The Solana-based meme coin FARTCOIN has emerged as an unlikely outperformer over the past month. The altcoin has defied the broader market troubles and surged by nearly 250% in the past 30 days.
However, buyer exhaustion could soon set in, potentially triggering a wave of profit-taking among FARTCOIN holders eager to lock in gains.
FARTCOIN Enters Overbought Zone
FARTCOIN’s triple-digit rally has pushed its price above the upper band of its Bollinger Bands (BB) indicator, a sign that the meme coin is overbought.
The BB indicator identifies overbought or oversold conditions and measures an asset’s price volatility. It consists of three lines: a simple moving average (middle band) and two bands (upper and lower) representing standard deviations above and below the moving average.
When the price breaks above the upper band, it means the asset’s current value is moving significantly away from its average, making it overbought and due for a price correction.
This pattern suggests that FARTCOIN’s current price level may not be sustainable, increasing the likelihood of a near-term pullback.
Moreover, readings from the token’s Relative Strength Index (RSI) confirm its nearly overbought status. At press time, this momentum indicator rests at 69.09.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 69.09, FARTCOIN’s RSI signals that the meme coin is nearly overbought. Its upward momentum may be weakening, and a price correction could be near.
Will It Hit $1.16 or Slip Back to $0.37?
If the current momentum fades, FARTCOIN could face a short-term correction that causes it to shed some recent gains. In that scenario, the Solana-based asset could retest support at $0.74.
Should it fail to hold, the downtrend strengthens and could continue toward $0.37.
Following Bitcoin’s surge to a new all-time high in May, leading altcoin Ethereum experienced a renewed uptick in trading activity, briefly trading at a multi-month peak of $2,789 on May 29.
However, as the broader market has cooled over the past two weeks, ETH’s price action has tightened, consolidating within a narrow range. Despite this, market analysts remain broadly bullish on ETH’s prospects for June.
Ethereum Outlook Turns Bullish as Institutional ETF Inflows Surge
In an exclusive interview with BeInCrypto, Temujin Louie, CEO of Wanchain, said ETH’s outlook for the month is “increasingly bullish,” driven by consistent inflows in Ethereum exchange-traded funds (ETFs) and renewed network stability.
“Continued investment in Ethereum ETFs indicates that institutional interest remains strong, reinforcing ETH’s credibility as a long-term asset. Ethereum’s recent Pectra upgrade was also a significant success, and the internal disputes within the Ethereum Foundation have quieted; investor confidence in both Ethereum as a network and ETH as an asset is restoring,” Louie noted.
Further, Dominick John, an analyst at Kronos Research, confirms this optimism, emphasizing the impact of surging ETF inflows on the coin’s price action. According to John:
“ETH ETFs have significantly shaped recent price action, signaling surging institutional interest that’s boosting market liquidity while tempering volatility. This wave of demand, paired with strong fundamentals like stablecoin strength and solid on-chain signals, are tightening supply and supporting sustained interest.”
According to SosoValue, ETH-backed ETFs have witnessed an uptick in weekly inflows since May 16. This week, net inflows into these investment vehicles totaled $286 million, highlighting growing confidence among institutional investors.
Total Ethereum Spot ETF Net Inflow. Source: SosoValue
If this continues, it could create upward pressure on ETH’s price, triggering a break above its narrow range in June.
In addition, ETH’s consistently positive funding rate further supports this bullish outlook. As of this writing, ETH’s funding rate sits at 0.0068%, reflecting ongoing confidence from leveraged traders willing to pay a premium to maintain their long positions.
The funding rate is used in perpetual futures contracts to ensure that contract prices align with the underlying asset’s spot price. When an asset’s funding rate is positive, traders holding long positions are paying those holding short positions. This indicates market sentiment is bullish, as more market participants are betting on price increases.
ETH’s sustained positive funding rate aligns with the significant institutional inflows into ETH-backed ETFs. It adds another layer of confirmation that market participants are positioning for further upside in June.
There Is A Catch
Despite the bullish outlook for ETH in June, these analysts caution that broader macroeconomic conditions could still pose risks to the asset’s short-term performance.
Louie emphasized that while ETH’s fundamentals remain strong, the leading altcoin “remains vulnerable to macroeconomic conditions.”
“Despite current bullish momentum, the crypto market as a whole remains speculative, reacting sharply to inflation data, interest rate expectations, Federal Reserve policy shifts, and other external factors. While Ethereum’s fundamentals remain strong, short-term price trends can be quickly reversed by adverse macroeconomic trends,” he stated.
“Broader macro trends, particularly inflation data and the Fed’s rate policy, remain pivotal to price action. A dovish pivot could reinforce ETH’s breakout, especially with sustained ETF inflows. However, a hawkish stance may inject fresh volatility, even as stablecoin dominance, staking yields, and Layer-2 growth continue to signal underlying strength in the ecosystem,” he explained.
