Bitcoin and Solana experienced opposite trends as the overall crypto market entered a correction stage. According to CoinMarketCap data, Bitcoin (BTC) decreased by 2.61 percent and became equal to $111,773, whereas Solana (SOL) increased by 1.36 percent and was equal to $197. The 24-hour trading volume of Bitcoin dropped by 18.75 to reach 80.28 billion and had a market capitalization of 2.22 trillion.
The market cap of Solana rose to 107.96 billion with the help of increased trading at 13.63 billion.
The decline of Bitcoin followed its testing of a high of 126,000 earlier in the week. The selling pressure was high, with the trading session dropping to almost 111,700. Analysts describe this pullback as a restart in the market after recent rallies. The red areas on the chart highlight the increased profit-taking as traders began to reduce their leveraged positions.
Analysts See Bitcoin Pullback as Healthy Market Reset
According to Glassnode, a large number of traders accumulated Bitcoin between $117,000 and $119,000, suggesting consistent buying interest. Analysts, including Stockmoney Lizards and Ted Pillows indicated that the drop aligns with typical post-rally corrections. They explained that the market often needs a cooldown before advancing further.
If stabilizes above $118,000, analysts expect a rebound toward $125,000-$130,000. Futures data support this outlook, showing a $4.1 billion drop in open interest. This decline in leveraged positions often clears the path for steady upward movement. Despite current volatility, on-chain data reflects that investor confidence remains intact.
As Bitcoin approaches , many traders are asking: Could this retracement be the setup for the next major rally?
Solana Maintains Strength with Bullish Technical Structure
While Bitcoin corrected, Solana showed notable strength on the shared by analyst Batman. He identified a bullish Fair Value Gap (FVG) around the $210 zone, aligning with previous resistance levels that now act as support. Batman said Solana could “head a bit lower, deeper into its bullish FVG,” before continuing higher.
The chart shows a consistent upward trendline forming since early August, providing solid structural support. Batman added that a move closer to the trendline would be an ideal area for traders to “add to their $SOL bags.” This setup suggests that Solana’s current pullback could present a strategic entry opportunity.
If rebounds from the FVG area, the price could climb toward the $240-$250 region. The chart’s higher-low formation indicates that the bullish structure remains intact. With growing trading volume and investor participation, Solana continues to attract attention as one of the stronger altcoins amid the market’s temporary decline.
Future Outlook
Bitcoin continues to experience short-term pressure after its recent rally, dropping below $112K as traders adjust positions. Meanwhile, Solana holds firm near $200, maintaining a bullish structure supported by rising volume and investor demand.