Simon Gerovich, CEO of the publicly traded Japanese firm Metaplanet, has urged Japan to follow in the footsteps of the United States by establishing a Bitcoin reserve. His vision? Transforming Japan into a global Bitcoin superpower.
Metaplanet’s Bitcoin Reserve Strategy
Gerovich highlighted the company’s remarkable 45.1% return on its Bitcoin investments in 2025. Metaplanet has allocated approximately $240.2 million towards Bitcoin acquisitions, with an average purchase price of $83,172 per BTC. The company’s proactive accumulation strategy reflects its belief in Bitcoin’s long-term value and the necessity of a national Bitcoin reserve.
“The opportunity to purchase Bitcoin won’t last forever, and soon there will be two types of people: those who own Bitcoin and those who regret not buying it.” – Simon Gerovich
Japan’s Crypto Dilemma
Gerovich’s comments come at a time when global adoption of Bitcoin reserves is gaining traction. With the United States embracing a Bitcoin reserve strategy, Metaplanet’s CEO believes Japan must act swiftly to remain competitive in the evolving financial landscape.
Key Takeaways:
Bitcoin as a National Reserve – Gerovich advocates for Japan to adopt a Bitcoin reserve in its financial strategy.
Metaplanet’s Profits – The company has seen a 45.1% return on its BTC investments.
Urgency in Accumulation – Gerovich warns that the window to buy Bitcoin at competitive prices is closing.
National Strategy Debate – Japan’s policymakers now face increasing pressure to reconsider their stance on a Bitcoin reserve.
The Road Ahead
As Metaplanet continues to accumulate Bitcoin, Japan’s stance on a Bitcoin reserve remains a subject of debate. Whether the nation will follow Metaplanet’s lead and integrate Bitcoin into its reserve strategy is yet to be seen.
What do you think? Should Japan embrace a Bitcoin reserve as part of its national financial strategy?
South Korea is exploring the possibility of incorporating Bitcoin Reserve strategies into its national financial framework.
In a recent seminar, financial experts and opposition party members proposed adding Bitcoin to the national reserve and developing a won-backed stablecoin as a response to global shifts in digital asset policies.
Bitcoin Reserve: A Strategic Move?
The discussion stems from concerns over the United States’ Bitcoin Reserve initiatives, which have sparked interest and debate worldwide. Kim Jong-seung, CEO of blockchain company xCrypton, stressed the importance of South Korea establishing a clear regulatory stance on Bitcoin.
“As the U.S. moves forward with a Bitcoin Reserve strategy, South Korea must act swiftly to ensure financial stability and competitiveness,” he stated.
Key Considerations
Bitcoin Reserve Adoption: Experts believe adding Bitcoin to South Korea’s national reserve could hedge against inflation and strengthen financial security.
Stablecoin Development: A Korean won-backed stablecoin could enhance financial efficiency and cross-border transactions.
Regulatory Challenges: Policymakers remain divided on the feasibility and implications of a Bitcoin Reserve, with concerns over volatility and security risks.
Implications for South Korea
If implemented, this strategy could place South Korea at the forefront of global crypto adoption. However, regulatory clarity and international cooperation will be crucial in determining the success of a Bitcoin Reserve approach.
Conclusion
The Bitcoin Reserve debate is gaining momentum in South Korea. While there are both opportunities and risks, the nation must act decisively to navigate the evolving financial landscape. Will South Korea embrace Bitcoin as part of its national reserve strategy? Only time will tell.
The crypto ETF landscape is evolving rapidly, with new filings, expert predictions, and market movements signaling a transformative era for digital asset adoption. Despite recent short-term volatility, the broader trend points to a future where crypto ETFs unlock unprecedented opportunities for investors.
Here’s why the outlook remains overwhelmingly positive:
1. Altcoin ETFs Enter the Arena: Diversification Goes Mainstream
The ETF wave is no longer limited to Bitcoin and Ethereum. Major players are now pushing for exposure to altcoins, reflecting growing institutional confidence in the broader crypto ecosystem:
– Bitwise Files for Spot Dogecoin ETF: Known for its meme-driven origins, Dogecoin ($DOGE) could gain legitimacy through a regulated ETF. Bitwise’s filing with the NYSE signals that even niche cryptocurrencies are being eyed for mainstream investment vehicles.
