Mareena
07/18 02:30
profit-taking from this week’s rally. Glassnode showed that profit-taking hit an average of $400 million per day.
Even so, this was still relatively too low compared to the profitability of $1B-$2.4B that marked the 2024 local peaks.
Overall, the SOL could follow ETH steps and extend its recovery above $180 if the historical trend repeats.
The profit-taking was rising but relatively muted to cap the rally. However, the market was still heavily leaning on ETH at press time. 
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