Solana（Sol）开始看到流出后几周的资本流动

玻璃节数据显示，SOL的30天实现的CAP流入现在牢固地恢复了积极的领域，增长的速度为4-5％，这一水平与XRP相当。

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

玻璃节数据显示，索拉纳（Sol）（SOL）在流出了数周后开始看到资本流回来。

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天实现的CAP流入现在已经牢固地回到了积极的领域，增长了4-5％，这一水平与XRP（XRP）相当。

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.

尽管与12月和1月的疯狂时期相比，流入相对较小，但此举是随着长期实现的损失和资本流出的长时间趋势逆转。

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

这些资本流出以及持续的已实现损失时期，这表明投资者退出并迅速减少了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，随着实现的CAP流入在积极的领域，即使价格尚未完全反映出它，也可能表明买方压力终于恢复了。

Solana price chart. Source: Trading View

Solana价格图。资料来源：交易视图

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.

实现的CAP流入是一种指标，用于根据硬币上次移动链子的价格，用于衡量实际资本进入或退出资产的实际资本。

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

它从投机价格尖峰中滤除了噪音，而是跟踪持有人实际部署资本的位置。

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美元的平均价格移动1,000 Sol，并且将其归功于新钱包，那么这将为已实现的上限增加50,000美元。相反，如果相同的1,000溶胶要从该钱包中移出，它将以50,000美元的流出量从已实现的上限注册。

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.

流入已实现的上限通常是领先的指标，这表明某些交易者在潜在的反弹之前定位，或者至少是屈服的迹象表明投降已经运行。

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.

资本利得的税收影响也是一个因素，因为交易者可能宁愿实现较小的损益表，以便陷入较低的所得税范围。

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

最终，持续的已实现帽帽流出时期往往与熊市周期相吻合，而在牛市周期期间通常观察到一致的流入。