– Grayscale Doubles Down: After converting its Bitcoin Trust (GBTC) into an ETF, Grayscale is now targeting Cardano ($ADA) and Polkadot ($DOT) ETFs. These filings highlight a strategic pivot toward multi-chain ecosystems, acknowledging the value of blockchain interoperability and niche use cases.
This expansion suggests that crypto ETFs are maturing beyond “blue-chip” assets, offering investors diversified exposure to innovative projects.
2. Short-Term Outflows Mask Long-Term Potential
While recent data shows outflows from Bitcoin and Ethereum ETFs, this is likely a temporary recalibration rather than a bearish signal:
– Bitcoin ETFs: Saw $590.8M in outflows this week, potentially due to profit-taking after January’s historic rally or shifts in investor portfolios.
– Ethereum ETFs: Recorded $69.7M in outflows, possibly reflecting cautious sentiment ahead of the SEC’s pending decision on spot Ethereum ETFs (expected mid-2024).
Context matters: Bitcoin ETFs have still amassed $12+ billion in net inflows since launch, and Ethereum’s outflows pale in comparison to its $30B+ market cap. Analysts view this as healthy consolidation, not a loss of faith.
3. Expert Optimism: “BTC to $150K” and Beyond
Prominent voices are doubling down on bullish forecasts tied to ETF growth:
– Tom Lee of Fundstrat: Predicts Bitcoin could surge to $150,000+ if spot ETFs gain full traction, citing inflows from retirement funds, wealth managers, and global institutions.
– Cathie Wood (ARK Invest): Has similarly argued that ETFs will drive Bitcoin to $1.5M+ by 2030 as allocation percentages rise in institutional portfolios.
These projections hinge on ETFs acting as a gateway for *trillions* in traditional capital to enter crypto markets—a process that’s only just begun.
4. Regulatory Progress: A Path to Mass Adoption
The SEC’s approval of spot Bitcoin ETFs in January 2024 set a critical precedent. While regulators remain cautious, the flood of new filings (Dogecoin, Cardano, Polkadot) indicates that:
– Innovation is outpacing skepticism: Institutions are willing to navigate regulatory hurdles to meet investor demand.
– Political tides are shifting: Bipartisan support for crypto frameworks (e.g., FIT21 Act) in the U.S. could further accelerate ETF approvals.
Even Gary Gensler, the SEC’s skeptical chair, acknowledged that Bitcoin ETFs reflect “efficiency and competition” in markets.
5. The Big Picture: A New Era for Crypto Investing
The ETF boom is reshaping finance in three key ways:
1. Accessibility: Retail and institutional investors can now gain crypto exposure through familiar, regulated channels (e.g., retirement accounts). 2. Liquidity: ETFs enhance price discovery and reduce volatility by attracting deeper capital pools. 3. Innovation: Altcoin ETFs could validate blockchain projects with real-world utility (e.g., Cardano’s academic rigor, Polkadot’s interoperability).
Challenges Ahead
– Regulatory Scrutiny: The SEC may delay altcoin ETFs due to concerns about market manipulation or custody.
– Fee Wars: Intense competition (e.g., BlackRock’s 0.12% fee) could pressure smaller issuers.
– Market Sentiment: Macroeconomic factors (interest rates, inflation) may impact short-term ETF flows.
Conclusion: ETFs Are Just the Beginning
The recent filings, outflows, and expert forecasts all point to one truth: crypto ETFs are here to stay, and their long-term impact will dwarf today’s noise. As the market matures, products like Dogecoin, Cardano, and Polkadot ETFs could democratize access to the next generation of blockchain innovation—while Bitcoin and Ethereum ETFs pave the way for trillion-dollar inflows.
For investors, the message is clear: volatility is part of the journey, but the destination—a future where crypto ETFs are as commonplace as S&P 500 funds—is closer than ever.
— Stay tuned for updates as the SEC’s Ethereum ETF decision looms and altcoin ETFs advance.
The White House recently hosted a high-profile Crypto Summit, bringing together policymakers, industry leaders, and financial regulators to discuss the future of digital assets.
However, many in the crypto community have expressed disappointment, arguing that the event lacked meaningful outcomes and failed to address key industry concerns.
Expectations vs. Reality
Leading up to the Crypto Summit, many expected concrete regulatory frameworks, clearer policies, and progressive discussions on fostering innovation in the cryptocurrency space. Instead, attendees reported vague discussions, political rhetoric, and little commitment to actual change.
