Coinbase: As of September 10, DATs hold over 1 million BTC, 4.9 million ETH, and 8.9 million Solana

ChainCatcher news, the Global Research Director and Research Assistant at Coinbase published a report predicting that the crypto market will continue to strengthen in early Q4 2025, primarily due to ample liquidity, a favorable macro environment, and supportive regulatory dynamics.

The report points out that although Bitcoin has experienced a decline in September six times from 2017 to 2022, this "September effect" has been debunked in 2023 and 2024. The report believes that the crypto market will continue to be supported by the demand for digital asset treasuries. Currently, the crypto market is in the "player versus player" phase of the DAT cycle, with a clear trend of funds flowing towards large crypto assets, while smaller DAT participants may face a consolidation phase. As of September 10, DATs hold over 1 million Bitcoins (approximately $110 billion), 4.9 million Ethereums (approximately $21.3 billion), and 8.9 million Solanas (approximately $1.8 billion).