Heavy selling of Bitcoin and Ethereum… Buying pressure shifts to Solana and Tron

Doohyun Hwang

Summary

It said that over the past 24 hours, large amounts of capital exited Bitcoin and Ethereum.
Instead, buying pressure appeared concentrated on major altcoins including Solana and Tron.
In particular, Solana and Tron recorded the largest net inflows respectively, drawing investor attention.

In the virtual asset (cryptocurrency) market, while large amounts of capital flowed out of Bitcoin (BTC) and Ethereum (ETH), which rank first and second by market capitalization, buying pressure concentrated on major altcoins such as Solana (SOL) and Tron (TRX).

On the 27th, according to cryptocurrency data analytics platform CoinGlass, over the past 24 hours, excluding stablecoins, Solana took first place in net inflows. Solana recorded a total net inflow of $12,513,800 during the day, receiving the most investor interest. Tron followed with net inflows of $12,242,700, ranking second.

Third was Sui (SUI) with net inflows of $6,762,700. Next, Cardano (ADA) recorded net inflows of $4,840,500, and Zcash (ZEC) recorded net inflows of $4,617,500, placing them fourth and fifth respectively.

Meanwhile, market-leading assets faced heavy selling pressure. Bitcoin experienced net outflows of $64,895,300 over the past 24 hours, marking the largest sell-off among all assets. This is about three times the net outflows of Ethereum, which ranked second with net outflows of $22,364,300.

GAS recorded net outflows of $10,838,100, ranking third, and Flow (FLOW) saw $8,931,200 in outflows, placing it among the top net outflows.