Regulatory Concerns: The discussions largely centered around risks, fraud prevention, and consumer protection, rather than fostering innovation or adoption.
Lack of Concrete Action: Despite hours of talks, no significant regulatory framework or executive action was announced.
Political Grandstanding: Some attendees felt the summit was more of a PR move rather than an effort to create a balanced approach to crypto regulation.
Many argue that this summit was a missed opportunity to bridge the gap between regulators and the crypto industry. With growing mainstream adoption of digital assets, the need for clear, forward-thinking policies has never been greater.
as is tradition, intern notes on the White House Crypto Summit covering
– Strategic Bitcoin Reserve
– Stablecoin Growth
– Beating China
While the Crypto Summit aimed to address pressing issues in the industry, many believe it fell short of expectations. Without decisive action, skepticism around the government’s stance on crypto will continue to grow.
The question remains—will future summits bring real change, or will they continue to be perceived as mere formalities?
What do you think? Was the Crypto Summit a waste of time, or did it serve a purpose? Share your thoughts below!
In 2021, NFTs (Non-Fungible Tokens) became synonymous with digital ownership, fueled by record-breaking sales and viral hype. However, by 2023, the market faced a stark downturn, with trading volumes collapsing and critics declaring NFTs “dead.”
Drawing insights from DappRadar’s analysis of the ongoing “NFT winter,” this article explores whether NFTs are truly obsolete or simply transitioning into a more mature phase.
The Meteoric Rise and Sudden Chill
The NFT market’s 2021 boom, which saw $25 billion in trading activity, was driven by speculative fervor and cultural momentum. Yet, DappRadar’s 2023 report highlights a brutal correction: the NFT market shrank by over 50% in Q2 2023, with trading volumes plummeting to $1.7 billion—down from $3.9 billion in Q1.
This decline mirrors broader crypto market struggles, as falling Bitcoin and Ethereum prices eroded investor confidence.
Key factors behind the downturn include:
– Crypto Price Collapse: Ethereum (the backbone of most NFTs) dropped over 60% from its 2021 peak, directly impacting NFT valuations.
– Liquidity Crunch: Buyers vanished, leaving sellers struggling to offload assets. For instance, Bored Ape Yacht Club’s floor price fell from 150 ETH in 2022 to under 30 ETH by mid-2023.
– Speculative Fatigue: Many projects failed to deliver utility, leading to disillusionment.
The Current State: Survival of the Fittest
While the market is battered, NFTs are not extinct. DappRadar notes niche resilience in sectors like gaming, art, and membership-based utilities:
1. Gaming NFTs: Games like Axie Infinity and Parallel retained dedicated user bases, with in-game asset trading sustaining activity.
2. Blue-Chip Art: Established collections like CryptoPunks and Art Blocks saw relative stability, signaling enduring cultural value.
3. Brand Experiments: Companies like Starbucks (with its Odyssey loyalty program) and Reddit (with avatar NFTs) quietly expanded Web3 integrations, focusing on utility over speculation.
Challenges Amplified by the “NFT Winter”
DappRadar’s analysis underscores systemic issues:
– Platform Struggles: Marketplaces like OpenSea faced layoffs and declining fees, while competitors like Blur prioritized trader incentives, fragmenting liquidity.
– Regulatory Heat: Governments intensified scrutiny of NFT scams and IP violations, creating uncertainty for creators.
– Creator Royalty Erosion: Platforms like Blur and Magic Eden abandoned enforced royalties, squeezing artist revenue.
Innovation Amid the Freeze
Despite the gloom, builders are pushing for long-term value:
1. Layer-2 Blockchains: Ethereum scaling solutions (e.g., Polygon, Arbitrum) reduced gas fees by 80–90%, making NFTs accessible to mainstream users.
2. Dynamic NFTs: Projects like Async Art enable updatable NFTs, useful for gaming or real-world data tracking.
3. DeFi Integration: NFT fractionalization platforms (e.g., Unicly) allow shared ownership, improving liquidity.
The Path Forward
DappRadar suggests the market’s future hinges on:
– Utility-Driven Models: NFTs tied to experiences (e.g., concerts, subscriptions) or physical goods (e.g., luxury authentication).
– Institutional Adoption: Brands like Nike and Tiffany leveraging NFTs for community engagement, not quick profits.
