Le soluzioni layer-2 di Bitcoin stanno attraversando una fase di rivalutazione sotto la pressione di un mercato ribassista, con prezzi in calo, minori volumi di scambio e un esame più severo sulla loro reale utilità e adozione. Investitori e sviluppatori si trovano a fare i conti con dubbi sulla sostenibilità di questi protocolli secondari. Il contesto sta spingendo gli operatori a rivedere strategie e priorità di lungo periodo per le tecnologie layer-2 in condizioni di mercato mutate.

Bitcoin traded above $64,000 on Saturday, briefly clearing $64,200 intraday and standing more than 8% above its June low near $59,000. The move followed $85.9 million of net inflows into U.S. spot bitcoin ETFs on Friday and market attention on Pakistan's prime minister saying a peace agreement is closer than ever, with finalisation expected within 24 hours.

Kalshi's rollout of CFTC-regulated crypto perpetual contracts has reopened a long-standing argument over how the instruments should be classified in U.S. markets. Market veterans are split on whether perpetuals align more with futures—exchange-traded and centrally cleared—or with swaps, given their funding-rate cash-flow mechanics. The answer could shape who can trade them and what rules apply, while concerns about manipulation around funding-rate calculations remain a key point of contention.