BTC is falling, DeFi is rising. Money hasn't left, just moving.


This morning, the market opened with BTC at $65,786, down 0.8% in 24 hours. SOL also declined, ETH remained flat. The entire market looked quiet.
But there’s something interesting on the altcoin side. UNI rose 3% to $3.39, STG increased 7%, PENDLE up 2.6%. CoinDesk published an article yesterday titled "Uniswap and Worldcoin Are Strengthening Against the Trend."
It's not random. UNI's trading volume today is twice the usual, and the same for STG. Bitcoin is moving sideways, with funds shifting into DeFi. This is different from the 2024 rally, when meme coins led the surge and DeFi followed. This time, DeFi is moving first.
It's still early to call it a "DeFi summer." But when Bitcoin is weak, altcoins jumping first is usually not noise. Next, keep an eye on one thing: whether UNI can hold above $3.4 in this wave.
BTC0.41%
SOL1.96%
ETH1.75%
UNI27.05%
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