As ETH enters June with growing optimism, investors should watch macroeconomic signals closely, as they will likely shape the trajectory of ETH’s price in the coming weeks.
TradFi’s relationship with Bitcoin continues to evolve, with 34 public corporations now holding a combined 699,387 BTC—worth over $72 billion. MicroStrategy remains the undisputed leader, holding 555,450 BTC alone.
While some view Bitcoin treasury strategies as bullish catalysts, the data tells a more nuanced story: adding BTC to a balance sheet isn’t a guaranteed stock booster. Outliers like Metaplanet have surged over 3,000% since their BTC entry, but many others have seen far more modest gains, or even declines.
Metaplanet Inc.
Metaplanet is a Japanese public company that has quickly transformed from a traditional business—formerly involved in hotel operations—into one of Asia’s most aggressive Bitcoin-focused firms. Its transformation shows how some TradFi players are reshaping their models around digital assets.
Since launching its Bitcoin Income Generation strategy in late 2024, the company has pivoted sharply toward crypto, with 88% of its Q1 FY2025 revenue—¥770 million ($5.2 million)—coming from Bitcoin option premium harvesting.
Metaplanet first added Bitcoin to its balance sheet in April 2024 and now holds 5,555 BTC worth approximately $576.8 million. Since that initial move, the company’s stock has soared over 3,000%, with recent filings showing a 15x increase in share price year-to-date.
The firm’s aggressive BTC accumulation strategy—targeting 10,000 BTC by year-end—has drawn growing investor interest, expanding its shareholder base by 500% in a year.
Despite short-term valuation losses due to Bitcoin price fluctuations, Metaplanet reported ¥13.5 billion in unrealized BTC gains as of May 12, signaling strong confidence in its long-term crypto positioning.
NEXON
Nexon, a major Japanese gaming company behind global hits like Dungeon&Fighter and MapleStory, added Bitcoin to its balance sheet in April 2021 and currently holds 1,717 BTC—worth approximately $178.3 million.
Despite this sizable allocation, the move hasn’t paid off in terms of market performance, as Nexon’s stock is down nearly 29% since the purchase, showing how, for many TradFi firms, crypto exposure doesn’t necessarily translate into equity gains.
Unlike other firms that saw major investor enthusiasm from Bitcoin exposure, Nexon’s value remains more closely tied to the performance of its gaming franchises.
In its Q1 2025 earnings report, Nexon reported revenue of ¥113.9 billion, up 5% year over year, and operating income jumping 43% to ¥41.6 billion, driven by strong performance from core titles and lower costs.
Semler Scientific (SMLR)
Semler Scientific made its first Bitcoin purchase in May 2024 and currently holds 1,273 BTC, valued at approximately $132.2 million.
Since adopting Bitcoin as its primary treasury reserve asset, the company’s stock has climbed over 55%.
While smaller in scale compared to top crypto treasury holders, Semler’s aggressive accumulation and performance have positioned it as a notable player in the Bitcoin corporate adoption narrative.
In its Q1 2025 earnings call, Semler Scientific reported a mixed performance. Revenue dropped 44% year-over-year to $8.8 million, driven by declines in its healthcare segment, while operating losses widened to $31.1 million amid $39.9 million in expenses.
A net loss of $64.7 million was largely due to an unrealized loss of $41.8 million from Bitcoin price fluctuations.
Despite these setbacks, the company reaffirmed its commitment to expanding its BTC holdings through a $500 million ATM program and a $100 million convertible note.
Tesla (TSLA)
Tesla, led by Elon Musk, has had a complex and headline-grabbing relationship with Bitcoin since adding it to its balance sheet in January 2021.
Musk, a long-time crypto enthusiast, has influenced market sentiment through both Tesla’s actions and his personal commentary on digital assets like BTC and Dogecoin. Tesla’s stock is up 34% since that initial Bitcoin buy, but the path has been volatile—peaking near $480 in late 2024 before collapsing below $107 in early 2023.
Despite the swings, Musk’s Bitcoin advocacy and Tesla’s early crypto exposure helped position the company as a bellwether for institutional adoption of crypto. Its journey reflects the volatility and complexity of crypto exposure within large TradFi companies, as BTC is up 212% in the same period.
In its latest Q1 2025 earnings, however, Tesla posted disappointing results. Automotive revenue dropped 20% year-over-year to $14 billion, dragging total revenue down 9% to $19.34 billion, well below Wall Street estimates.
Net income plummeted 71% to $409 million, and operating margin collapsed to 2.1% as production upgrades, price cuts, and political uncertainty—including rising tariffs—weighed heavily on performance.
Amid declining deliveries and intensifying global competition, Tesla highlighted progress in energy storage and AI infrastructure.
