Gemini IPO sentiment — signals more listings? A successful $2.22B IPO would validate public-market appetite for crypto infra firms, paving the way for peers (custody, exchanges, DeFi infra) to follow. However, valuation conservatism and regulatory risk mean only mature firms with compliance credibility will test the waters.
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Above major MAs (50/200-day), BTC signals bullish momentum and renewed cycle strength. Below, it suggests weakening structure and possible retests of lower supports. Sustained closes relative to these averages are more telling than intraday moves.
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A rising share of miner fee revenue indicates congestion and narrative-driven usage spikes. Historically, higher fee ratios align with renewed hype phases.
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