Negative Seasonality Looms, But Liquidity Signals Remain Positive, SOL Rotation Intensifies

Jul 22, 2025

Discussed in today's video:

  • BTC enters a seasonally weak period from mid-August to September.
  • But liquidity conditions remain favorable, as Treasury has not yet begun replenishing the TGA and the dollar has continued its decline, both of which support BTC strength.
  • SOL is attracting institutional flows, with over $1 billion in CME futures volume, elevated open interest, and a high basis, suggesting some capital rotation to SOL.

Tickers in this video: #BTC

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