According to @MilkRoadDaily, BTC futures have reached $700 trillion in notional volume, roughly six times global GDP, and are described as one of the most traded markets globally (source: @MilkRoadDaily, X post dated Sep 10, 2025). For context, the World Bank estimates 2023 global GDP at about $105 trillion, aligning with the 6x ratio (source: World Bank, World Development Indicators). This scale typically coincides with deep liquidity but higher sensitivity to leverage-driven moves in BTC, a dynamic documented in research on crypto derivatives’ amplification of price swings (source: Bank for International Settlements, Quarterly Review analyses on crypto derivatives). Regulated venue participation underscores this liquidity profile for traders monitoring basis, funding, and open interest (source: CME Group, BTC futures and monthly volume reports).

According to @MilkRoadDaily, Binance BTC futures have recorded about $700 trillion in cumulative trading volume—roughly six times global GDP—making it one of the most actively traded markets globally (source: @MilkRoadDaily). For traders, this scale indicates deep liquidity and high turnover in BTC perpetuals on Binance, supporting tighter spreads but also faster move propagation during volatility (source: @MilkRoadDaily).

According to @MilkRoadDaily, David Bailey argues that BTC’s risk-reward remains the best in crypto and flags ETFs plus politics as the tipping point traders should monitor for directional flows and volatility, source: @MilkRoadDaily. He contextualizes upside with the statement that at 1,000,000 dollars per BTC, Bitcoin would be a 21 trillion dollar asset, framing the long-term thesis rather than a short-term target, source: @MilkRoadDaily. The discussion highlights concrete trading catalysts: Bitcoin ETF developments, the rise of BTC treasury companies, the early build-out of Bitcoin-focused banks, and the possibility of sovereign or central bank participation being a future driver, source: @MilkRoadDaily. It contrasts exposure paths by weighing ETF ownership versus direct BTC on corporate treasuries and outlines risk management for BTC treasuries as a core theme for capital allocators, source: @MilkRoadDaily. Time-coded sections cover market outlook, cycle dynamics, bear market changes, ETF and political catalysts, Bitcoin as a belief system, Figure Markets, KGeN, and managing BTC treasury risk, giving traders focused areas for due diligence and headline tracking, source: @MilkRoadDaily.

According to Milk Road (@MilkRoadDaily), ETH is up 31% while SOL is up 15% over the same recent period, indicating ETH leadership in this leg of the market; source: Milk Road (@MilkRoadDaily). These figures imply the SOL/ETH pair underperformed by roughly 12% over that period (1.15 divided by 1.31 minus 1 ≈ -12%), a relative-strength signal traders can monitor for rotation; source: Milk Road (@MilkRoadDaily). The post states that SOL strength often follows ETH later in the cycle, so traders may watch the SOL/ETH ratio, funding, and spot flows for confirmation rather than pre-empt entries; source: Milk Road (@MilkRoadDaily). The source did not specify the timeframe or methodology for the return figures, so position sizing and risk controls should reflect uncertainty around the referenced period; source: Milk Road (@MilkRoadDaily).

According to @MilkRoadDaily, ETH is up 31% year-to-date while SOL is up 15% as of Sep 10, 2025. Source: @MilkRoadDaily on X, Sep 10, 2025. This shows ETH has outperformed SOL by roughly 2x YTD with a 16 percentage-point spread, a useful input for ETH/SOL relative strength and momentum-oriented trading. Source: @MilkRoadDaily on X, Sep 10, 2025. Both assets are positive YTD, signaling broad upside within large-cap alts, with ETH currently leading on performance metrics. Source: @MilkRoadDaily on X, Sep 10, 2025.

According to @MilkRoadDaily on X (Sep 10, 2025), retail investors are holding $7.4 trillion in cash, and a 1–5% allocation shift into crypto would equate to $74–$370 billion of fresh inflows, which they state is enough to light up BTC, ETH, and altcoins (source: @MilkRoadDaily). According to @MilkRoadDaily, this flow math frames a trading setup where even a small retail allocation could materially expand market liquidity and price discovery across majors and alts (source: @MilkRoadDaily).

