Valuation Update: Where Are We Trading?

Bitcoin's sitting slightly overbought right now, trading 0.75 standard deviations above its mean of $92,682. The momentum reads bullish, though volatility remains moderate—nothing extreme either way. It's the kind of setup where you might see profit-taking, but the trend stays intact.

Ethereum's in a similar boat, running 0.72 standard deviations above its $3,194 mean. Again, bullish momentum with medium volatility. The bigger picture here is both majors are pushing upward but haven't overextended dramatically.

Solana, meanwhile, is fairly valued at the 0.3 mark—pretty much sitting where it should be according to valuation channels. No real stretch in either direction. This kind of equilibrium often precedes decisive moves, so worth monitoring closely over the next period.