“It’s up so much — time to take profit?” TL;DR Bitcoin showed strong momentum this week, climbing about 13.5% from roughly $109,000 at the start of the week to a weekend high near $123,000. Multiple bullish catalysts — including U.S. government shutdown hedging and ETF inflows — fueled the breakout. Exchange reserves continued to decline, indicating coins are steadily moving off exchanges onto wallets, a sign of long-term accumulation.
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MYX: Liquidity is decent but lacks top-tier exchanges. Unlocking pressure is heavy (around +25% supply increase starting November). Demand is high but mostly speculative. While it has revenue-sharing and burn mechanisms, valuation heavily relies on trading volume. XPL: Launched with immediate backing from Binance and Tether, giving it near-perfect liquidity and demand metrics. TVL quickly surged into the multi-billion dollar range. FDV is relatively high but with a healthier release schedule. Value capture is moderate. ASTER: Short-term surge with strong user growth and trading volume, but highly reliant on incentives. Token concentration is extreme (96% held by a few addresses). Compliance and technical risks stand out (ultra-high leverage, dependence on Binance USDF).
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Over the past few days, fear-driven selloffs have left many investors unsettled. Yesterday we looked at ETH’s 7-day on-chain and derivatives data—hopefully that brought some clarity. Today, let’s break down the past week for Solana (SOL), covering September 21–27, 2025, with a “first-hand data only” approach (spot + derivatives). TL;DR (7-Day Highlights) 1. On-chain activity remains strong In the last 24h, ~2.29M active addresses and ~58.07M transactions were recorded. Over the week, DEX volumes hit ~$33.9B (+8.6% WoW) and perpetuals volumes ~$13.3B (+25.6% WoW). Demand for both usage and trading is intact. 2. Staking remains steady Current staking ratio sits at ~67.27%, down only −0.23% over 7 days—basically unchanged, suggesting long-term locked supply is stable.
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