Looking at price performance, SOL outpaced both ETH and BTC for most of Q4 2024. However, since early December, ETH has taken the lead, outperforming the other two assets.

30-day performance:
ETH: +26.96%
BTC: +17.49%
SOL: +1.61%

A clear shift in momentum. 📊 https://glassno.de/4ggZUiw

Analyzing the weekly Realized Cap—a proxy for capital flow—SOL expanded faster than BTC and ETH until early December (over +5%).

Since then, BTC has taken the lead, with ETH outpacing SOL:
BTC: +1.89%
SOL: +1.11%
ETH: +1.03%

Capital flows and price trends have shifted. The tides have turned.
📊: https://glassno.de/4fkLyMz