In accordance with MetaEra, on December 10 (UTC+8), Bitcoin's rise boosted mainstream altcoins, but Solana's fundamentals remain unstable amid liquidity decline and heightened market uncertainty. On-chain analytics firm Glassnode noted that Solana's 30-day average realized profit and loss ratio has remained below 1 since mid-November, indicating realized losses outweigh realized gains and 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 price bottoming. If the current trend mirrors April's pattern, a market rebound could take about four weeks, likely reaching early January. SynFutures COO Wenny Cai added that the leverage reset is driven by loss-triggered 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 Faces 'Full Liquidity Reset' Amid Market Uncertainty, Analysts Say
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