In the real market, especially the crypto world, the core only comes down to two things:
Volume.
Time.
Starting from early June, SOL as the leading coin first surged with increased volume and pushed higher; around July 3 it entered a high-level phase with stagnation and declining volume.
This indicates that it had already entered the first adjustment phase about two weeks earlier—the pullback was simply delayed.
UNI and AAVE, because during the rebound period their TVL rose and demand increased, saw stronger upside.
But last week, there was also clearly a slowdown in volume with stagnation.
What we originally thought would be an adjustment last week has now been pushed to this week.
After the market opened on Monday, ETH jumped from 1770 to 1846 within 15 minutes, nearly 3%.
Sudden rallies around the switch before and after a weekly cycle are often fake moves.
In the previous week, price stayed in a long sideways range around 1770; the bait wasn’t enough, so it was quickly pushed higher to lure momentum chasers into the market.
So this week, for ETH, BTC, SOL, UNI, and AAVE, we should first look at the first adjustment phase.
But since July, you can already see who is stronger in this round:
ETH.
SOL.
The DeFi sector.
The reason is very simple:
Coin price ultimately is still determined by demand.
During the rebound, TVL rising means DeFi demand increases too—so UNI and AAVE naturally perform better.
The worst performer is Meme.
Big surges and big crashes, with very deep retracements.
The meme hype on the SOL chain only lasted a few days and ended quickly.
From 2021 to now, in each round the duration of meme hype has become shorter and shorter, participants fewer and fewer, and the magnitude of gains and losses has become increasingly extreme.
Meme coins have no margin of safety.
These kinds of coins are neither worth nor should be held long-term.
Volume.
Time.
Starting from early June, SOL as the leading coin first surged with increased volume and pushed higher; around July 3 it entered a high-level phase with stagnation and declining volume.
This indicates that it had already entered the first adjustment phase about two weeks earlier—the pullback was simply delayed.
UNI and AAVE, because during the rebound period their TVL rose and demand increased, saw stronger upside.
But last week, there was also clearly a slowdown in volume with stagnation.
What we originally thought would be an adjustment last week has now been pushed to this week.
After the market opened on Monday, ETH jumped from 1770 to 1846 within 15 minutes, nearly 3%.
Sudden rallies around the switch before and after a weekly cycle are often fake moves.
In the previous week, price stayed in a long sideways range around 1770; the bait wasn’t enough, so it was quickly pushed higher to lure momentum chasers into the market.
So this week, for ETH, BTC, SOL, UNI, and AAVE, we should first look at the first adjustment phase.
But since July, you can already see who is stronger in this round:
ETH.
SOL.
The DeFi sector.
The reason is very simple:
Coin price ultimately is still determined by demand.
During the rebound, TVL rising means DeFi demand increases too—so UNI and AAVE naturally perform better.
The worst performer is Meme.
Big surges and big crashes, with very deep retracements.
The meme hype on the SOL chain only lasted a few days and ended quickly.
From 2021 to now, in each round the duration of meme hype has become shorter and shorter, participants fewer and fewer, and the magnitude of gains and losses has become increasingly extreme.
Meme coins have no margin of safety.
These kinds of coins are neither worth nor should be held long-term.