashrate platform and GPU AI Cloud. Our business has scaled substantially over the last year. Notably, our gross operating margin has increased over 6x YoY, from $5.3 million period end December 31, 2024 to $32.1 million this current period end December 31, 2025. At HIVE, we pursue accretive growth with a high-performance work culture, and this exponential growth in gross operating margin relative to corporate G&A reflects our expertise to scale with our Tier-I hashrate platform. Furthermore, this growth in corporate G&A includes added key personnel and talent to our BUZZ HPC and GPU AI Cloud business. In this fiscal quarter, we announced the purchase of 504 next-generation AI-optimized GPUs, and last week, ahead of their installation in March 2026 in the BUZZ Canada West facility, we announced the entire cluster was leased on a two-year fixed term contract valued at $30 million. As we expand BUZZ, we are leveraging our proven infrastructure operating model and deep technical expertise in AI to deliver GPU cloud and colocation capacity quickly and reliably for enterprise customers. With Tier-III+ capacity across Canada, Sweden and a growing pipeline of multi-year GPU cloud and colocation demand, we believe HIVE is positioned to build a durable, high-margin, recurring revenue platform through 2026 and beyond. This dual-engine strategy provides continued growth and sustained cashflow as we navigate the recent volatility in Bitcoin hashrate revenues.”

Darcy Daubaras, HIVE’s CFO, stated, “This quarter demonstrates strong revenue growth and operating margin expansion despite a more competitive hashrate environment. Accelerated depreciation impacted net income, but reflects conservative accounting and disciplined balance sheet management. We believe our cost structure and renewable power strategy position us to generate attractive operating margins as competition increases.”

Strategic Positioning

HIVE’s “dual-engine” strategy — Bitcoin infrastructure as cash generator and BUZZ AI Cloud as high-growth recurring revenue — provides diversification and capital allocation flexibility.

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The Company remains focused on:

• Expanding gross operating margin

• Scaling recurring AI revenue

• Maintaining disciplined G&A growth

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• Preserving balance sheet strength

With renewable-powered infrastructure across Canada, Sweden, and Paraguay, HIVE believes it is positioned to build a durable, margin-driven digital infrastructure platform through 2026 and beyond.

Conference Call Information

HIVE will hold its fiscal Q3 2026 earnings call on Tuesday, February 17 at 8:00 AM EST. To participate in this event, please log on or dial in approximately 5 minutes before the call.

Date: February 17, 2026

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Time: 8:00 AM EST

Webcast: Registration link here

Dial-in: Provided after registration

Financial Statements and MD&A

The Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) thereon for the three months ended December 31, 2025 will be accessible on SEDAR+ at www.sedarplus.ca under HIVE’s profile and on the Company’s website at www.HIVEdigitaltechnologies.com.

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¹ The Company has presented certain non-GAAP measures in this report. The Company uses EBITDA and Adjusted EBITDA as a metric that is useful to management, the board and investors for assessing its operating performance on a cash basis before the impact of non-cash items and acquisition related activities. EBITDA is net income or loss from operations, as reported in profit and loss, before finance income and expense, tax and depreciation and amortization. Adjusted EBITDA is EBITDA adjusted for by removing other non-cash items, including share-based compensation, finance expense, depreciation and one-time transactions. The following table provides an illustration of the calculation of EBITDA and Adjusted EBITDA for the last five quarters:

² Net realized and unrealized gains (losses) on digital currencies is calculated as the change in fair value (gain or loss) on the coin inventory, and the gain (loss) on the sale of digital currencies which is the net difference between the proceeds and the carrying value of the digital currency.

³ The following represents the Revenue and related costs that comprise the gross mining margin. We include connectivity, security, data center maintenance, and electrical equipment maintenance. Electrical costs may vary quarter over quarter.

*Average revenue per BTC is for hashrate services operations only and excludes HPC operations.

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⁴ References to annualized revenue and run-rate revenue are considered future-oriented financial information. Readers should be cautioned that this information is used by the Company only for the purpose of evaluating the merit of this line of its business operations and may not be appropriate for other purposes.