According to @MilkRoadDaily, total cryptocurrency market capitalization has risen from $1.6T to $3.85T over the past 21 months, a surge of nearly 140%, indicating powerful market momentum, source: @MilkRoadDaily. The author adds that momentum like this does not fade easily, a signal traders can monitor for potential trend continuation in the broader crypto market, source: @MilkRoadDaily.

According to the source, Visa already uses USDC stablecoins to settle with merchant acquirers and expanded support to Solana and Ethereum to enable faster on-chain settlement; source: Visa Newsroom, Sep 5, 2023. The program involves partners Worldpay and Nuvei to facilitate USDC settlement for merchants alongside traditional rails; sources: Visa Newsroom, Sep 5, 2023; Circle Blog, Sep 5, 2023. Visa frames stablecoin settlement as improving speed and lowering costs versus legacy cross-border processes; source: Visa Newsroom, Sep 5, 2023. This connects card payment flows to USDC liquidity on Solana (SOL) and Ethereum (ETH), a relevant factor for monitoring on-chain activity and liquidity conditions; source: Circle Blog, Sep 5, 2023.

According to @MilkRoadDaily on X on Sep 9, 2025, the market is being framed as a golden bull driven by institutional participation and growing ETH treasuries, signaling bullish sentiment for ETH and broader crypto (source: @MilkRoadDaily). According to @MilkRoadDaily on X on Sep 9, 2025, the post contrasts this with past crashes like Luna and FTX, highlighting that volatility risk remains a key consideration for traders despite the bullish narrative (source: @MilkRoadDaily). According to @MilkRoadDaily on X on Sep 9, 2025, ETH-specific treasury accumulation places ETH at the center of the current narrative, which traders can treat as a sentiment indicator for momentum-oriented strategies (source: @MilkRoadDaily).

According to @MilkRoadDaily, $BMNR turned a $20M position in $OCTO into nearly $500M within 24 hours, implying roughly a 25x return based on the reported figures, source: @MilkRoadDaily. The post notes Crypto Twitter is divided on whether this aligns with the mandate of what it calls the world’s largest $ETH treasury, raising treasury-governance and risk considerations for Ethereum market participants, source: @MilkRoadDaily. It also cites a near-miss that could have been the largest crypto hack to date and states a Fed rate cut is almost certain, framing a risk-on backdrop and heating up crypto markets, source: @MilkRoadDaily.

According to @MilkRoadDaily, Franklin Templeton executive Sandy Kaul projects a 100 trillion migration of financial assets onto crypto rails within five years, driven by stablecoins, tokenized stocks, and AI-managed portfolios, source: @MilkRoadDaily. The interview highlights tokenized assets as the next big catalyst and calls out segments on Institutions Entering Crypto and Accounts to Wallets, signaling rising focus on RWA tokenization venues and wallet-centric user flows, source: @MilkRoadDaily. Figure Markets and KGeN are specifically mentioned in the timeline, indicating market attention on tokenization platforms and related infrastructure that traders may track for listings and liquidity trends, source: @MilkRoadDaily. The segment AI + Blockchain = Portfolio 2.0 underscores an emerging shift toward AI-managed, on-chain portfolios, a theme with potential flow implications for tokenized funds and digital asset management products, source: @MilkRoadDaily.

According to @MilkRoadDaily, @stsssol accumulated about $400M of SOL in the first week as it builds a digital asset treasury (source: @MilkRoadDaily). According to the same source, an ATM is planned that it says will increase buying power, making SOL and the $STSS ticker key watch items for volume and liquidity shifts (source: @MilkRoadDaily).

According to @MilkRoadDaily, 66% of tokens are trading above their 200-day moving average while only 38% remain above the 50-day, highlighting weak short-term momentum versus long-term strength, according to @MilkRoadDaily. According to @MilkRoadDaily, momentum is split and the next move will determine whether price action resolves into a blow-off top or continues in choppy range conditions, according to @MilkRoadDaily.

