The BTC rebound has created a clean risk-on ripple across the crypto equity basket, and the moves in BMNR, CRCL and MSTR hint that positioning might have reached exhaustion on the downside. What matters now is the path of liquidity. If BTC holds above the 89K to 92K range, the next impulse zone opens toward 97K, with a potential late December test of 100K if volatility compresses.
BMNR continues to trade as a leveraged beta play to BTC strength. A break above its recent lower-high structure points to 40 to 45 in a squeeze scenario.
CRCL is still one of the cleanest AI x crypto infrastructure names. If BTC pushes for 95K, CRCL could retest the 12 to 14 zone as funding flows rotate back into high convexity names.
MSTR remains the institutional torque for BTC. As long as BTC sustains higher lows, MSTR reclaiming 200 to 210 is realistic. A BTC run toward 100K could extend this to 235.
The bigger question: is the market signalling a renewed risk cycle for early 2026. Crypto equities usually lead by two to four weeks. Right now they are flashing early accumulation patterns rather than distribution.
Position sizing matters. The trend favors upside, but the volatility bands are wide. A failed BTC retest of 90K would reset the entire setup.
Not a financial advice! Trade wisely, Comrades!
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