Quarterly ATM Sales Report

For the three-month period ended December 31, 2025, the Company issued 4,925,948 common shares (the “November 2025 ATM Shares”) pursuant to the at-the-market offering commenced in November 2025 (the “November 2025 ATM Equity Program”) for gross proceeds of C$22.0 million ($15.8 million). The November 2025 ATM Shares were sold at prevailing market prices, for an average price per November 2025 ATM Share of C$4.47. Pursuant to the November 2025 ATM Equity program, a cash commission of $153 thousand on the aggregate gross proceeds raised was paid to the sales agents in connection with its services under the November 2025 ATM Equity Program.

About HIVE Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE’s twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.

For more information, visit hivedigitaltech.com, or connect with us on:

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X: https://x.com/HIVEDigitalTech

YouTube: https://www.youtube.com/@HIVEDigitalTech

Instagram: https://www.instagram.com/hivedigitaltechnologies/

LinkedIn: https://linkedin.com/company/hiveblockchain

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On Behalf of HIVE Digital Technologies Ltd.

“Frank Holmes”

Executive Chairman

For further information, please contact:

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Nathan Fast, Director of Marketing and Branding

Frank Holmes, Executive Chairman

Aydin Kilic, President & CEO

Tel: (604) 664-1078

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes but is not limited to: the acquisition of the new sites in Paraguay and Toronto and their potential, the timing of it becoming operational; business goals and objectives of the Company, including its target hashrate milestones and the costs to achieve the milestones; the results of operations for the three and nine months ended December 31, 2025; the expected costs of maintaining and growing its operations; financial information related to annualized run rate; the acquisition, deployment and optimization of the hashrate fleet and equipment; the continued viability of its existing Bitcoin hashrate services operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.

Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company’s operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our hashrate facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company’s ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency hashrate assets; the impact of energy curtailment or regulatory changes in the energy regimes in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of Tier-I hashrate services in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate Tier-I hashrate assets; the risks of an increase in the Company’s electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in which the Company operates and the adverse impact on the Company’s profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so.

The forward-looking information in this news release reflects the Company’s current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about its objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Bitcoin is now front-running the Fed rather than reacting to it. ETFs are the cause

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(Binance Research)

Bitcoin may no longer move in step with Federal Reserve policy, according to a new report from Binance Research, which points to a structural shift driven by spot exchange-traded funds.

For years, crypto markets reacted sharply to interest rate signals, with bitcoin falling when central banks tightened monetary policy.

That pattern now appears to be breaking as Binance data shows bitcoin’s correlation with its Global Easing Breadth Index, which tracks 41 central banks, has turned strongly negative since 2024. Spot bitcoin ETFs were approved by the U.S. Securities and Exchange Commission (SEC) in January 2024.

(Binance Research)

Before ETFs, the relationship was mildly positive, with BTC tending to follow global easing cycles by several months. Now, the report finds the opposite effect is nearly three times stronger, suggesting the old link has reversed.

The change reflects a shift in who drives prices. Retail investors once dominated crypto trading and reacted to macro news. ETFs allowed institutions to play a bigger role, and these firms often positioned months ahead of policy changes, treating BTC as a forward-looking asset.

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“As a result, BTC may have evolved from a macro ‘lagging receiver’ to a ‘leading pricer,” Binance Research wrote. “A peak in easing may already be old news for BTC, and crypto-native drivers—such as policy progress and institutional flows—could matter more than the direction of monetary easing itself.”

The findings come as markets grapple with renewed stagflation fears tied to rising oil prices and growing geopolitical tensions over the war in the Middle East.

Rate expectations have swung from projected cuts to possible hikes, a backdrop that historically pressured risk assets.

Binance argues that the reaction may be overstated. In past cycles, central banks often pivoted to support growth despite inflation spikes. If history repeats itself, central banks are to eventually prioritize growth over inflation, and bitcoin will likely price that pivot earlier than expected.

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Bitcoin range shrinks as power law model holds

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Bitcoin range shrinks as power law model holds

Bitcoin drew mixed public views after new comments from market observers focused on long-term performance and price structure. 

Summary

  • Adam Livingston said Bitcoin trades 0.94 sigma below center as price structure tightens around power law.
  • Livingston said Bitcoin’s historical trading range compressed sharply, with crashes and blowoff tops becoming less extreme.
  • Peter Schiff said Bitcoin gained 12% in five years, trailing stocks, gold, and silver.

