🚀 Ethereum and Solana Surge: New Records and Institutional Boost
📈 Ethereum above $4,500
• Market strength: Surge driven by treasury purchases and inflows into ETFs.
• Performance: Year-to-date, ETH has already surpassed Bitcoin's growth.
• Institutional purchases: Treasury companies have accumulated over $9 billion in ETH recently.
• Bold forecast: Geoffrey Kendrick (Standard Chartered) estimates they could hold up to 10% of the total ETH supply.
• BitMine in the spotlight: Expanded stock buyback program to $24.5 billion aiming for more purchases. Already holds 1.15 million ETH (~$5 billion).
• ETH ETFs: Accumulated $9.4 billion since July/24, with a daily record of $1 billion in inflows.
🔥 Solana near $200
• Key news: Upexi announced Arthur Hayes (co-founder of BitMEX) as the first member of the strategy committee focused on Solana.
• Upexi's treasury: Holds 1.9 million SOL, reinforcing presence in the ecosystem.
• Immediate reaction:
• SOL futures: +1.97% in OI, reaching $10.18 billion (first time this month).
• Futures volume: +5.46% to $29.2 billion.
• Options: OI +27.88% to $12.81 million.
• Technical alert: STH-NUPL metric at 0.093, “hope/fear” zone, where profit-taking sales may increase.
💡 Summary: Ethereum receives strong traction from institutions and ETFs, while Solana attracts attention with strategic moves and an increase in the derivatives market.
The market mood is cautiously optimistic.