Solana (SOL) gained nearly 6% on Friday, rallying alongside Bitcoin, as the largest cryptocurrency regains $80,000 as support. However, the total value of assets locked in the Solana chain is down $5.26 billion from its peak, a near 50% drop. TVL represents demand and relevance for a chain, meaning Solana is negatively affected by the shifting market dynamics.
Bitcoin spot and margin longs push BTC to $85K, but the bottom isn’t in yet
Is the Bitcoin bottom in, or is today’s price action simply an oversold bounce that will trap overleveraged bulls?
