Bitcoin experienced a sharp bounce above the $90,000 price mark, but this rise was brief and was cut short by the prevailing volatile market environment. With the persistent waning price action observed over the past few weeks, the once lucrative BTC on-chain moves are no longer paying off as profits have dropped sharply.

Profits From Bitcoin On-Chain Flows Falls

The current Bitcoin market is entering a noticeably different phase, and the evidence is starting to show it. A key on-chain metric indicates that the once-reliable rewards from transferring coins throughout the network are diminishing, suggesting that it is becoming increasingly difficult to profit from rapid price fluctuations.

With volatility decreases and participant behavior changes, BTC may be moving away from a trader-driven ecosystem. This development is spotted in the Bitcoin Spent Output Profit Ratio (SOPR) Trend Signal metric. Bitcoin SOPR Trend Signal is a powerful metric that spots price regions where BTC has been moved at significant profit or loss.

In the past, this crucial indicator has produced precise signals for local highs and lows. As reported by Alphractal, an advanced investment and on-chain data analytics platform, the metric is currently experiencing a steady decline. A decline in the SOPR Trend Signal hints at BTC being moved with progressively lower profits or moving toward loss-making transfers.

Furthermore, Alphractal highlighted that a continued drop in this metric is typical of a bear market phase. However, a true bottom of the price could occur only when green signals appear on the chart. Currently, all indications on the chart suggest that it will take several months for this trend to be validated.

Joao Wedson, the founder of Alphractal, shared his insight on the decline, noting that it is part of the longstanding Bitcoin fractal cycle. Given that the factors influencing its market behavior have expanded, many believe that BTC’s cycles have changed and that this time it is different.

However, on-chain analysis offers a clear view of BTC continuously following its fractal cycle just as it did before. After his analysis of the trend, Wedson claims that nothing in the Bitcoin market cycle has changed so far.

According to the expert, BTC has been one of the most predictable investment assets in the ever-evolving cryptocurrency sector. Meanwhile, many continue to maintain that it must adhere to traditional markets, even though statistics do not support this.

BTC Unrealized Loss At 10%

After the pullback in price, Bitcoin’s unrealized losses are at a level that signals resilience rather than widespread distress. CryptoRank, a leading data analytics platform and crypto industry researcher, revealed that unrealized losses now make up 10% of market capitalization.

Despite the recent drop in Bitcoin prices, this implies that the vast majority of holders are still in profit, potentially contributing to hesitation toward further upside in BTC’s price. Interestingly, this lessens panic-driven selling pressure and signals that the market has already absorbed most of its negative risk.

Solana’s price may be slowly regaining upward momentum once again following weeks of bearish action due to the volatile condition of the broader cryptocurrency market. While the price may have displayed weakness during the period, the SOL network appears to be holding strong even with waning on-chain activity.

Interest In Solana Bolstering The Network’s Dominance

In the blockchain sector, many analysts consider the Solana network as the apex of all blockchains due to its robust and fast performance. According to recent data, the blockchain continues to stand out from the rest of the cryptocurrency market, even as the hysteria over meme coins slowly fades away.

CryptoRank, a leading crypto industry researcher and data analytics platform, shared the data in a recent post on the social media platform X. Short-term traders may be moving away from viral tokens, and speculative activity may have decreased, but Solana’s core indicators reveal a very different picture.

Interestingly, on-chain gambling and meme mania are frequently linked to SOL, but the network continues to outpace other chains in a fading meme market. This discrepancy indicates that Solana is well-positioned as market conditions change since its strength is increasingly based on fundamentals rather than speculation.

As seen in the data shared by the platform, Solana remains at the number 1 spot across most major blockchain metrics. This position highlights SOL’s resilience even as the meme narrative cools off and traders reduce their risk in the face of bad market circumstances. 

Given the fading meme narrative, the total daily Decentralized Exchange (DEX) traders have now dropped from their peak of almost 5 million to approximately 514,000. Despite this drop, the blockchain is still maintaining strong results, which shows that it does not rely only on memes.

Currently, CryptoRank states that institutions are demonstrating more attention and interest in SOL for tokenization. These large firms are including the blockchain in their platforms, which proves its increasing dominance.

SOL Leads In 2025 With The Most Traffic Market Share

After robust network usage, developer traction, and capital flows, Solana has secured the top spot in the Mindshare War in 2025. A report from CryptoRus reveals that SOL is the most talked-about blockchain in the world. 

According to CoinGecko’s data, it marks the second year in a row that the blockchain has come on top. The study examined interest in blockchain ecosystems using data from CoinGecko’s global web traffic between January 1 and December 14, 2025. Solana now controls about 26.79% of global crypto mindshare, which is more than that of Ethereum and Base networks put together.

CryptoRus highlighted that this is not price, nor narratives pushed by Venture Capitalists (VCs). Rather, this is where attention builders, users, and culture actually reside. “Mindshare comes before liquidity, attention comes before capital, and history shows whoever wins mindshare, eventually wins the cycle,” CryptoRus added.