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September's Crypto Triumvirate: Who Will Lead Among BTC, ETH, and SOL?
As September just started, the crypto market is a bit shaky, and everyone is waiting for direction. Looking at it now, BTC, ETH, and SOL are trying to grab the "big brother" position this month. Whether they can succeed depends crucially on whether institutions are buying in, how derivatives hold up under pressure, and whether DeFi can continue to rise. Let's talk about BTC first; it seems to have a bit of an "American halo" lately, and you can feel that American institutions are aggressively accumulating. But that said, whether this demand can truly push September's prices up still depends on whether there are continuous additions to positions afterward; just having excitement right now is not enough.
Looking at ETH again, it has a bit of a "half is seawater and half is flames" meaning. The derivatives market isn't very strong, and there's still selling pressure, but the spot market does have some signals hidden in it—over 120,000 ETH are withdrawn from exchanges daily, which may indicate that someone is quietly accumulating. Therefore, the outlook for ETH this month is uncertain and very delicately balanced.
Finally, there is SOL, which is supported by DeFi. The total locked value has surged to 15.7 billion USD, with a 4.19% increase in 24 hours; the ecosystem is indeed on the rise. But there is a problem: the trading end is a bit cold. Next, we will see if its fundamentals can withstand this "speculative fatigue". If it can't hold on, the previous growth may have been in vain.
Overall, BTC in September is currently leveraging both institutional demand and scarcity, leading for now; on the ETH side, there is caution in derivatives and confidence in spot trading, giving it a chance to fight back; SOL has opportunities through DeFi innovation, but the downturn in short-term trading needs to be reversed quickly. Ultimately, who can win depends on which logic everyone believes in more - whether it's BTC's "stability", ETH's "progress amidst stability", or SOL's "disruptive opportunities". Anyway, BTC currently has the advantage, but ETH and SOL might also surprise us.