BTC $64,660.80 +0.59%
ETH $1,918.03 +1.03%
BNB $586.44 +3.17%
XRP $1.08 +1.06%
SOL $74.38 +1.30%
TRX $0.3278 +0.45%
DOGE $0.0702 -0.11%
ADA $0.1679 +2.68%
BCH $217.63 +3.49%
LINK $8.44 +1.86%
HYPE $53.59 -2.71%
AAVE $98.57 -0.03%
SUI $0.6939 +1.13%
XLM $0.1724 -0.10%
ZEC $473.82 +2.10%
BTC $64,660.80 +0.59%
ETH $1,918.03 +1.03%
BNB $586.44 +3.17%
XRP $1.08 +1.06%
SOL $74.38 +1.30%
TRX $0.3278 +0.45%
DOGE $0.0702 -0.11%
ADA $0.1679 +2.68%
BCH $217.63 +3.49%
LINK $8.44 +1.86%
HYPE $53.59 -2.71%
AAVE $98.57 -0.03%
SUI $0.6939 +1.13%
XLM $0.1724 -0.10%
ZEC $473.82 +2.10%

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first_img Fidelity Q3 Signal Report: The net unrealized gains and losses of BTC, ETH, and SOL are all at historical lows, with multiple indicators approaching the capitulation zone

According to the Q3 2026 signal report released by Fidelity Digital Assets, the prices of BTC, ETH, and SOL are generally at historical lows, with multiple indicators close to the capitulation zone. Fidelity believes that the current valuation levels may correspond to attractive long-term entry conditions.As of the end of Q2, the weighted net unrealized profit and loss (NUPL) was -0.01, with BTC being the only asset with a positive unrealized profit, approximately 10% above its cost basis, with an unrealized profit of about $108 billion, while ETH and SOL were approximately 30% and 41% below their cost bases, with unrealized losses of about $87 billion and $29 billion, respectively. BTC's market share rose to 68% quarter-over-quarter.The report states that, based on historical backtesting, the current NUPL readings for the three correspond to one-year median returns of 53%, 70%, and 542%, respectively, but the reliability of the samples decreases sequentially. The NUPL reading for SOL has only occurred 21 times in history, concentrated at the end of 2025, which has limited statistical significance.On the fundamental side, the value of stablecoin transfers for both ETH and SOL has reached new highs, exceeding $20 trillion and $2.6 trillion, respectively, over the past 12 months, but network fee revenue continues to decline.Additionally, the report attributes the 22% decline in BTC hash rate from its peak to miners shifting their computing power towards AI and high-performance computing, as AI contract revenues are more stable due to the depressed coin prices.

1inch launches the shared liquidity protocol Aqua, enabling a single fund to support multiple DeFi liquidity positions

According to official news, the decentralized exchange aggregator 1inch has officially launched the shared liquidity protocol Aqua for all users. Aqua allows users to support multiple liquidity positions simultaneously with just a token balance, without the need to deposit assets into a liquidity pool. The assets remain in the user's wallet, and only when a transaction is actually executed does the protocol call the corresponding tokens from the wallet through a single atomic transaction to complete the settlement, returning the received tokens and fees to the wallet.1inch stated that this new model, known as "shared liquidity," is expected to address current issues in DeFi liquidity, such as long-term idle liquidity, low capital utilization, and asset custody risks. The protocol was opened to developers last November and is now officially launched for all users, supporting 13 EVM-compatible chains including Ethereum, Arbitrum, Base, Robinhood Chain, and BNB Chain.1inch indicated that there are several structural issues with current DeFi liquidity. Although many protocols have a high total value locked (TVL), a large amount of liquidity remains in inactive price ranges for extended periods, failing to earn trading fee revenue while also bearing market volatility risks. Additionally, liquidity providers (LPs) typically need to split limited funds across different protocols, trading pairs, and price ranges, leading to decreased capital utilization. Furthermore, traditional models require users to deposit assets into liquidity pools, which not only loses other uses of the assets but also means relinquishing asset custody rights and facing risks such as JIT (Just-In-Time) liquidity bots seizing fees. Aqua enhances capital efficiency by registering wallet balances as a shared liquidity source, allowing the same asset to support multiple liquidity positions without transferring asset ownership; when the wallet balance is insufficient to cover a transaction, the protocol will not execute that transaction, thus keeping the user's actual risk always limited by the wallet holdings.
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