SoSoValue data for the morning of November 5: $BTC 24 rose 4.94% over 24 hours, topping $80,000, while $ETH gained 7.21%, breaking above $2,400. DePIN was the top-performing sector, up 5.79%, while Meme was lowest at 3.11%; RWA gained 5.47% and Layer2 5.28%. Sector rankings were close, but individual tokens varied widely: Raydium rose 17.73%, Injective gained 12.41%, and $RENDER in DePIN rose 9.23%.
My take is that this is a broad-based rise, not sector rotation. The gains of the best- and worst-performing sectors are nearly neck and neck; over a 24-hour window, that looks more like noise. Reading it as a bet on DePIN would be a mistake. The biggest gainers are concentrated among small caps, which are already highly volatile. Next, we’ll see whether trading volume and inflows can keep up.
#比特币 #DePIN #SectorRotation
My take is that this is a broad-based rise, not sector rotation. The gains of the best- and worst-performing sectors are nearly neck and neck; over a 24-hour window, that looks more like noise. Reading it as a bet on DePIN would be a mistake. The biggest gainers are concentrated among small caps, which are already highly volatile. Next, we’ll see whether trading volume and inflows can keep up.
#比特币 #DePIN #SectorRotation