Derived from Chainthink, on December 10, Bitcoin's rise on Tuesday boosted mainstream altcoins, but Solana's fundamentals remain unstable amid liquidity decline and heightened market uncertainty. On-chain analytics platform Glassnode noted that Solana's 30-day average realized profit and loss ratio has remained below 1 since mid-November, indicating realized losses exceed realized gains, signaling liquidity has shrunk to near-bear market levels. Altcoin Vector stated Solana is undergoing a comprehensive liquidity reset, a signal historically preceding new liquidity cycles and past price bottom rebounds. If the current trend mirrors the April pattern, a market rebound may take about four weeks, likely around early January. SynFutures COO Wenny Cai added that this leverage reset is driven by loss-induced selling, declining futures open interest, tighter market making, and liquidity fragmentation across trading pools. While the medium-to-long-term outlook remains cautiously bullish as macro pressures ease, the short-term market remains volatile and vulnerable to shocks.
Solana Enters 'Full Liquidity Reset' Phase, May Signal Bottom Rebound
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