The Bitcoin Preferred Stock Stress Test: When Par Value Becomes a Floor
In June, while Bitcoin slid below $57,000, a peculiar asset...
Investment Research
•
CryptoAlpha
•
2026-07-12
Market Prices
| Coin | Price | 24h |
|---|---|---|
|
BTC
Bitcoin
|
$66,492.5 | +1.54% |
|
ETH
Ethereum
|
$1,925.79 | +1.42% |
|
SOL
Solana
|
$77.91 | +0.44% |
|
BNB
BNB Chain
|
$573.6 | +0.16% |
|
XRP
XRP Ledger
|
$1.15 | +3.56% |
|
DOGE
Dogecoin
|
$0.0732 | +0.44% |
|
ADA
Cardano
|
$0.1732 | +4.02% |
|
AVAX
Avalanche
|
$6.62 | +0.78% |
|
DOT
Polkadot
|
$0.8522 | +3.52% |
|
LINK
Chainlink
|
$8.65 | +1.36% |
Fear & Greed
25
Extreme Fear
Market Sentiment
Event Calendar
202612
05
halving
BCH Halving
Block reward halving event
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
18
03
unlock
Sui Token Unlock
Team and early investor shares released
10
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
28
03
unlock
Arbitrum Token Unlock
92 million ARB released
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
Altseason Index
43
Bitcoin Season
BTC Dominance
Altseason
Gas Tracker
Ethereum
28 Gwei
BNB Chain
3 Gwei
Polygon
42 Gwei
Arbitrum
0.5 Gwei
Optimism
0.3 Gwei
Hot Tags
Market Cap
All →
1
Bitcoin
BTC
$66,492.5
1
Ethereum
ETH
$1,925.79
1
Solana
SOL
$77.91
1
BNB Chain
BNB
$573.6
1
XRP Ledger
XRP
$1.15
1
Dogecoin
DOGE
$0.0732
1
Cardano
ADA
$0.1732
1
Avalanche
AVAX
$6.62
1
Polkadot
DOT
$0.8522
1
Chainlink
LINK
$8.65
🐋 Whale Tracker
🔴
0x8871...1234
6h ago
Out
800.58 BTC
🔵
0x56eb...ff05
6h ago
Stake
3,425,252 USDT
🟢
0xb843...3a08
30m ago
In
4,400,519 USDT
💡 Smart Money
0x7e38...da3f
Market Maker
+$4.9M
70%
0x322a...9570
Institutional Custody
+$0.3M
94%
0x53c0...44d0
Market Maker
+$1.9M
72%
#Stress Test
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