Bitcoin Indicators Signal Caution Despite Recent Bounce

Recent market data from analytics firm Santiment suggests that Bitcoin may not have established a definitive price floor. Despite a recent recovery, key metrics indicate that the market remains in a delicate state. According to the analysis, elevated levels of fear among investors combined with low on-chain activity could mean that further downside is possible before a sustained recovery takes hold.

Amid this volatility, major corporate holder MicroStrategy is reaffirming its long-term conviction. Following another exclusion from the S&P 500 index, the company stated it is prepared for significant price fluctuations in either direction. The firm’s strategy reportedly accounts for scenarios where Bitcoin could reach as high as $75,000 or fall to as low as $25,000, underscoring its readiness for market turbulence.

Franklin Templeton Advances Solana ETF Plans

While uncertainty surrounds Bitcoin, the altcoin market is seeing potentially positive developments. Asset management giant Franklin Templeton has officially submitted its final filing to the U.S. Securities and Exchange Commission (SEC) to launch a spot Solana Exchange-Traded Fund (ETF). This move highlights growing institutional interest in regulated investment products for top-tier digital assets beyond Bitcoin and Ethereum. The filing comes at a time of strong investor demand and could influence the future price action of SOL.