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glassnode: The current realized loss on the Solana chain has exceeded the realized profit.
According to Jinse Finance, glassnode posted on the X platform stating that liquidity can be assessed through multiple indicators, including the 30-day moving average of the realized profit and loss ratio.
For the Solana chain, this ratio has remained below 1 since mid-November, which means that the current realized losses have exceeded realized gains. This phenomenon indicates that on-chain liquidity for Solana has contracted to levels commonly seen during deep bear markets.
SOL3.13%