The short-term trend of BTC, combined with on-chain data from solvBTC, is actually very regular. First, let me summarize two rules for everyone:
1. When the amount of BTC staked in solvBTC begins to decrease—this means the large holders' stance is shaky! They begin to feel that they should sell, and at this time, the short-term price peak of BTC appears.
2. When the amount of BTC staked in solvBTC begins to increase—it means large holders start buying in and begin to earn interest, staking everything in solv, and they will not sell in the short term, which means the bottom of BTC will be reached.
1. Practical teaching on predicting BTC fluctuations based on solvBTC data
Here’s a more intuitive chart for everyone to understand: After BTC hit a historical high on May 22, the solvBTC staking began to decrease, and large holders started to sell! A significant drop occurred on May 23, so this round of adjustment was caused by the chain reaction after the redemption and sale of the staking pool!
So when does it drop to the range that large holders consider reasonable? It still depends on when the solvBTC data starts to rise, indicating the artificially set reasonable range by large holders. The answer is between 103,000 and 105,000:
Moreover, last night BTC adjusted to around 100,000, but solvBTC did not show a decrease, indicating that large holders basically held their coins steady, meaning they are waiting for an increase and are bullish on the future. Therefore, it can be inferred that BTC will likely have a short-term rebound, with the rebound peak between 107,000 and 110,000.
2. Discuss the principles behind this set of rules: Looking at the revenue empowerment route of BTC assets from SolvBTC
You must think from the perspective of large holders!!!
If large holders don’t sell, they need to earn interest on BTC, which basically means storing it in solv, so this logic is very robust!
As the first flagship product of liquidity earning tokens launched by Solv, SolvBTC realizes 1:1 support with native or wrapped BTC on various chains. The core mission of Solv Protocol is to deeply explore the earning potential of BTC across different chains and markets, integrating these earning opportunities into the Solv platform to create more value for users.
From the data performance, the total locked value (TVL) of Solv Protocol has shown strong growth since the launch of the points system in April 2024, continuously rising.
According to the latest data from the official website, the total TVL of Solv Protocol has surpassed 2.5 billion USD. Among them, the total amount of BTC staked in SolvBTC exceeds 25,000 coins. This product has successfully landed on multiple mainstream networks including Ethereum, BNB Chain, Arbitrum, Avalanche, BOB, etc. Notably, on the BNB Chain, SolvBTC's asset proportion ranks first. Additionally, SolvBTC's user growth momentum is rapid, especially since the joint event with Binance Web3 wallet in June, the number of users has rapidly climbed to nearly 850,000, becoming one of the most recognized and consensually accepted Bitcoin assets in the ecosystem.