On December 25th, the market's capital flow started to become interesting.

Bitcoin and Ethereum ETFs continued to outflow — BTC had a net outflow of $123.9 million in a single day, totaling $754 million outflow over the week; ETH's situation is also not optimistic, with an average daily outflow of $72.4 million, and a weekly outflow reaching $208.8 million. The big players are moving out together, and this pace is indeed a bit fast.

But at this time, Solana is doing the opposite. Its ETF is attracting capital every day, with an average daily inflow of $2.72 million, accumulating $31.75 million over a week. Although the absolute numbers are not particularly large, the trend is very clear — capital is searching for new opportunities.

This actually reflects a very clear message: the market is reducing leverage, shifting from mainstream blue-chip coins like BTC and ETH to those with higher beta coefficients and greater volatility. This is not just a simple style rotation, but a redefinition of risk appetite. Capital is telling a story, and those who understand will naturally see where to look next.