Solana（Sol）開始看到流出後幾週的資本流動

玻璃節數據顯示，SOL的30天實現的CAP流入現在牢固地恢復了積極的領域，增長的速度為4-5％，這一水平與XRP相當。

Solana (SOL) is starting to see capital flow back in after several weeks of outflows, Glassnode data shows.

玻璃節數據顯示，索拉納（Sol）（SOL）在流出了數週後開始看到資本流回來。

30-day realized cap inflows are now firmly back in positive territory, growing at a pace of 4-5%, a level that puts it on par with XRP (XRP).

30天實現的CAP流入現在已經牢固地回到了積極的領域，增長了4-5％，這一水平與XRP（XRP）相當。

While the inflows are relatively modest compared to the frenzied periods in December and January, the move marks a trend reversal following a prolonged stretch of realized losses and capital outflows.

儘管與12月和1月的瘋狂時期相比，流入相對較小，但此舉是隨著長期實現的損失和資本流出的長時間趨勢逆轉。

Those capital outflows, and the sustained period of realized losses, signaled investor exit and quickly diminishing conviction in SOL.

這些資本流出以及持續的已實現損失時期，這表明投資者退出並迅速減少了SOL的信念。

But with realized cap inflow back in positive territory, it could indicate that buy-side pressure is finally returning, even if price action hasn’t fully reflected it yet.

但是，隨著實現的CAP流入在積極的領域，即使價格尚未完全反映出它，也可能表明買方壓力終於恢復了。

Solana price chart. Source: Trading View

Solana價格圖。資料來源：交易視圖

Realized cap inflow is a metric used to gauge actual capital entering or exiting an asset, based on the USD value of coins as they last moved on-chain.

實現的CAP流入是一種指標，用於根據硬幣上次移動鍊子的價格，用於衡量實際資本進入或退出資產的實際資本。

It filters out noise from speculative price spikes and instead tracks where holders are actually deploying capital.

它從投機價格尖峰中濾除了噪音，而是跟踪持有人實際部署資本的位置。

For instance, if 1,000 SOL were last moved at an average price of $50, and they are credited to a new wallet, then that would add $50,000 to the realized cap. Conversely, if the same 1,000 SOL were to move out of that wallet, it would register as an outflow of $50,000 from the realized cap.

例如，如果上次以50美元的平均價格移動1,000 Sol，並且將其歸功於新錢包，那麼這將為已實現的上限增加50,000美元。相反，如果相同的1,000溶膠要從該錢包中移出，它將以50,000美元的流出量從已實現的上限註冊。

Inflows into realized cap often serve as a leading indicator, suggesting some traders are positioning ahead of a potential bounce, or at the very least, a sign that capitulation has run its course.

流入已實現的上限通常是領先的指標，這表明某些交易者在潛在的反彈之前定位，或者至少是屈服的跡象表明投降已經運行。

Capital gains tax implications are also a factor, as traders may prefer to realize smaller realized P&Ls in order to fall into a lower income tax bracket.

資本利得的稅收影響也是一個因素，因為交易者可能寧願實現較小的損益表，以便陷入較低的所得稅範圍。

Ultimately, sustained periods of realized cap outflows tend to coincide with bear market cycles, while consistent inflows are usually observed during bull market cycles.

最終，持續的已實現帽帽流出時期往往與熊市週期相吻合，而在牛市週期期間通常觀察到一致的流入。