Analysis: SOL is in a "full liquidity reset" phase, which may indicate a bottoming out

According to BlockBeats news on December 10th, according to Decrypt, Bitcoin’s rise on Tuesday led to a general rise in mainstream altcoins, but Solana’s fundamentals remain unstable against the backdrop of declining liquidity and increased market uncertainty. On-chain analytics platform Glassnode said Solana’s 30-day average realized P&L ratio has been below 1 since mid-November. When the ratio is below 1, it means that the realized loss in the market exceeds the realized profit, indicating that liquidity has shrunk to near bear market levels. On-chain analytics platform Altcoin Vector said, “Solana is in a full-fledged liquidity reset phase, a signal that has often signaled the start of a new liquidity cycle in the past and has caused prices to bottom out in the past. If this trend repeats the pattern in April, it may take about four weeks to rekindle the market, roughly corresponding to early January.” “This leverage reset was driven by a sell-off caused by realized losses, a decline in futures open interest, a contraction in market makers, and fragmentation of liquidity between different trading pools,” said Wenny Cai, COO of SynFutures. Although the medium- to long-term outlook remains mildly bullish as macro pressures ease, the market remains noisy and vulnerable to shocks in the short term.