Glassnode wrote on the X platform that liquidity can be evaluated through a number of metrics, including the 30-day moving average to achieve profit and loss ratio.
For Solana, the ratio has been below 1 since mid-November, meaning that realised losses now exceed realised profits, a phenomenon that suggests liquidity on the chain has shrunk to levels common in deep bear markets.
GlassNode: Solana Chain's current scale of losses has exceeded its profitability
2025-12-10 00:59:41
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