An interesting situation in the market this week. The rise in rates has weighed on risk assets—BTC is holding around $77.8K after previous attempts. But Solana is down 1.32% over the day, clearly leading the declines.



I checked the flows—outflows from the BTC ETF are indeed solid, around $3.8 billion per year. But stablecoins added only $773 млн of new supply, which is surprisingly weak. Open interest is swinging back and forth, funding has changed direction, and the basis has compressed.

Overall, it’s a tough week. Coin snap shows that the market is waiting for a clearer signal—for now, the move is uncertain, and that’s visible across all metrics.
BTC-1.78%
SOL-3.03%
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