Flows Remain Positive but Coinbase Premium Flips to a Discount, SOL Continues to Outperform Market
Mar 18, 2024
Market Update The weekend saw choppy price action, following the significant leverage washout in the perps market on Thursday evening. $BTC revisited the $65k level, marking a roughly 12% decrease from the previous week's high of $74k. Since then, its price has partially recovered, currently trading just above $67k. $ETH experienced a steeper decline and a less vigorous recovery, dropping from last week's high of $4100 to $3400, and is now trading just below $3500. $SOL continues to outperform the broader market, having surpassed the $200 mark over the weekend. It has seen a 20% increase over