Adam Livingston said Bitcoin’s recent price action shows a more stable pattern. In a post on X, he wrote that the asset’s oscillations are “dampening” and that the “funnel is closing.” He said this pattern shows Bitcoin moving closer to equilibrium around its long-term power law center.

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He added that Bitcoin now sits about “−0.94σ below center,” which he described as below trend and below fair value. Livingston said the narrowing range suggests blowoff tops are fading and that large crashes are also becoming less severe.

Livingston said Bitcoin’s trading range has tightened over time. He wrote that the 5.3σ range seen in 2011 to 2013 has compressed to 1.4σ in the 2021 to 2025 period. He argued that this shift shows Bitcoin trading in a narrower channel as the market matures.

He also pointed to the model’s reported strength during major market events. According to his post, the power law model absorbed the 2022 market crash, the FTX collapse, the 2024 recovery, the 2025 top, and the current drawdown, while its R² value rose to 0.961.

Schiff questions Bitcoin’s long-term edge

As we recently reported, Peter Schiff took a different view by focusing on Bitcoin’s five-year return. He said Bitcoin gained 12% over that period. He also said the Nasdaq rose 57.4%, the S&P 500 gained 59.4%, gold climbed 163%, and silver advanced 181%.

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Using those figures, Schiff asked, 

“If the appeal of Bitcoin is its superior long-term performance, why should anyone keep HODLing it?” 

His remarks placed Bitcoin’s recent record next to more traditional markets and metals.

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Silver Price Rally Faces Dump Risk as Leverage and Thin Liquidity Build Up

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Silver has surged over 140% in 2026, drawing direct comparisons to the dramatic 2011 price collapse pattern
  • Strong industrial demand from EVs and solar panels is attracting more leverage, raising crash risk further
  • Silver’s $30B annual market size makes it highly vulnerable to violent swings driven by capital flow shifts
  • Forced selling through futures, ETFs, and thin liquidity could trigger a rapid cascade once the turn begins

Silver’s sharp rally in 2026 is drawing comparisons to the dramatic 2011 price collapse, with analysts warning that crowded positioning and thin market liquidity could trigger a violent reversal.

The metal has climbed over 140% recently, fueling widespread optimism. However, some market observers believe the current setup mirrors past cycles where strong narratives masked serious structural risks beneath the surface.

2011 Pattern Resurfaces as Silver Climbs Past Key Levels

The 2011 silver rally remains one of the most studied price events in commodity markets. Silver ran from $18 to $49 within months before collapsing sharply. The driving forces then included quantitative easing, inflation fears, and a retail rush into hard assets.

Narratives during that period sounded strikingly similar to today. Talk of shortages, undervaluation against gold, and early-stage positioning dominated market commentary. Yet the fundamentals never supported those price levels, and supply remained adequate throughout.

Crypto analyst BLADE recently noted on X that the 2011 collapse was never about silver itself. “It was about liquidity,” the post read, adding that high prices killed demand as manufacturers began reducing silver usage.

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The breakdown came fast once positioning unwound. Silver dropped from $49 to $30 within days, eventually falling to $15 over time. The move was driven entirely by leverage and positioning shifts rather than any change in the underlying asset.

Strong Fundamentals May Be Attracting More Leverage, Not Less Risk

Today’s silver market does carry stronger fundamentals than 2011. Industrial demand from electric vehicles, solar panels, and electronics is real. Supply deficits exist, and inventory levels are tighter than in prior cycles.

However, BLADE warned that stronger fundamentals can make situations more dangerous. “Strong fundamentals don’t prevent crashes — they attract more leverage,” the post stated directly.

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Silver remains a structurally thin market, valued at roughly $30 billion annually. Most trading activity runs through derivatives rather than physical markets. That structure means price action is driven by capital flows, not fundamental value.

Silver does not peak when the story falls apart. It peaks when positioning becomes crowded, margin reaches its limit, and exit liquidity disappears.

At that point, forced selling starts, and the cascade effect moves quickly through futures markets, ETFs, and market makers simultaneously.

The pattern BLADE described shows how silver can still push higher before any reversal. Parabolic moves tend to stretch beyond expectations.

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The concern is not about direction but about what happens when the turn comes. In thin, leveraged markets, that turn rarely offers time to react before significant losses accumulate.

