Lang Chai King
February 20, 2025 17:13
Bitcoin’s market momentum decreases as capital inflows are weakened over digital assets. Ether Leeum, Solana and Memo Coin are seeing significant modifications to reflect investor feelings.
According to GlassNode Insights, Bitcoin (BTC) is currently searching for a decrease in momentum when traded within the $ 93K-$ 97K range. This range of bound transactions show a wide range of cooling trends in the entire digital asset market, and capital inflows are weakened in the derivative market and decreased.
Market momentum is breathing
At the end of January 2025, Bitcoin attempted more than an ATH, but the contraction stage continued due to failure to maintain momentum. This stagnation influenced the major cryptocurrency of Ethereum (ETH), Solana (SOL) and Memecoins, which are deeper modified. In particular, Bitcoin’s price momentum decreased from 48.4% in November 2024 to 5.9% in February 2025.
Performance evaluation so far
Since early 2023, BITCOIN has provided a benchmark return profile that deals about 3.4 times higher than April 2023. In contrast, Ether Leeum suffered from a return between 1.3 and 2.0 times compared to the value of April 2023. Solana fell about 7.6 times as the correction began in the early January 2025, even though the 2023 value was 11.8 times in 2023. At first, when we saw explosive growth, Memecoins now experienced the worst of major assets.
Capital flow drives the market
Solana continued to support the price audit by continuously attracting high relative capital inflows. But in recent weeks, the inflow of capital of all digital assets has decreased. Ether Leeum and Memo Coin have been reversed with negative capital flow, and Ether Leeum shows a 0.1% net leak and a memo coin index leaked by 5.9%.
Weakness
As the spot market momentum disappeared, the permanent future market also saw a decrease in public interest on major assets. Bitcoin’s public interest was 11.1%, Ethereum was 23.8%, Solana, and Memecoins were 52.1%. This reduction represents a retreat of leverage guess. Memecoins experienced the biggest decrease due to speculative properties.
The funding rate is weakly signal.
The financing rate of the permanent future decreases and reflects the transition to weakness. Bitcoin and Ethereum maintain a slightly positive funding rate, but Solana and Memecoins have shown that the financing rate is negative, indicating a weak prospect and a decrease in long -term speculative positions.
ETF flow and market impact
As you can see from the Spot ETF flow, institutional interest in Bitcoin and Ether Lee has slowed. Bitcoin ETF emphasized institutional demands last week after experiencing significant leaks and rebounding of purchasing activities. In contrast, Ether Leeum ETF demand is still conquered and the pure flow is getting closer to zero.
The current transaction range of Bitcoin is still important for the $ 93K-$ 97K trading range, and the short-term holder (STH) cost is a major pivot point of $ 92.5K. This level is potentially affecting the additional market movement by deciding whether the buyer will have a status of profit or loss.
For more insights, visit the original analysis of GlassNode Insights.
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