2025-12-23 16:24:15

Recent on-chain data is quite interesting - last week the encryption spot market recorded a capital outflow of $952 million, directly breaking the previous three-week streak of net inflows.

It is worth noting that in the past 10-week period, major institutions have reduced their positions for 6 weeks. A total of $555 million has flowed out of Ethereum ETFs, and Bitcoin-related funds have also seen an outflow of $460 million. It seems that leading projects are indeed under pressure.

But this story is not over. During the same period, SOL and XRP went in the opposite direction - SOL attracted $48.5 million in new funds, while XRP garnered $62.9 million. The market is diverging, which is evident.

What do you think? Is the rise in gold attracting traditional funds, or is it the start of a four-year cycle adjustment? Both explanations have their logic, but the truth behind the data may be more complex.

ETH-0.15%

BTC-0.27%

SOL-1.18%

XRP-1.01%

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SleepyArbCat

· 12-23 16:52

Um... ETH and BTC are bleeding, while SOL and XRP are secretly making money. This situation is a bit cat-like.

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RiddleMaster

· 12-23 16:49

Institutions are rug pulling, retail investors are catching a falling knife, it's the same old routine. --- ETH outflow of 550 million? I'm just curious to see who is still buying. --- SOL and XRP are sucking blood, this is the real story. --- Is gold robbing money? I don't believe it, it's just rich people swapping positions. --- The differentiation is so obvious, those still all in BTC should reflect on it. --- Four-year cycle? Fren, it's now an institutional pricing cycle. --- 9.52 billion outflow, what's that? Let's see how much institutions still have left. --- SOL has absorbed 48.5 million, is there really someone buying the dip? --- Top projects are under pressure, small coins are to da moon, this is the current magic. --- Instead of guessing gold or cycles, it's better to see who is catching a falling knife.

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BlockchainArchaeologist

· 12-23 16:33

Institutions are running, retail investors are buying the dip, this differentiation is too obvious... Why can SOL and XRP suck blood? --- Here we go again with this rhetoric, gold is rising, four-year cycle... I see it as large investors moving positions. --- Hey, ETH and BTC are bleeding at the same time, this doesn't feel right. --- The rise of SOL is really outrageous, it feels like someone is accumulating before dumping. --- Wait, is outflow necessarily a bad thing? Maybe it’s just a change in positions. --- Six weeks of reducing positions... no wonder there hasn't been much energy lately, it turns out the underlying is withdrawing. --- Wake up everyone, differentiation is an opportunity, when BTC and ETH fall, we should check out the scraps. --- Wait, what does this data indicate? Does it mean no one wants the mainstream anymore? --- Why can XRP take off alone, there must be a story behind this. --- It looks like an adjustment, but it feels like the adjustment isn't thorough enough.

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