Bitcoin’s rejection near the $94,000 zone and a potential retest of the $80,000 area are heightening concerns over Strategy’s highly leveraged BTC balance sheet. The company now holds 671,268 BTC worth just over $50 billion, with its mNAV and convertible note structure creating added risk if the BTC price stays low into upcoming maturities. Investors are watching how falling mNAV and rising dilution pressure may force tough choices between new debt issuance and possible Bitcoin sales.

Analysts are reassessing POL’s price outlook as Polygon intensifies its “stablecoin supercycle” thesis, projecting more than 100,000 stablecoins by 2030 and positioning the network as a settlement layer for large-scale tokenized money. With POL trading near $0.12 and resistance at $0.21, the token’s recovery may hinge on institutional issuance growth and technical confirmation in the coming weeks.

Traders are focused on the December 9–10 FOMC meeting as Solana holds the key $130 support level and some market participants position for a potential move toward $200. Expectations of a 0.25% rate cut, rising institutional interest, and expanding ecosystem activity are coinciding with bullish technical signals to strengthen the upside case for SOL USD, according to market data.