Bitcoin, Ether, and Solana have seen significant declines in 2026, with digital asset trading activity slowing across major markets. GSR, a global crypto trading and market-making firm, responded by shifting the allocation in its Core3 model portfolio, favoring Bitcoin over Ether amid persistent market weakness.
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AAPLGSR adjusts portfolio after steep market drop
GSR’s Core3 model portfolio, which uses internal quantitative indicators to allocate among Bitcoin, Ether, and Solana, has undergone notable changes as trading activity cooled and volatility dropped. As of August 5, the portfolio held 19.3% in Bitcoin, 44.1% in Ether, and 36.5% in Solana.
Performance in 2026 has remained negative for all three assets. Bitcoin fell 24.82% year-to-date, Ether dropped 35.49%, and Solana recorded the steepest loss at 40.21%.
| Asset | YTD Change (2026) | Portfolio Allocation (Aug 5, 2026) |
|---|---|---|
| Bitcoin | -24.82% | 19.3% |
| Ether | -35.49% | 44.1% |
| Solana | -40.21% | 36.5% |
GSR reported that its Core3 portfolio lost 57.78% over the past year, underperforming an equally weighted basket of the same assets, which declined 49.84% in the same period. The company attributed the move to relatively limited price swings and subdued market conditions, resulting in lower volatility and softer trading volumes.
Amid these shifts, GSR increased exposure to Bitcoin while reducing allocation to Ether. The firm cited its proprietary alpha signals as the basis for the adjustment, even as the short-term outlook for prices showed only minor differences.
Mini dictionary: GSR is a leading algorithmic trading and market-making company specializing in digital assets, providing quantitative investment products and liquidity solutions to institutional clients.
Despite a lower weighting, Ether continued to outperform other portfolio constituents in 30-day performance. However, the updated allocation reflected what GSR described as stronger forward-looking signals for Bitcoin and Solana.
Solana maintained a substantial presence in the portfolio, according to GSR, who pointed to resilience in its price action and a marked drop in the token’s volatility.
GSR observed, “Year-to-date, Bitcoin, Ether and Solana were down 24.82%, 35.49% and 40.21%, respectively, while our Core3 model portfolio allocation as of August 5 reflected 44.1% in ETH, 36.5% in SOL and 19.3% in BTC.”
Bitcoin targets resistance amid subdued trading
Market attention has centered on Bitcoin as traders monitor whether it can reclaim recent highs in a period marked by low volatility. Technical analysts have identified $67,000 as a major resistance level after Bitcoin reached peaks near that mark in both June and July.
Crypto trader Daan Crypto Trades emphasized the significance of breaking above $67,000, noting that doing so would mark a higher daily high and lead to a more constructive market structure. He also described $60,000 as the main higher timeframe support zone in case downside pressure resumes.
One technical analyst stated, “Flipping $67K would put Bitcoin into a bullish market structure on the daily timeframe, while the $60K area remains a critical support level.”
The subdued environment continues to define digital asset markets, keeping volatility and trading volumes muted. GSR’s move to raise its Bitcoin allocation matches these conditions as all three Core3 assets continue to trade far below their levels from the start of the year.
The firm’s ongoing portfolio adjustments underscore the cautious sentiment prevailing in cryptocurrency markets as investors await signs of renewed momentum.
