The article discusses the unexpected 45% drop of Solana against Bitcoin and suggests that the rise in Bitcoin's dominance signals liquidity outflow from the market. It mentions that capital has shifted back into Bitcoin from alternative assets like Solana, causing altcoins to struggle to maintain their relative strength. The bearish trend is confirmed by Solana's recent price action against Bitcoin, pushing it towards the lower end of a long trading range. It highlights the importance of key support levels, with a failure to hold above them potentially leading to further downward pressure. The article also mentions that Solana is still a prominent blockchain network in the DeFi and NFT industries despite the slump, but it may continue to underperform compared to Bitcoin unless important resistance levels are retaken.



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