#Solana行情走势解读 **Bitcoin experiences short-term oscillations again, but ecosystem growth signals continue**

Currently, Bitcoin is repeatedly testing the $90,000 mark, dropping from 89,343 to 91,838 within 24 hours. In the short term, there’s no clear direction. But don’t just focus on the price; these changes are more worth paying attention to.

**Funding situation is a bit awkward**
In the past two days, spot ETF net outflows totaled $749 million, and the market seems to be digesting this. Meanwhile, MicroStrategy is still increasing its holdings, buying another 1,287 BTC in the past two days at an average price of $90,391. Large holders haven’t sold off, which is still a somewhat interesting signal.

**The small flame of the DeFi ecosystem is growing stronger**
Total Value Locked (TVL) has surpassed $350 billion. A certain DEX has an average daily trading volume of $4.5 billion, surpassing a leading platform’s $3.8 billion. No matter how Bitcoin oscillates, the DeFi ecosystem continues to move forward on its own.

**Industry actions are frequent**
Tether has partnered with the United Nations Office on Drugs and Crime to promote cybersecurity education and anti-cryptocurrency scam efforts in Africa. This indicates that institutional involvement is not only about profits but also about compliance and risk management.

**Green mining has become a new label**
The proportion of renewable energy in the Bitcoin network has exceeded 56.7%. More and more mining farms are shifting to renewable energy sources. Even Helsinki, Finland, is considering using waste heat generated from mining for heating. This kind of "waste utilization" approach could help improve the reputation of the crypto industry.

**Globalization of privacy chains accelerates**
Interesting data from the Midnight community survey: participation in Africa has increased tenfold, Asia fourfold, and Latin America nearly threefold. Privacy-focused public chains are moving from Europe and America to the global stage, with emerging markets showing a stronger demand for data privacy than expected.