– Regulatory Clarity: Clearer rules could stabilize the market and attract traditional investors.
Conclusion: Winter is a Season, Not an End
The NFT market is undeniably colder, but reports of its death are exaggerated. As DappRadar notes, the downturn has purged speculators, allowing serious projects to focus on sustainable use cases. Just as the dot-com crash paved the way for tech giants, the “NFT winter” may ultimately strengthen the ecosystem.
The era of easy money is over, but the technology’s potential—for digital ownership, creative economies, and decentralized identity—remains alive. NFTs aren’t dead; they’re growing up.
GrokCoin is a meme-based cryptocurrency launched on the Solana blockchain, inspired by xAI’s Grok AI, which was developed by Elon Musk. The token quickly gained attention after Grok AI itself suggested the name, sparking a massive trading frenzy.
The Rise of GrokCoin
GrokCoin started with a market capitalization of just $56,000, but within hours, it surged past $25 million. Trading volumes skyrocketed beyond $100 million, reflecting immense community interest. This rapid surge was fueled by social media buzz, speculative trading, and perceived endorsements from Elon Musk, who has a history of influencing meme coin trends.
Why is GrokCoin Gaining Popularity?
Elon Musk Connection – The association with Musk’s xAI Grok AI has driven significant hype.
Community-Driven Momentum – A highly active online community has contributed to its rapid growth.
Exchange Listings – GrokCoin has been listed on BitMart and LBank, offering trading incentives and increasing accessibility.
AI and Crypto Fusion – It represents the growing trend of AI-themed cryptocurrencies, combining artificial intelligence with blockchain-based digital assets.
Concerns and Risks of GrokCoin
Despite its meteoric rise, GrokCoin also faces several challenges:
Sustainability Issues – As a meme coin, its long-term viability is uncertain.
Liquidity Risks – Sudden price movements can lead to liquidity problems.
Regulatory Uncertainty – As with all cryptocurrencies, legal scrutiny remains a factor.
The Future of GrokCoin
While some believe GrokCoin could lead a new wave of AI-themed meme coins, others warn that its success hinges on continued community engagement and market interest. Whether it will maintain its momentum or fade like many meme coins remains to be seen. However, it has undeniably captured the attention of the crypto and AI communities alike.
Conclusion
GrokCoin is an emerging AI-inspired meme coin that has gained massive traction within the cryptocurrency market. With backing from an enthusiastic community and its connection to Elon Musk’s Grok AI, it continues to make waves. However, potential investors should remain cautious, as meme coins are known for their volatility.
For those asking, “What is GrokCoin?”—it is a fast-growing memecoin on Solana, capitalizing on the intersection of AI, crypto, and social media-driven hype.
SOL continues to trade within a consolidation range, with buyers and sellers battling at critical support and resistance levels. The chart indicates that price action is approaching key decision points that will likely determine the next significant move.
Currently, SOL is struggling to break above the $150 – $155 resistance range, indicating strong selling pressure at these levels. If the price manages to break and sustain above $155, it could trigger a wave of bullish momentum, leading to an initial target of $178 – $180. A further breakout above $180 would likely induce short covering, potentially pushing SOL toward $188 – $190.
On the downside, the $130 – $135 demand zone is crucial for preventing further declines. A failure to hold this support could expose SOL to deeper losses, with the next major support resting at $120. If SOL breaches this level, bearish sentiment may strengthen, leading to an extended downtrend.
Volume & Momentum:
The volume indicator shows increased activity near support and resistance zones, suggesting active participation from both bulls and bears. The recent rejection near $155 aligns with strong historical resistance, while the demand zone around $130 is a key area to monitor for buyer re-entry.
Solana Technical Analysis: Conclusion
SOL remains at a pivotal point, with $155 acting as the key resistance and $130 as the critical support. Traders should closely observe price action at these levels. A breakout above $155 could lead to further upside movement towards $180, while a breakdown below $130 might accelerate losses towards $120.
However, the price is still under bearish control, and long positions remain highly risky at this stage. It is advisable to wait for clear confirmation of a trend reversal before considering any long trades.
Stay cautious and adjust risk management strategies accordingly.
Bitcoin, the first and most prominent cryptocurrency, has garnered widespread attention since its creation in 2009. With growing institutional interest, many wonder: Which organization holds the most Bitcoin in 2025?
