Bitcoin near $80K while Solana rises; analysts cite weakening US spot demand and DTMM signals

Bitcoin (BTC) was reported as trading in the $80,000 area again after rising by more than $2,000 from the prior day’s low, while Solana (SOL) was reported as the top performer among large-cap tokens, up 8% to $105, its highest level since late January ^[1].

A separate report said Bitcoin was stalling below an “expansion zone” framework as US spot demand weakened, citing CryptoQuant analyst GugaOnChain and pointing to indicators including a DTMM reading of 2.03, negative Coinbase premiums, and neutral derivatives funding ^[2].

CoinoMedia also attributed its view of Bitcoin to DTMM, stating BTC is between “accumulation” and “expansion” phases and that institutional capital is expected to determine the next liquidity direction ^[3].

Cryptopolitan reported that blockchain networks in 2026 have increasingly pivoted toward specialist use cases, describing a pattern where most chains show a single high-liquidity use case, and arguing this specialization can reduce reliance on artificial incentives while potentially expanding the real user base ^[4].

A low-authority preview suggested September could bring catalysts for Kaspa, Solana, and Hyperliquid tied to factors including supply dynamics, network activity, token economics, and protocol revenue, and stated that Kaspa’s catalyst is described as building over years rather than a single sudden network event ^[5].