Core Insights - The growth of Ethereum by 2026 is expected to be driven more by crypto neobanks and financial products aimed at everyday users rather than speculative activities [1] - In 2025, Ethereum underwent a phase of institutional advancement, with tools like ETFs and DATs starting to influence the market [1] - Key areas for further Ethereum application may include stablecoins, on-chain yields, and products that offer a closer experience to traditional finance [1]

Core Viewpoint - Despite significant accumulation by Bitcoin ETFs and DATs, Bitcoin's price has not attracted the same level of retail participation as in previous cycles [1] Short-Term Outlook - Bitcoin is likely to face challenges in recovery due to declining stablecoin reserves, with capital outflows reaching nearly $1.9 billion in just 30 days [2] - Major exchanges, particularly Binance, show a significant drop in ERC-20 stablecoin reserves, indicating that retail investors are exiting the market [3] - The lack of investor interest in immediate market exposure is evident as some investors withdraw their stablecoins instead of keeping them on exchanges [4] Medium-Term Outlook - On-chain capital inflows into Bitcoin are gradually weakening, with the realized cap stalling after approximately 2.5 years of growth [5] - The PnL Index Signal, which tracks profit and loss based on wallet cost basis, has been moving sideways since early 2025 and is trending downward, indicating increasing losses [6] - A sentiment recovery may take a few months according to industry analysis [6] Long-Term Outlook - Long-term perspectives remain optimistic, with analysts like Peter Brandt maintaining a bullish stance on Bitcoin [7] - Brandt notes that Bitcoin has experienced five logarithmic parabolic advances over the past 15 years, with declines of at least 80% following each cycle, suggesting the current cycle is not yet over [7] - While no specific timing for a potential bottom was provided, Brandt projects that the next bull market peak could occur in September 2029 [8]

Cantor gives HYPE a $200B+ target in their recent deep dive reportLuke Cannon (@lukecannon727):Cantor Fitzgerald just released a 62-page report on Hyperliquid, HYPE, & its DATsIn their 10-year model, they estimate a 50x multiple on $5 billion in annual revenue for a HYPE market cap of $200+ billionThey initiate coverage on both PURR & HYPD with a rating of https://t.co/b5Coa6l7ND ...

Do you remember when the cryptobull market ended. Many say it happened on October 10, the day of the biggest liquidation event in history. While billions in retail positions were wiped out, one player seemed to know exactly what was coming.A single whale walked away with about $200 million in profit. And it wasn't the only one moving. Around the same time, large Bitcoin holdings, some untouched for years, suddenly began to shift.That synchronized activity raised an uncomfortable question. If whales can anti ...

Solana DATs Tracking - Tracks, graphs, and follows Solana DATs in real-time [1] - SSR scans public filings and other sources to identify new SOL acquisitions [1] Development & Maintenance - Built and maintained by @cookinsol [1]