With 24-hour trading volume falling nearly 16% to $40.69 billion, BTC appears to be consolidating after briefly spiking to $108,370 earlier in the week, according to CoinMarketCap data.
Crypto analyst Altcoin Sherpa shared a long-term chart showing SOL/BTC performance, stating he no longer expects Solana to outperform Bitcoin on a macro scale.
“Other than a few blips here and there, I don’t see $SOL outperforming $BTC on any longer timeframe chart from here on out,” Sherpa posted on X. “It’s not dead — but I don’t see it having a run like it did in 2021 or 2024.”
The shared chart indicates Solana has been gradually losing momentum relative to Bitcoin, especially after failing to build on its 2024 highs.
Bitcoin continues to act as the dominant force in crypto, especially amid regulatory clarity and institutional inflows via ETFs. Solana, while still active in terms of ecosystem growth and development, faces increasing difficulty regaining speculative dominance in this cycle.
As BTC consolidates and altcoins lag, investors are watching closely for either a clear breakout above $108K or a potential rotation back into altcoins — though, as Sherpa points out, SOL may not be leading that charge this time.
