Is BTOG a safe investment?

**Bit Origin (BTOG) appears to be a speculative investment with high risk and potential for significant losses.** Here's why: 1. **Recent Performance**: The stock has experienced a significant drop of 8.17% on July 21, 2025, indicating recent volatility and potential market skepticism. |code|Ticker|Name|Date|Support Level|Resistance Level|market_code| |---|---|---|---|---|---|---| |BTOG|BTOG.O|Bit Origin|20250721|0.3200|1.0100|186| 2. **Technical Indicators**: - The MACD is at 0.11, which is close to the neutral zone but could indicate a potential bearish momentum if it crosses below the signal line. - The RSI is at 77.39, which is considered overbought and suggests that the stock might be due for a correction or could be prone to sell-offs. - The KDJ is at 70.63, also in the overbought territory, reinforcing the potential for a price pullback. |code|Ticker|Name|Date|Boll|RSI|KDJ|MACD|market_code| |---|---|---|---|---|---|---|---|---| |BTOG|BTOG.O|Bit Origin|20250721|0.3014|77.3949|70.6349|0.1115|186| 3. **Moving Averages**: The stock is trading below its 5-day, 10-day, and 20-day moving averages, which is a bearish signal, as it suggests that the short-term trend is downward. |code|Ticker|Name|Date|Moving Average|market_code| |---|---|---|---|---|---| |BTOG|BTOG.O|Bit Origin|20250718|0.4878|186| 4. **Fund Flow**: There has been a net fund flow of $623,530.56, with a block order flow of $451,371.54. While this is positive, it might not be enough to reverse the current downward trend. |code|Ticker|Name|Date|Net Fund Flow|Net Fund Flow (Block Order)|market_code| |---|---|---|---|---|---|---| |BTOG|BTOG.O|Bit Origin|20250106|11473.5056|13076.6401|186| |BTOG|BTOG.O|Bit Origin|20250107|-2316.7502|-1638.3616|186| |BTOG|BTOG.O|Bit Origin|20250108|-8420.1054|-8420.1054|186| |BTOG|BTOG.O|Bit Origin|20250110|-3513.2663|-2842.9945|186| |BTOG|BTOG.O|Bit Origin|20250113|-5489.8508|-3772.9629|186| |BTOG|BTOG.O|Bit Origin|20250114|-53.9379|-2226.3255|186| |BTOG|BTOG.O|Bit Origin|20250115|13585.0836|11654.9584|186| |BTOG|BTOG.O|Bit Origin|20250116|472.622|-1361.1403|186| |BTOG|BTOG.O|Bit Origin|20250117|7208.7551|4312.037|186| |BTOG|BTOG.O|Bit Origin|20250121|-4821.4102|-4709.0954|186| 5. **Market Sentiment**: Despite the bullish technical patterns such as the Bullish Harami Cross, the overall sentiment is cautious, especially given the recent news about the company's Dogecoin purchases. 6. **Strategic Shift**: Bit Origin's strategic shift into Dogecoin is a bold move that could be seen as a speculative bet on the future of cryptocurrencies. While Dogecoin has shown potential, it is still a highly volatile asset, and the company's exposure to it could lead to significant losses if the market sentiment turns negative. In conclusion, while there are some positive indicators, the overall picture suggests that BTOG is not a safe investment for risk-averse investors. The high volatility, overbought conditions, and recent price drops indicate that it could be a suitable candidate for speculative investment, but with the potential for significant losses.