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Peter Schiff questions Bitcoin after Gold, Silver outpace BTC

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Goldbug Peter Schiff says the U.S. dollar is facing massive deleveraging as metals surge and crypto stalls

Peter Schiff has renewed his criticism of Bitcoin by questioning its long-term value as an investment. 

Summary

  • Peter Schiff: Bitcoin gained 12% in five years, trailing gold, silver, Nasdaq, and S&P 500.
  • Michael Saylor said Bitcoin has outperformed assets since August 2020, arguing time frame changes comparisons.
  • Santiment data showed Bitcoin bearish sentiment reached late-February highs, with ratio at 0.81 in comments.

In a post on X, he compared Bitcoin’s five-year return with gains in the Nasdaq, S&P 500, gold, and silver. His remarks framed the debate around whether Bitcoin still offers a stronger long-term case than traditional assets.

Peter Schiff said Bitcoin rose only 12% over the past five years. He also pointed to stronger gains in other markets during the same period. According to the figures shared in his post, the Nasdaq rose 57.4%, the S&P 500 gained 59.4%, gold climbed 163%, and silver advanced 181%.

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Schiff used those numbers to raise doubts about Bitcoin’s long-term edge.

“If the appeal of Bitcoin is its superior long-term performance, why should anyone keep HODLing it?,” he asked.

His statement focused attention on Bitcoin’s recent record against both equities and precious metals.

Michael Saylor responded by arguing that the comparison depends on the starting point. He said, “Timeframes matter,” and added that Bitcoin has led major assets since August 2020. His reply shifted the discussion from a fixed five-year window to a broader performance view.

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Saylor also said that a longer chart would favor Bitcoin even more. He wrote that Bitcoin is the top-performing major asset since August 2020 and said the gap “only widens” when the time span increases. His response reflected a common view among Bitcoin supporters who prefer longer-term comparisons.

Kiyosaki links pressure to older policy shifts

Robert Kiyosaki added another angle to the discussion by linking current financial stress to changes that began in 1974. In his post, he said “the future created in 1974 has arrived” and tied today’s debt and inflation concerns to that period. He also connected those changes to the petrodollar system and retirement planning.

Kiyosaki said baby boomers now face growing pressure as pensions gave way to market-based retirement accounts. His comments widened the discussion beyond Bitcoin price alone and placed it inside a broader debate about money, savings, and household finances.

In addition, market sentiment data also showed a cautious tone around Bitcoin. Santiment said bearish discussion on social platforms reached its highest level since late February. The platform reported that the bullish-to-bearish comment ratio dropped to 0.81.

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That reading showed weaker trader confidence during the latest market discussion. Santiment also noted that extreme fear can sometimes work as a contrarian signal, as markets often move against the crowd when negative sentiment becomes too strong.

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Is ZunaBet Benefiting From Rising Stake.com Alternative Searches?

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Zunabet Slots

The online gambling industry has seen a noticeable trend in recent months. More players are searching for alternatives to Stake.com, one of the biggest names in crypto gambling. While Stake remains a major player, a growing number of users appear to be looking for something new. One platform that keeps showing up in those conversations is ZunaBet, a crypto-focused casino and sportsbook that launched in 2026.

So what is driving these searches, and does ZunaBet actually offer something different? This article breaks down both platforms and looks at why players are exploring new options.


The Rise of Stake.com

Stake.com has been one of the most recognized names in crypto gambling for several years. It built its reputation on a clean interface, fast crypto transactions, and a strong presence in the sports sponsorship space. The platform offers thousands of casino games, a full sportsbook, and its own original games that have attracted a loyal user base.

Stake also gained significant visibility through partnerships with high-profile figures and sports teams. That marketing push helped it become a household name in the crypto gambling world.

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However, no platform stays on top without facing competition. As the crypto casino market has matured, players have started looking for platforms that offer better rewards, bigger game libraries, or a fresh experience. Search data suggests that terms like “Stake alternative” and “sites like Stake” have been climbing steadily. This is not unusual in a fast-moving industry where players are always looking for the next best option.


What Is ZunaBet?

ZunaBet is a crypto-first online casino and sportsbook that launched in 2026. It is owned by Strathvale Group Ltd and operates under an Anjouan gaming license (ALSI-202510047-FI2). The team behind it has over 20 years of combined experience in the online gambling industry.