Still, with shares down 41% year-to-date and Musk’s growing political involvement drawing further scrutiny, investors remain cautious as the company prepares for a potential robotaxi launch in June.
Block Inc. (Formerly Square)
Block Inc., co-founded by Jack Dorsey, added Bitcoin to its balance sheet in October 2022 and currently holds 8,485 BTC, worth approximately $881 million.
Known for its early embrace of Bitcoin and crypto integration through Cash App, Block has positioned itself as one of the most prominent corporate Bitcoin holders.
Since its initial BTC acquisition, the stock has risen just 3.8%, reflecting a turbulent journey, peaking above $100 in December 2024, but also dropping to around $38.5 in November 2023 amid broader tech sector volatility and macroeconomic headwinds for TradFi.
Block’s Q1 2025 earnings revealed a mixed picture. The company missed both revenue and profit expectations, posting $5.77 billion in revenue versus the $6.2 billion expected.
Despite a 9% rise in gross profit to $2.29 billion, guidance for the rest of the year was cut due to macro uncertainty, including the impact of new tariffs.
Cash App’s gross profit rose 10% to $1.38 billion, thanks to the launch of Afterpay’s buy-now-pay-later feature and the expansion of its lending program under FDIC approval.
However, gross payment volume increased, and international exposure now accounts for 18% of the total volume.
While Block posted its most profitable quarter to date, shares are down 31% year-to-date, and investors remain cautious as the company prepares to deliver its first Bitcoin mining chips later this year.
The Federal Reserve is having a closed-door meeting today to discuss potentially cutting interest rates. This would help crypto in a few ways, spurring risky investments and possibly even weakening the dollar.
Fed Chair Jerome Powell has been hesitant to cut rates, but he is under a lot of pressure. BlackRock’s CEO Larry Fink is currently pessimistic about rate cuts, claiming that they may even increase this year.
Soon after, the White House denied the rumors, resulting in a crash. However, the Federal Reserve is having a closed-door meeting today, and it may plan to cut interest rates:
“A closed meeting of the Board of Governors of the Federal Reserve System at will be held 11:30 am on Monday, April 7, 2025. The following matters of official Board business are tentatively scheduled to be considered at that meeting: review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks,” the Fed’s website read.
There are many reasons why the Federal Reserve could cut interest rates. High rates make fixed-income investments more attractive, drawing capital away from riskier assets like stocks and cryptocurrencies, while low rates make these assets more attractive.
Rate cuts have often corresponded with market rallies, especially with ZIRP after the 2008 crash.
Fed Chair Jerome Powell initially signaled that he was reluctant to cut rates at this moment, but pressure has been building for him to do so. Unfortunately, that may not matter yet.
Larry Fink, BlackRock’s pro-crypto CEO, has been very pessimistic about possible cuts. In a recent televised interview, he claimed that most CEOs believe the US is already in a recession and that the country is currently not a “global stabilizer” in the markets.
Under these conditions, he stated that there’s a 0% chance of 4 to 5 rate cuts and that rates may even increase.
BREAKING: Blackrock CEO Fink says that he worries that Trump’s actions are much more inflationary than the markets expect, and the economy is weakening as we speak.
He also says that he sees a 0% chance of four or five interest rate cuts this year, and sees a chance of interest… pic.twitter.com/wyTpBoCP5W
When the Federal Reserve cuts interest rates, it isn’t a bullish signal across the board. They also tend to weaken the US dollar as its yield advantage diminishes relative to other currencies.
This would also be good for crypto, considering its use as a store of value, but the Fed isn’t particularly interested in that. The industry won’t be the deciding factor either way.
Still, other commentators have been highly skeptical of Fink’s claim. Powell is under a lot of pressure to cut rates, so raising them would buck market expectations. Investors are betting on multiple rate cuts, and these hypothetical cuts may be priced to a certain extent.
Looking back at previous cycles, periods of rate cuts have often coincided with market rallies. For instance, during the post-2008 recovery, rate cuts revived equity and emerging asset classes.
Overall, lower rates typically mean easier access to credit, leading to more liquidity in the market. This extra liquidity can help drive up demand for riskier assets, including cryptocurrencies.
So, If the FOMC signals a shift toward lower interest rates, this could boost overall market confidence. As traditional markets begin to stabilize and recover, crypto markets might experience a rebound.
Investor sentiment, already shaken by the recent sell-offs and heightened volatility, could turn more optimistic with the prospect of easing monetary conditions.
Most importantly, institutional investors, who have been cautious during the current volatile period, may adjust their strategies in a lower-rate environment.
With lower fixed-income yields, portfolio managers could increase their allocation to alternative assets, including cryptocurrencies, to achieve higher returns. This influx of institutional capital could lend credibility to the crypto market and help drive a recovery.
