Preview

Key Variables

WHAT VARIABLES POINT TO THE FACT THAT THIS COULD GO PARABOLIC?

• CATALYST
  • Crypto catalyst has been hot with JNVR and UPIX recently. Those stocks went 8x+ after having a crypto catalyst. This company is merging with a BTC focused company and establishing the 3rd largest BTC reserve in the world.
• MARKET ENVIRONMENT
  • BTC reclaimed key 89k level, giving strength to crypto names such as COIN and MSTR.
  • IPOs/SPACs have been hot around this time.
  • Copying MSTR’s business model.
• ATH Daily chart
  • Price is trading at ATHs in total price discovery mode.
• Type of Instrument
  • IPOS have been hot recently, this is a SPAC company taking a company public.
• DEMAND / VOLUME as Raf says
  • Price is WAY higher than yesterday yet the stock opens up with a strong drive on volume that is sustaining over previous day’s HOD volume.
• DEMAND / Price action
  • At the open lots of lower wicks and strong pushes higher with great volume.
• DEMAND / TIGHTNESS / LACK OF PULLBACK
  • Price couldn’t really pull back at ALL. There was never too big of a time where sellers were in control, price was holding over VWAP all day. And over that 9ema as well all day.
• LACK OF DILUTION
  • No history of dilution, that is amazing for a stock like this. And no overhead supply of sellers/warrants.
• FLOAT / INST OWNERSHIP
  • 10m float but 85% inst ownership lots of ownership here.

Intraday Fundamentals

Catalyst

<aside> 📰

Cantor Equity Partners (CEP) has agreed to merge with Twenty One Capital in a go-public deal valuing the bitcoin-focused company at $3.6 billion, the latter said Wednesday.

• Twenty One said the deal includes $585 million in new funding through convertible notes and equity, with proceeds earmarked for Bitcoin purchases and corporate use. Upon closing, Tether and Bitfinex will own a majority stake in the company, with SoftBank holding a minority interest, Twenty One said. Cantor Equity shares will cease trading upon merger completion, while Twenty One shares are expected to begin trading on Nasdaq under the symbol XXI, the company said. Twenty One said the company's co-founder, Jack Mallers, will serve as chief executive. Shares of Cantor Equity jumped nearly 22% in recent Wednesday trading. </aside>

This catalyst was a pretty solid catalyst, this company was merging into a BTC focused company. Having the 3rd world’s largest BTC treasury. Under MSTR and MARA, coming in over RIOT.

Another thing that was significant about this catalyst is the moves recently made by UPXI and JNVR

• JNVR - Stock has an offering and uses the proceeds to buy crypto (SOL): The proceeds from the offering are expected to accelerate efforts by the Company to acquire digital assets, starting with the Solana ecosystem through the US public markets.