The platform offers 11,294 games from 63 providers, making it one of the larger crypto-focused game libraries currently available. Providers include well-known names like Pragmatic Play, Hacksaw Gaming, Evolution, Yggdrasil, and BGaming. The game selection covers slots, RNG table games, and live dealer titles.

Zunabet Slots
Zunabet Slots

Beyond the casino, ZunaBet runs a full sportsbook covering major sports like football, basketball, tennis, and NHL, along with esports titles including CS2, Dota 2, League of Legends, and Valorant. Virtual sports and combat sports are also available, making it a genuine hybrid platform.

ZunaBet supports over 20 cryptocurrencies including BTC, ETH, USDT across multiple chains, SOL, DOGE, ADA, and XRP. The platform does not charge processing fees and emphasizes fast withdrawals, which is a selling point for crypto users who are used to waiting at traditional casinos.

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ZunaBet Sports
ZunaBet Sports

The platform also offers dedicated apps for iOS, Android, Windows, and MacOS, along with 24/7 live chat support.


The Welcome Bonus Comparison

One area where ZunaBet stands out is its welcome offer. New players can access up to $5,000 in bonuses plus 75 free spins spread across their first three deposits. The breakdown is straightforward: 100% up to $2,000 plus 25 spins on the first deposit, 50% up to $1,500 plus 25 spins on the second, and 100% up to $1,500 plus 25 spins on the third.

This structure encourages players to stick around beyond their first session, which benefits both the platform and the player. Compared to many crypto casinos that offer a single deposit bonus, the multi-deposit approach gives players more value over time.

Welcome Bonus
Welcome Bonus

Stake.com, by contrast, has historically taken a different approach to bonuses, often relying on its VIP program and reload offers rather than large upfront welcome packages. For players who want immediate bonus value from day one, ZunaBet’s offer is hard to ignore.


Loyalty Programs: Dragons vs. Traditional VIP

This is where things get interesting. Most online casinos use a fairly standard VIP system with generic tier names and incremental perks. ZunaBet has gone a different route with what it calls a dragon evolution system.

The program has six tiers: Squire, Warden, Champion, Divine, Knight, and Ultimate. Each tier comes with increasing rakeback percentages, starting at 1% for Squire and going up to 20% for Ultimate. Other benefits include tier-based free spins (up to 1,000), VIP club access, and double wheel spins. The program is built around a mascot called Zuno, giving it a gamified feel that sets it apart from the typical loyalty experience.

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Zunabet VIP Levels
Zunabet VIP Levels

For players who grind regularly, the difference between 1% and 20% rakeback is significant. It directly impacts how much value they get back from their play over time. This kind of structured, transparent reward system appeals to a generation of players who grew up with progression systems in video games and want that same sense of advancement in their gambling experience.

Stake.com has its own VIP program, which is well-regarded in the industry. But it operates on a more invite-based, less transparent model. Some players prefer knowing exactly where they stand and what they need to do to reach the next level, which is where ZunaBet’s approach has an edge.


Crypto-First vs. Traditional Platforms

The broader trend behind all of this is the ongoing shift from traditional fiat-based gambling platforms to crypto-first operators. Major brands like DraftKings, BetMGM, Caesars, and FanDuel still dominate in regulated markets, but they are built around traditional payment methods. Deposits and withdrawals often take days, come with fees, and require extensive verification processes.

Crypto casinos like ZunaBet and Stake flip that model. Transactions are faster, fees are lower or nonexistent, and players have more control over their funds. For a growing segment of players who already hold and use cryptocurrency, this is simply a better experience.

Zunabet Payments
Zunabet Payments

ZunaBet leans into this fully. With support for 20+ coins and no platform processing fees, it is built from the ground up for crypto users rather than being a traditional casino that added crypto as an afterthought.


Is ZunaBet the Future for a New Generation of Players?

There is a reasonable case to be made that platforms like ZunaBet represent where online gambling is heading. The combination of a massive game library, integrated sportsbook and esports betting, crypto-native payments, and a gamified loyalty system checks a lot of boxes for younger, digitally native players.

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This is a generation that expects fast transactions, transparent rewards, mobile-first design, and variety. They are not interested in waiting three to five business days for a withdrawal or navigating clunky interfaces built a decade ago.

