Bybit 发布《2025 年第三季度资产配置报告》,显示投资者持续削减稳定币持仓,转而增配 SOL、XRP 及其他山寨币。BTC 和 ETH 虽仍为核心资产,但其在非稳定币资产中的集中度自 5 月的 58.8% 降至 8 月的 55.7%。SOL 持仓创年度新高,稳定币资金主要流向 DEX、L1/L2、RWA 代币,迷因币表现平淡。机构投资者正主导这波资产轮动,强化山寨币在组合中的地位。
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