CoinShares Head of Research James Butterfill stated that the Digital Asset Treasury (DAT) bubble has largely burst, and by summer 2025, company prices trading at market value to net asset value have fallen to around 1x or lower. Future trends will depend on market behavior; if the macro environment improves, it could provide support for cryptocurrencies. #加密资产 #CoinShares #MacroEnvironment
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CoinShares Head of Research James Butterfill stated that the Digital Asset Treasury (DAT) bubble has largely burst, and by summer 2025, company prices trading at market value to net asset value have fallen to around 1x or lower. Future trends will depend on market behavior; if the macro environment improves, it could provide support for cryptocurrencies. #加密资产 #CoinShares #MacroEnvironment