ZunaBet is still new, and it will need to prove itself over time in areas like customer service consistency, game fairness, and long-term reliability. But the early signs suggest it is a platform worth watching. The fact that it is already appearing in conversations about Stake alternatives says something about the demand for fresh options in the crypto gambling space.


The Bottom Line

The rise in searches for Stake.com alternatives reflects a healthy, competitive market where players are not locked into one platform. Stake remains a strong option with a proven track record, but ZunaBet is making a compelling case as the more exciting new entry in the space.

With 11,000+ games, 20+ supported cryptocurrencies, a $5,000 welcome bonus, a unique dragon-themed loyalty program, and a full sportsbook, ZunaBet offers a package that is hard to overlook. For players looking for something fresh in the crypto casino world, it is quickly becoming the platform to watch in 2026.

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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Kiyosaki urges Bitcoin and gold as the 1974 shift comes full circle

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Crypto Breaking News

Robert Kiyosaki, the author of Rich Dad Poor Dad, argues that the long-running economic shifts set in motion more than five decades ago are now unfolding in full force. He has repeatedly urged readers to consider Bitcoin and gold as hedges against rising debt, inflation and retirement risk, framing them as “real money.”

In a recent post on X, Kiyosaki pointed to 1974 as a turning point that reshaped money and retirement in the United States, linking the move toward a petrodollar framework with policy changes affecting pensions. “The future created in 1974 has arrived,” he wrote, tying the dollar’s evolution after the end of the gold standard to today’s inflationary pressures and energy tensions. He also highlighted the Employee Retirement Income Security Act, known as ERISA, which introduced new rules for pension plans and reflected a broader shift toward market-based retirement savings.

According to Kiyosaki, that transition replaced guaranteed lifetime income for many workers with vehicles such as 401(k)s, placing more risk on individuals. “Millions of baby-boomers will soon find out they have no income once they stop working,” he warned.

Kiyosaki’s stance: Bitcoin and gold as anchors in a shifting era

Kiyosaki reiterated his call for financial education and diversification into non-traditional stores of value. He continues to advocate assets like gold, silver and Bitcoin, which he describes as “real money.”

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Last month, he warned that a major financial bubble could be approaching and suggested that a crisis might trigger a sharp rally in scarce assets like Bitcoin. He has previously floated a scenario in which Bitcoin could reach about $750,000 within a year of such a crash.

Bearish sentiment climbs, but contrarian signals linger

In the broader market, Bitcoin sentiment on social media has tilted toward caution. Data from crypto analytics firm Santiment shows the bullish-to-bearish comment ratio has dropped to 0.81—the lowest level in weeks and the strongest bearish tilt since late February. While such mood can reflect near-term pressure, Santiment notes it can also serve as a contrarian indicator, with markets often moving opposite to crowded sentiment.

Cointelegraph has previously highlighted how macro risk and liquidity cycles influence Bitcoin’s price, and recent coverage underscored the dynamics of investor behavior during periods of inflation and tightening financial conditions. For example, Cointelegraph reported that rich Bitcoin traders faced significant daily losses in Q1 2026, underscoring the tension between risk appetite and market fragility. Rich Bitcoin traders lost $337M daily in Q1 2026.

Macro backdrop and what investors should watch next

The thread tying Kiyosaki’s argument is a macro narrative: a decades-long drift from the gold standard toward a petrodollar paradigm, alongside reforms that shifted retirement risk to individuals. Investors are watching how debt levels, inflation, energy geopolitics and retirement policy interact with demand for scarce assets like Bitcoin and gold. The market context remains nuanced, with both optimistic and cautionary viewpoints coexisting as policy signals and macro data evolve.

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What matters going forward is not only the timing of any potential price moves but how the broader environment—rising debt, policy shifts, and energy dynamics—shapes demand for hedges and stores of value. The conversation around Bitcoin as a hedge and as a potential growth asset continues to be framed by longer-term macro developments as much as by short-term price action.

Looking ahead, readers should monitor inflation readings, policy guidance, and any shifts in retirement reform or energy supply that could influence demand for Bitcoin and gold as alternative anchors in a changing financial system.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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XRP slips behind BNB as seven-month slide deepens

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XRP Price Glitch Sends XRP to $126 on CNBC Broadcast


XRP fell to fifth in crypto market cap rankings as BNB moved ahead, with weekly ETF outflows and a seven-month slide weighing on price now.