According to @MilkRoadDaily, Ondo’s total value locked rose from $612M a year ago to a new all-time high of $1.47B today, a 140% increase over 12 months (source: @MilkRoadDaily). Over the same period, the ONDO token is up 58%, which the source summarizes as money follows fundamentals (source: @MilkRoadDaily).

According to @MilkRoadDaily, Tom Lee projects BTC could reach 200,000 dollars by year-end, citing crypto’s hypersensitivity to Federal Reserve policy as the core driver (source: @MilkRoadDaily on X, Sep 8, 2025). @MilkRoadDaily states the Fed has been on pause for nine months and that rate cuts are expected to resume on September 17, making the FOMC decision a key event risk for BTC and broader crypto beta (source: @MilkRoadDaily on X, Sep 8, 2025). @MilkRoadDaily adds that in prior instances when the Fed began cutting, risk assets rallied, implying a bullish setup for BTC if cuts begin as expected (source: @MilkRoadDaily on X, Sep 8, 2025). Based on this thesis, traders may time exposure and volatility strategies around the September 17 FOMC to capture potential upside in BTC momentum (source: @MilkRoadDaily on X, Sep 8, 2025).

According to @MilkRoadDaily, BitMine now holds more than 2,000,000 ETH, making it the second-largest crypto treasury globally, only behind MicroStrategy's $71B BTC position; source: @MilkRoadDaily. According to @MilkRoadDaily, BitMine's ETH holdings are valued at over $8.9B, highlighting the scale of its balance-sheet exposure to ETH; source: @MilkRoadDaily.

According to @MilkRoadDaily, Solana (SOL) has generated $1.25B in year-to-date revenue, nearly 2.5x Ethereum (ETH), framed as evidence of stronger blockspace demand with no other chain close, source: @MilkRoadDaily, X, Sep 8, 2025. For trading, this revenue gap provides a concrete on-chain activity metric to compare SOL versus ETH performance and to monitor demand-driven fee trends, source: @MilkRoadDaily.

According to @MilkRoadDaily, Paxos plans to allocate 95% of its interest to $HYPE buybacks, sending significant inflows into the Hyperliquid ecosystem. Source: @MilkRoadDaily, X post dated Sep 8, 2025. The post characterizes this as a massive inflow directly into HyperliquidX, implying persistent buy-side support for $HYPE if the plan is executed as stated. Source: @MilkRoadDaily, X post dated Sep 8, 2025. The post does not include specifics on execution timing, frequency, or wallet details, which are critical for assessing near-term impacts on $HYPE liquidity and volatility. Source: @MilkRoadDaily, X post dated Sep 8, 2025. Traders can watch for official updates from Paxos and Hyperliquid to confirm implementation details and gauge realized buyback flow effects on order book depth, spreads, and price stability for $HYPE. Source: @MilkRoadDaily, X post dated Sep 8, 2025.

According to @MilkRoadDaily, Nasdaq (NDAQ) has filed to trade tokenized stocks, positioning the U.S. equity market’s core exchange to enable blockchain-based settlement for equities. According to @MilkRoadDaily, this could plug trillions in equities directly onto blockchain rails, a development with direct implications for tokenized real-world assets and on-chain market infrastructure.

According to @MilkRoadDaily, Grayscale has filed for a Chainlink (LINK) ETF, adding to its existing spot Bitcoin (BTC) and Ethereum (ETH) ETFs (source: @MilkRoadDaily on X, Sep 8, 2025). According to @MilkRoadDaily, the firm now has ETF filings for Solana (SOL), Ripple’s XRP (XRP), Litecoin (LTC), Dogecoin (DOGE), and Avalanche (AVAX), with Chainlink as the latest addition, indicating a broader multi-asset ETF push that traders should track for flow rotation effects across altcoins (source: @MilkRoadDaily on X, Sep 8, 2025). According to @MilkRoadDaily, the post did not include an SEC docket number or filing link, so traders should verify on SEC EDGAR and Grayscale’s official channels before positioning, while monitoring LINK spot liquidity, perpetual funding, open interest, and basis for headline-driven dislocations (source: @MilkRoadDaily on X, Sep 8, 2025).