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Analysis: Capital inflow on-chain for Solana turns positive, indicating that market confidence is beginning to recover.
Glassnode data shows that Solana (SOL) has seen its 30-day realized capitalization flow turn positive again after several weeks of capital outflows, with a current growth rate of 4-5%, comparable to XRP. The realized capitalization inflow metric reflects the actual capital inflows and outflows on-chain, and the current data indicates that buying pressure is on the rise, even though prices have not fully reflected this change. The shift in current metrics may signal an initial warming of market sentiment, and also suggests that some traders are preparing for a potential rebound, or at least indicates that capitulation has ended. $SOL
{future}(SOLUSDT)