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Bitcoin bottom or bull trap? Whales and bears disagree

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Bitcoin whales add 61,568 BTC as price slips again

Bitcoin is showing mixed signals as on-chain data points in two different directions. 

Summary

  • CryptoQuant said record Bitcoin inflows to accumulation addresses showed whales were quietly building positions daily.
  • XWIN Research Japan said STH-SOPR near one showed short-term holders were selling at losses.
  • Negative Coinbase Premium showed weak US demand, keeping Bitcoin bottom confirmation out of reach now.

CryptoQuant analyst CW8900 said Bitcoin inflows to accumulation addresses are setting new records each day. The analyst said a large amount of BTC is moving into these wallets even as the market trades in a sideways range.

According to CW8900, whale activity appears to be keeping price action stable while accumulation continues. The analyst said large holders are maintaining prices and adding Bitcoin instead of selling into the market and creating panic among smaller investors.

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CW8900 also said retail participation has thinned out. The analyst wrote that most retail investors have already left the market, leaving only a small group of participants while whales continue to build positions.

That reading supports the view that large players are buying quietly during a period of weak volatility. CW8900 said the trend increases the chance of an upward move if buying pressure continues without major disruption to price.

XWIN Research Japan presented a different view and said the market bottom is “not confirmed.” The firm pointed to the Short-Term Holder SOPR, or STH-SOPR, which tracks whether short-term holders are selling Bitcoin at a profit or a loss.

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The report said the indicator is hovering around or below 1. That level usually shows that short-term holders are selling at a loss, a pattern often seen when weaker hands exit during a correction.

XWIN Research Japan said this can appear in the early stage of bottom formation. Still, the firm said that selling pressure alone does not confirm a reversal unless buyers step in with clear demand.

That is why the firm also focused on the Coinbase Premium Gap. The metric tracks the price difference between Coinbase and other exchanges and is often used as a signal for US spot demand.

Weak Coinbase premium keeps bottom debate open

XWIN Research Japan said the Coinbase Premium remains in negative territory. The firm said that reading shows US investors are not buying Bitcoin aggressively at current levels.

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The report added that earlier bull phases often featured a steady positive premium, which helped support stronger upside momentum. That condition has not returned in the current market, according to the firm.

Taken together, the two views show a divided setup for Bitcoin. Whale wallets appear to be absorbing supply, but weak US demand is keeping the “bottom not confirmed” argument in place for now.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Bitcoin Holds Near $67K This Easter as Market Enters Post-Peak Cooling Phase

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Bitcoin’s Easter prices show a steady rise from $5 in 2012 to $84.5K in 2025 before easing in 2026.
  • Historical data reveals repeated cycles of growth followed by corrections across different market phases.
  • The 2026 Easter price near $67K reflects a cooldown after the late 2025 peak above $120K.
  • Current price action remains range-bound, signaling consolidation as the market searches for direction.

Bitcoin traded near $67,000 during Easter 2026, marking a pause after a sharp correction from late 2025 highs. Historical Easter data shows how the asset has evolved through cycles, reflecting both rapid growth phases and periods of consolidation.

Bitcoin’s Easter Prices Trace Its Evolution Across Market Cycles

Data shared by Watcher.Guru outlines Bitcoin’s Easter price history from 2012 to 2026. The asset traded at $5 in 2012 and climbed steadily over the years. By 2017, it had reached $1,195, reflecting early adoption and rising demand.

The trend continued into later cycles, with Easter 2021 recording $58,000 during a strong rally. However, prices have not moved in a straight line.

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For instance, Easter 2018 saw $6,850, followed by a drop to $5,325 in 2019. This pattern shows alternating growth and correction phases.

Moving forward, Bitcoin reached $70,000 in Easter 2024 and $84,500 in 2025. These levels followed a strong upward phase that pushed the asset above $120,000 later in 2025. Yet, Easter 2026 shows a pullback to $67,000, reflecting a cooling period after the peak.

This historical data presents a clear pattern of expansion followed by retracement. Each cycle builds on the previous one, although corrections remain part of the trend. As a result, Easter prices provide a snapshot of Bitcoin’s position within broader market cycles.

2026 Easter Reflects Consolidation After Sharp Decline

Price action places Bitcoin near $66,795 as of writing, holding within a narrow range. The market has formed lower highs and lower lows since the late 2025 peak. This structure confirms a bearish trend despite the recent stabilization.

