BTC is still grinding around 80k USDT; meanwhile, on-chain tokenized stocks have already pulled out the “BTC proxy shares.”
In the $MSTRon (Ondo/BSC tokenized MicroStrategy) Stock leaderboard, over the past 24h it's up about +11.3%. Current price is around 138.4 USDT, with about 6.11 billion USDT traded over 24h, and market cap around 54.58 billion USDT. This is more interesting than just looking at $BTC : mainstream coins haven’t lost momentum, but capital has started to hunt for RWA assets that are “more strongly correlated with BTC” and have greater upside/volatility.
I’ll treat it as a sentiment thermometer—I won’t only look at the gains. MSTRon holders are about 945, Top 10 accounts for about 87.6%, so concentration isn’t low. Also, on-chain 7x24 quotes don’t equal the US stock main board—when BTC dips again, these proxy assets are usually hit first.
In this round, would you rather watch the $BTC itself, or the $MSTRon kind of RWA proxy with leveraged-like volatility?
#bStocks #RWA #现货观察
In the $MSTRon (Ondo/BSC tokenized MicroStrategy) Stock leaderboard, over the past 24h it's up about +11.3%. Current price is around 138.4 USDT, with about 6.11 billion USDT traded over 24h, and market cap around 54.58 billion USDT. This is more interesting than just looking at $BTC : mainstream coins haven’t lost momentum, but capital has started to hunt for RWA assets that are “more strongly correlated with BTC” and have greater upside/volatility.
I’ll treat it as a sentiment thermometer—I won’t only look at the gains. MSTRon holders are about 945, Top 10 accounts for about 87.6%, so concentration isn’t low. Also, on-chain 7x24 quotes don’t equal the US stock main board—when BTC dips again, these proxy assets are usually hit first.
In this round, would you rather watch the $BTC itself, or the $MSTRon kind of RWA proxy with leveraged-like volatility?
#bStocks #RWA #现货观察