As of now, several organizations and companies have made significant investments in Bitcoin, holding vast amounts of the digital asset. Here, we explore the top organizations and their Bitcoin holdings, with a focus on the year 2025.
1. Satoshi Nakamoto: The Largest Bitcoin Holder
Before diving into contemporary institutional holders, it’s important to note the largest known holder of Bitcoin—the mysterious creator of the cryptocurrency, Satoshi Nakamoto. Although the true identity of Nakamoto remains a mystery, it is believed they mined around 1 million bitcoins in the early days of Bitcoin’s existence. As of 2025, these coins remain untouched, making Satoshi the largest holder.
Though these coins haven’t moved, Nakamoto’s stash remains a significant part of Bitcoin’s supply and has sparked much curiosity. However, as these coins remain dormant, Nakamoto’s holdings don’t affect the market, leaving room for other organizations to emerge as active Bitcoin holders.
2. MicroStrategy: Leading the Corporate Bitcoin Rush in 2025
As of 2025, the American business intelligence firm MicroStrategy holds the most Bitcoin among publicly traded companies. MicroStrategy’s Bitcoin holdings surpass 120,000 BTC, making it the largest corporate Bitcoin holder. This strategic decision began in 2020 under the leadership of CEO Michael Saylor, who saw Bitcoin as a hedge against inflation and a store of value.
MicroStrategy’s consistent purchasing of Bitcoin has made it a major player in the Bitcoin market. The company’s holdings are stored securely in cold storage, and its Bitcoin strategy has influenced many other companies to consider Bitcoin as part of their treasury management.
3. Tesla’s Bitcoin Holdings in 2025
Electric vehicle manufacturer Tesla has also been a significant player in the Bitcoin market. In early 2021, Tesla purchased $1.5 billion worth of Bitcoin, making headlines in the corporate world. By 2025, Tesla still holds a notable amount of Bitcoin, with estimates suggesting the company owns around 42,000 bitcoins.
While Tesla has sold off a portion of its Bitcoin holdings over the years, it continues to hold Bitcoin as part of its treasury reserve strategy. Tesla’s involvement in Bitcoin has further helped mainstream cryptocurrency adoption, especially in the corporate sector.
4. Grayscale Bitcoin Trust (GBTC): A Major Institutional Player
Another top contender in the race for the most Bitcoin is Grayscale Bitcoin Trust (GBTC). As of 2025, GBTC holds more than 600,000 bitcoins on behalf of institutional investors. GBTC provides a regulated and accessible way for institutional investors to gain exposure to Bitcoin without directly owning or managing the cryptocurrency.
This makes Grayscale a critical player in the Bitcoin market, and its large holdings reflect the growing institutional demand for Bitcoin. The trust’s shares trade on public markets, offering liquidity while ensuring safe, regulated access to Bitcoin.
5. Block.one: EOS Blockchain’s Bitcoin Holdings in 2025
Block.one, the company behind the EOS blockchain, is another significant Bitcoin holder. As of 2025, Block.one owns around 140,000 bitcoins. The company accumulated these coins during its initial coin offering (ICO) and has held them as part of its treasury. While its main focus remains on the EOS blockchain, its Bitcoin holdings play a crucial role in its overall financial strategy.
Block.one’s decision to hold Bitcoin is a testament to the strategic role that cryptocurrency plays for blockchain-related companies. Its significant holdings contribute to its standing as one of the largest Bitcoin holders in 2025.
6. Other Organizations Holding Bitcoin in 2025
Several other organizations hold significant amounts of Bitcoin in 2025, contributing to the growing institutional adoption of the digital asset. These include:
Coinbase: As one of the largest cryptocurrency exchanges globally, Coinbase holds substantial amounts of Bitcoin, primarily in its user wallets. While these holdings are not exclusively owned by Coinbase itself, the exchange’s volume and market presence make it a major entity in Bitcoin’s ecosystem.
Bitfinex: Another major cryptocurrency exchange, Bitfinex, is known for holding a large number of Bitcoin in cold storage. As one of the most active exchanges in the Bitcoin market, Bitfinex plays a crucial role in facilitating large Bitcoin trades.
SpaceX: In addition to Tesla, SpaceX—Elon Musk’s aerospace company—has also reportedly purchased Bitcoin. As of 2025, SpaceX holds an estimated amount of Bitcoin, further solidifying Musk’s influence in the cryptocurrency space.
