Bitcoin’s momentum has stalled after an attempt to push into price discovery.

After a strong rally, BTC is now down 5.9% since early February, while ETH and SOL have dropped 16.9% and 33.1%. Memecoins, which surged +90.2% in late 2024, have now corrected -37.4%.

Diverging Performance Since 2023
🔹 Bitcoin → Trading 3.4x above April 2023 🔹 Solana → Peaked at 11.8x, now at 7.6x 🔹 Ethereum → Struggling, ranging between 1.3x and 2.0x 🔹 Memecoins → Peaked at 5.2x, now the weakest sector.

Moreover, Ethereum & Memecoins capital flows have flipped negative, with capital outflows of -0.1% and -5.9%, respectively.

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