Today’s Nuggets
SOL DePin Explodes
BTC Dominance Breaks 63% This Week
China Sold 8% BTC for Gold
OnChain Activity Rebounding on the Blackhole
Banks Cut SPX Targets
I will recap what happened this week, as some crazy records were broken.
We will contextualize things of the week to show where we are in this story.
If you look at crypto against Bitcoin over the last seven days, there is one clear winner: Solana.
Could we see the beginning of an alternate season kicking off? The last time around, the mini-alt season was kicked off by Solana, and this time is no different.
It is very similar to late 2020-21 when Ethereum led the way, but now we have a new leader. We will see if this thing has legs.
The global liquidity is painting a beautiful picture for us as well.
In dollar terms, Solana is up a solid 14% for the week, outperforming everything else.
Bitcoin is up 1.9%, just above $85K. It is acting like
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