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Analyst Says Odds Have Increased Significantly for Top Solana Rival To Plummet 41%, Updates Outlook on Bitcoin

Cryptocurrency analyst and trader Ali Martinez is leaning bearish on a Solana ( SOL ) competitor. Martinez tells his 130,100 followers on the social media platform X that Sui ( SUI ) faces the risk of a “sharp correction” amid the formation of a bearish pattern. “Since November 2024, Sui has been shaping a head and shoulders pattern with the neckline at $3 serving as a crucial support level. And the price action seen in the last few weeks helped form the pattern’s right shoulder, which is not a positive sign. After the recent break of the $3 support level, the odds have increased significantly for a 40% correction that takes Sui to $1.60.” Sui is trading at $2.73 at time of writing, down by around 48% from the all-time high price of $5.35 reached early in January. Next up is Bitcoin ( BTC ). On the potential move the crypto king is likely to make next, Martinez says , “Bitcoin is consolidating within a triangle, setting the stage for a potential 20% price move!” Source: Ali Martinez/X The crypto analyst further says that based on data from the blockchain analytics platform Glassnode, the supply of Bitcoin in the hands of long-term holders – entities that have kept their coins dormant for over 155 days – grew between February 11th and March 5th. The supply of Bitcoin currently in the hands of long-term holders stands at 13,195,498 BTC. “Long-term holders are accumulating! The supply held by long-term holders has increased by 85,000 Bitcoin in the past month.” Source: Ali Martinez/X Bitcoin is trading at $89,170 at time of writing. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Analyst Says Odds Have Increased Significantly for Top Solana Rival To Plummet 41%, Updates Outlook on Bitcoin appeared first on The Daily Hodl . CoinOtag

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Bankman-Fried Sent to Solitary After Unauthorized Interview

Former FTX CEO Sam Bankman-Fried (SBF) has reportedly been placed in solitary confinement after giving an unauthorized interview to political commentator Tucker Carlson. According to a March 7 report from The New York Times, the interview was not approved by the US Bureau of Prisons, violating strict communication regulations at Brooklyn’s Metropolitan Detention Center (MDC). “This particular interview was not approved,” a Bureau of Prisons representative told the media. Bankman-Fried Faces Prison Consequences A source familiar with the situation revealed that after the interview went live on March 6, prison officials swiftly moved Bankman-Fried into solitary confinement as a disciplinary action. The conversation, which aired on Carlson’s YouTube channel, has already amassed over 730,000 views. During the discussion, Bankman-Fried reflected on his time behind bars, his views on crypto regulation in the US, and his belief that he is ‘not a criminal.’ However, the consequences of his words came almost immediately, raising questions about the Bureau of Prisons’ strict policies on media interactions with inmates. Speculation Over a Possible Trump Pardon Grows While Carlson did not directly ask Bankman-Fried if he expected a pardon from former US President Donald Trump, the FTX founder’s remarks aligned with certain Republican viewpoints on financial regulations. This has fueled speculation within the crypto community about a potential Trump-backed pardon should the former president return to office. According to crypto prediction platform Polymarket, betting odds on an SBF pardon have nearly doubled since the interview aired. Some are drawing parallels to Trump’s January 2025 pardon of Ross Ulbricht , the Silk Road founder who served 12 years in prison for running the now-defunct darknet marketplace. Despite the rising speculation, there is no official indication that Trump or any other political figure is actively considering clemency for Bankman-Fried, who was convicted on seven felony counts and sentenced to 25 years in prison in 2024. Legal Appeal Continues Even before the Carlson interview incident, Bankman-Fried had been fighting to overturn his conviction . His legal team filed an appeal in September 2024, arguing that the former FTX CEO was unfairly scrutinized by prosecutors, the presiding judge, and the media. In a 102-page appeal brief, his attorneys claimed that Bankman-Fried was ‘never presumed innocent’ and was subject to biased treatment throughout his trial. However, legal experts believe that overturning a 25-year sentence remains a long shot, given the scale of financial misconduct tied to FTX’s $8 billion collapse. The post Bankman-Fried Sent to Solitary After Unauthorized Interview appeared first on TheCoinrise.com . CoinOtag