Group 1 - Bonk, a Solana-based memecoin, is now trading on Switzerland's SIX Swiss Exchange through a regulated exchange-traded product launched by Bitcoin Capital AG, allowing investors to buy exposure to Bonk via standard brokerage accounts without needing to hold the token directly [1][3] - The token, which launched on Christmas Day in 2022, is designed as a community-driven project and is currently trading approximately 83% below its all-time high from November 2024, despite a recent increase of about 2.8% [2][4] - The listing of Bonk on a regulated exchange represents a significant step towards mainstream acceptance of memecoins, positioning it alongside traditional assets like stocks and bonds [3][4] Group 2 - Bitcoin Capital AG, based in Switzerland, specializes in issuing exchange-traded products backed by cryptocurrencies, aiming to provide regulated access to digital assets for investors [4] - The entry of Bonk into European markets follows the recent launch of a Dogecoin exchange-traded fund by Grayscale in the United States, which saw trading of approximately $1.4 million on its first day, falling short of expectations [4] - Technical analysis indicates that Bonk is currently within a multi-month falling wedge pattern, suggesting potential for a price shift if it breaks above the upper trend line, although it has been under selling pressure [5][6]

Core Insights - Solana's price has experienced volatility, currently down 10% over the past week but maintaining a slight three-month gain of about 2%, indicating a potential for a stronger bounce if key resistance levels are cleared [1] Short-Term and Long-Term Holder Dynamics - Short-term holders are increasing their accumulation of SOL, with wallets holding the token for one to three months rising from 14.61% to 18.46% in just two weeks, a 26% increase [2] - Long-term holders are still selling but at a reduced rate, with the Hodler Net Position Change metric remaining negative, indicating ongoing outflows from older wallets [3][4] - The reduction in selling pressure from long-term holders, combined with active buying from short-term holders, supports the potential for a stronger price bounce [5] Price Structure and Technical Indicators - The Solana price is currently within a falling wedge pattern, which typically resolves upward, suggesting a potential breakout [7] - A bullish divergence in the Relative Strength Index (RSI) indicates improving momentum, as the RSI has made higher lows while the price has made lower lows, hinting at a possible trend reversal [8] - Historical patterns show that similar bullish divergences have previously led to significant rebounds, such as a 13.4% increase from $174 to $197 [8]

Core Viewpoint - Nike is set to report its fiscal first-quarter earnings next week, with Goldman Sachs maintaining a buy rating and a $95 price target on its shares, anticipating continued improvement in fundamentals and recovery in key segments like performance running and women's apparel [1][2]. Company Performance - Over the past five years, Nike has underperformed, down approximately 45%, while the broader market and consumer discretionary sector have seen larger gains [3]. - Year-to-date, Nike is performing better than other apparel companies, with competitors like Lululemon down over 52% [4]. Recent Developments - Nike has launched a collaboration with Kim Kardashian's Skims activewear brand, which is estimated to be worth around $4 billion, marking a significant opportunity for Nike [5][6]. - This collaboration is part of Nike's broader turnaround strategy, leveraging celebrity brand integrations that have been successful in the retail sector [7]. Technical Analysis - Nike's stock has been trending downward, with notable resistance at the $80 level and current trading around $69, indicating a precarious situation ahead of earnings [9][10]. - The Relative Strength Index (RSI) is in the oversold area, suggesting weakness in the market trend, which is not favorable for bullish sentiment heading into earnings [11]. Analyst Commentary - Recent price target adjustments include Morgan Stanley lowering its target from $70 to $64, and Telsey Advisory adjusting from $70 to $75, both maintaining equal weight ratings [12]. - Analysts express cautious optimism, noting potential low single-digit sales declines due to headwinds like rising costs from tariffs and softer demand from China [13]. Options Activity - Options trading volume for Nike reached about 114,000 contracts, with a 60/40 split favoring calls over puts, indicating some bullish sentiment [14]. - The expected price movement for October 17th suggests key levels of $62 to the downside and $76 to the upside, with significant open interest at $95 for calls and $67.5 for puts [16].

Welcome back to the crypto channel everyone. My name is Josh and right now Bitcoin just confirmed a daily candle close above this important line of resistance. But we've also just run into this important area of resistance.Seen a short-term rejection but now we're retesting previous resistance to possibly flip it into new support as more liquidity is building just above the price of Bitcoin which we need to pay attention to. So, I'll be talking about that in just a moment alongside Ethereum possibly repeati ...