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At the same time, the price is moving sideways between $65,000 and $75,000. This range indicates a balance between buyers and sellers after the earlier sell-off. Such periods often appear after strong declines, as the market searches for direction.

Technical indicators support this view of stabilization. The Relative Strength Index remains below 50, showing limited bullish strength. However, it has recovered from oversold levels, suggesting that selling pressure has slowed.

Similarly, the MACD shows weak momentum, with a slight negative reading and limited follow-through. Although a crossover attempt occurred, it has not developed into a clear trend. This aligns with the ongoing consolidation phase.

Key levels remain unchanged during this period. Support holds near $65,000, while $60,000 stands as a deeper floor. On the upside, resistance near $75,000 continues to limit upward movement, with $90,000 acting as a higher barrier.

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Looking at the broader cycle, Bitcoin has moved through accumulation, markup, distribution, and markdown phases. The current period appears to be a pause following the markdown phase of early 2026. Price behavior within this range will determine the next stage.

Bitcoin’s Easter history continues to reflect its cyclical nature. While long-term growth remains visible, short-term movements show that corrections remain part of the market structure.

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Ethereum Tests Key Range Support as Monthly Structure Signals Critical Turning Point

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Ethereum is nearing a multi-year support zone, where demand has historically driven strong price reversals.
  • Monthly chart structure shows ETH moving within a defined range between $1,500 and $5,000 levels.
  • Tightening volatility suggests a breakout may occur soon as price compresses near key support.
  • Traders monitor for bullish confirmation signals before positioning within the current range setup.

Ethereum is approaching a critical support range on higher timeframes, as recent market structure points to a prolonged consolidation phase.

Analysts are closely watching price behavior near key levels, where risk-to-reward setups tend to favor strategic positioning within established boundaries.

Ethereum Tests Range Extremes on Higher Timeframes

Recent analysis shared by market participant Lennaert Snyder points to Ethereum revisiting a key monthly support zone.

His observations focus on a “sell-to-buy” candle that initiated the move toward the all-time high. That area now acts as a technical reference for long-term traders.

According to the tweet, price is testing the lower boundary of a multi-year range. This zone aligns with previous demand and remains a focal point for potential accumulation.

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The presence of a long wick in that candle suggests liquidity remains in that region. Markets often revisit such wicks before establishing a directional move.

The broader monthly structure presents a clear cycle. Ethereum surged during 2020 and 2021, followed by a sharp decline in 2022.

Since then, price has moved sideways, forming a wide horizontal range. This structure indicates a market without a strong directional trend.

The range is defined by resistance near $4,800 to $5,000 and support between $1,500 and $1,700. These levels have repeatedly acted as turning points. Buyers tend to step in near the lower boundary, while sellers dominate near the upper limit.

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Snyder’s commentary suggests that testing this lower range extreme could offer favorable setups. Traders often seek entries in such zones due to tighter risk control. However, confirmation through price action remains essential before any directional bias is established.

Consolidation Phase Signals Potential Expansion

On lower timeframes, Ethereum reflects a similar pattern of compression. After a sharp decline earlier this year, price stabilized and moved within a narrower range. This aligns with the broader monthly structure, reinforcing the idea of consolidation.

Technical indicators show reduced volatility, as Bollinger Bands have tightened. This typically precedes larger price movements, although direction remains uncertain. At the same time, momentum indicators indicate weakening bullish pressure in the short term.

Price currently trades near the middle to lower portion of its recent range. Resistance remains firm around $2,200 to $2,300, while support sits near $1,900. These levels act as immediate barriers within the broader structure.

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The projected path shared in the analysis suggests a possible dip into deeper support. This move could sweep liquidity before a potential reversal. Such behavior is common in range-bound markets, where stop levels attract price action.

Two scenarios remain in focus. If Ethereum holds the lower support zone, a gradual move toward mid-range levels near $3,000 could follow. Continued strength may then push price toward the upper boundary of the range.

On the other hand, a breakdown below $1,500 on a monthly close would shift the structure. This would indicate a loss of support and open the door for further downside. Market participants continue to monitor these levels closely as price approaches a decision point.

As Ethereum trades near range extremes, attention remains on confirmation signals. The coming months are expected to provide clearer direction within this established structure.

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