ChainThink News, December 10: According to Decrypt, Bitcoin's rise on Tuesday lifted mainstream altcoins broadly. However, under conditions of declining liquidity and escalating market uncertainty, Solana’s fundamentals remain fragile. The on-chain analytics platform Glassnode reports that Solana’s 30-day average realized profit ratio has remained below 1 since mid-November. When this ratio falls below 1, it indicates that realized losses in the market exceed realized gains, signaling liquidity has contracted to near bearish levels.

The on-chain analytics platform Altcoin Vector states, "Solana is undergoing a comprehensive liquidity reset. This signal has historically presaged the start of a new liquidity cycle and previously led to price bottoming and subsequent rebounds. If this move replicates the pattern seen in April, reigniting momentum may take approximately four more weeks, roughly aligning with early January."

Wenny Cai, Chief Operating Officer at SynFutures, said: "This round of leverage reset is driven by selling pressure stemming from realized losses, declining open interest in futures, market maker contraction, and fragmentation of liquidity across different trading pools." While the medium- to long-term outlook remains mildly bullish as macro pressures ease, the short-term market remains noisy and vulnerable to shocks.