Tue, July 22, 2025 | 7:09PM ET

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

Sean Farrell ^AC

Head of Digital Asset Strategy, Fundstrat

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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.

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

Tickers in this video: BTC

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