The rapidly changing metric for Solana remains lower than Bitcoin and Ethereum, indicating that it is losing momentum.
According to the data provided by Glassnode, the monthly change rates in the realized capital values of Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) attracted attention in the recent market fluctuations.
These ratios are used as important indicators to determine the speed and direction of capital inflow and outflow of relevant assets.
Declining Momentum in Solana
In the recent downtrend of the market, Solana lost momentum more rapidly than Bitcoin and Ethereum. When examining the realized capital value change rates, it is seen that Solana lags behind the other two assets.
Capital change rates on a 30-day period were recorded as +10.87% for Bitcoin, +5.43% for Ethereum and +2.19% for Solana.
Analysts stated that this pullback could also be interpreted as a final buying opportunity for Solana, considering a possible bull scenario.
This data suggests that Bitcoin continues to lead, Ethereum has seen a more moderate rise, and Solana has performed relatively poorly. For Solana in particular, this signals a downtrend that investors should watch carefully.
It is of great importance for investors who evaluate capital movements in cryptocurrency markets to shape their strategies by taking such indicators into account.
Stay tuned.