Conclusion: Who Holds the Most Bitcoin in 2025?
As of 2025, Satoshi Nakamoto remains the largest known holder of Bitcoin, with over 1 million BTC, though these coins are inactive. However, among active holders, MicroStrategy is the leader with more than 120,000 bitcoins. Tesla, Grayscale Bitcoin Trust, and Block.one are also major institutional holders, showcasing the growing adoption of Bitcoin by corporations and investment vehicles.
With increasing institutional adoption and growing corporate treasuries holding Bitcoin, it is clear that the landscape of Bitcoin ownership continues to evolve in 2025. As the digital asset gains more mainstream acceptance, the question of which organization holds the most Bitcoin will likely continue to evolve.
Bitcoin trading signal indicates that BTC remains under bearish pressure, with price action testing critical supply and demand zones that could determine the next major move. Traders should closely watch these levels for potential breakout or breakdown scenarios to make informed trading decisions.
Key Bitcoin Trading Levels:
Supply Zone: $94,000 – $95,000
Demand Zone: $80,000 – $81,000
Upside Breakout Target: $100,000
Downside Breakdown Target: $72,000 – $73,000
Market Analysis:
Bitcoin is struggling near $87,563, failing to gain strong bullish momentum. The recent rejection at $94,967 highlights significant selling pressure.
A breakout above $95K, supported by strong volume, could fuel a short squeeze, pushing BTC toward the $100K psychological level.
A break below $80K and failure to hold $81,424 could trigger further downside, potentially leading BTC into the $72K – $73K demand zone.
Volume & Momentum Insights:
Volume analysis shows heightened activity from both institutional and retail traders, but the lack of sustained buying pressure suggests that sellers remain dominant.
Conclusion – Bitcoin Trading Signal Strategy:
BTC sits at a critical decision point, with $95K acting as a key resistance and $80K as a crucial support level.
A breakout above $95K may trigger a rally to $100K, while a breakdown below $80K could lead to further downside pressure.
Trading Strategy Recommendation:
Traders should closely monitor these critical levels, watch for volume confirmation, and adjust risk management strategies accordingly to capitalize on Bitcoin’s next major move.
Ethereum (ETH/USD) has recently bounced from the key support level around $1,995, showing a potential recovery. However, price action remains uncertain, and traders should closely monitor critical support and resistance levels to anticipate the next move.
Date: 6 Mar 2025 Timeframe: (Assumed 4H or Daily Chart Based on Image) Current Price:$2,245 Support Levels:$1,995 – $1,990 Resistance Levels:$2,315 – $2,520
• The price has shown a strong bounce from $1,995, indicating potential short-term buying pressure.
• However, ETH remains in a downtrend, as seen from lower highs and lower lows.
• Bearish momentum is still dominant, indicating sellers are in control.
• A break below $1,990 could trigger another sell-off, potentially driving ETH to $1,700 as the next significant support level.
Green volume spikes indicate buying interest at lower levels.
However, overall volume remains moderate, suggesting caution.
• Moving Averages:
The chart features 30-period MA and 9-period EMA, which are trending downward, confirming the bearish bias.
• Momentum Outlook:
If ETH sustains above $2,245, bullish momentum may push it towards $2,315.
A failure to hold above this level increases the probability of another leg down.
ETH Trading Signal: Trade Scenarios & Strategy
Bullish Scenario (Breakout Above $2,315)
• If ETH breaks and closes above $2,315, it may trigger further upside momentum.
• Target:$2,520 (Major resistance level)
• Stop-Loss: Below $2,245 to minimize risk
Bearish Scenario (Break Below $1,990)
• A breakdown below $1,990 could confirm another bearish leg.
• Target:$1,700 (Key support level)
• Stop-Loss: Above $2,050
ETH Trading Signal: Conclusion
Ethereum is at a *critical inflection point, with a *range-bound structure between *$1,990 and $2,315. Traders should watch for a *breakout in either direction before taking decisive positions.
• Bullish Bias: If price sustains above $2,315, potential rally towards $2,520.
• Bearish Bias: If price breaks below $1,990, a decline towards $1,700 is likely.
Recommendation: Wait for a breakout confirmation before entering trades. Use proper risk management strategies to avoid unexpected volatility.
