In recent days, aside from price fluctuations, policies, institutions, and major players have also been active.#大而美法案

On one hand, the U.S. has passed a super budget bill jokingly referred to as the 'Great Beautiful Bill', while on the other hand, institutions are quietly sweeping the market#solana （#sol ）!🌀

#ETH 、#BTC have shown weakness, while political and capital flows are stirring the market uneasily.

🏛️ The 'Beautiful Bill' passed, but the crypto world is left on the sidelines...

Let's first talk about this 'Great Beautiful Bill' strongly promoted by Trump. This thing passed in the Senate with a 50:50 tie, relying on the crucial vote cast by Vice President JD Vance. The standoff lasted 24 hours, it was like a political marathon ⚖️.

What does this bill have? Let's highlight the key points👇:

  • ✅ Extend the tax cut policy from the Trump era

  • ✅ Increase military spending & immigration enforcement funds

  • ❌ Cut $930 billion in medical and nutritional aid spending

  • ❌ Cut a large number of Biden administration green energy projects

  • ❌ Raise the national debt ceiling directly by $5 trillion 😱

The most critical point is: there are no mentions of the crypto industry at all, especially miners who haven't seen even the most basic tax reductions, which is quite unfortunate. Miners are already facing diminishing block rewards and thin profits, and this situation is adding insult to injury ⛏️💸.

Senator Cynthia Lummis also complained: 'Miners and stakers are taxed twice, once when they receive rewards and once when they sell, which is unreasonable!' However, this appeal was not included in the bill. It seems that the crypto industry is not yet the 'main character' in political games 😶.

🏗️ Institutions are flooding into SOL, and DeFi real estate companies are transforming into 'crypto strategists'?

Compared to the quiet policy side, the capital market has started to quietly lay out plans.

On July 1, the crypto finance company DeFi Development (formerly a real estate company) announced plans to issue $100 million in convertible bonds specifically for purchasing Solana (SOL)! They have also left a backdoor, with a total amount that can increase to $125 million 💰.

As of now, they have already bought 609,000 SOL and continue to purchase.

Another Canadian company, SOL Strategies, has also been active, increasing their holdings by 163,000 SOL in June and currently staking a total of 3.7 million SOL to earn staking rewards + betting on price increases.

📉 Is the current price lull a good time to build positions or a signal for further declines?

But don't celebrate too early. Crypto analyst Brandon Hong is bearish on SOL, saying that this wave of 'staking benefits' is actually an opportunity for news sell-offs. He has directly opened a short position, believing SOL will drop to $140.

From a technical perspective, this also makes sense: RSI is being suppressed around the midline, SOL has dropped from 144, declining about 9%. If it falls to $140, this analyst's prediction will have come true 📉.

On the other hand, from a market capitalization perspective, SOL's actual circulating market cap has increased from $77 billion to $78 billion, indicating that large funds are entering the market. In other words, the current decline may just be a 'technical washout' before institutional accumulation 🤔.

🔍 Summary: Policies are ineffective, but funds are moving first?

Overall, the policy still lacks a clear stance towards the crypto industry, especially unfriendly towards miners and the DeFi sector. On the funding side, there is a clear preference for 'new narrative' assets, such as SOL, which is continuously being accumulated by institutions.

So the question arises: is this a signal for large institutions to position themselves early, or another round of enticing before a bubble? Should we retail investors follow? How should we follow? Should we wait for a pullback? 🧠

Q1: Why has the crypto industry not received a clear positioning in U.S. policies for so long? What impact does this have on future development?
A1: The main reasons are significant regulatory differences, slow legislative processes, and numerous controversies in the crypto space (anti-money laundering, tax evasion, energy, etc.). This uncertainty makes it difficult for businesses to plan for the long term and could cause the U.S. to fall behind in global crypto competition.

Q2: Are institutions buying SOL because they see some unique value in it? Why not buy ETH or BTC?
A2: SOL focuses on high performance, high concurrency, and low fees, suitable for practical landing scenarios in DeFi and NFTs. It is not constrained by L2 scaling issues like ETH, nor does it have the storage value characteristics of BTC; institutions may value its 'new narrative' potential more.

Q3: If I am a novice, should I consider buying SOL now? Or should I continue to observe?
A3: If you value the medium to long term and are willing to hold for several months, you can consider accumulating in batches at this stage. However, there is still a possibility of it falling to $140 in the short term, so don't go ALL IN; setting stop losses or planning your purchases will be more prudent.

✍️ DYOR, manage risks well, may everyone set sail in the crypto world! 🌊

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