According to @glassnode, recent market data shows broader drawdowns with BONK (-6.92%), PEPE (-6.81%), SOL (-2.65%), and ETH (-0.84%). Notably, Ethereum (ETH) is holding up better than Solana (SOL), suggesting a potential shift in liquidity flows. This performance indicates Ethereum's relative strength in the current market conditions, which may influence trading strategies.

According to AltcoinGordon, strong community support during market drawdowns can significantly impact the resilience and future performance of a cryptocurrency project. The ability to maintain bullish sentiment during periods of market pressure often reflects the underlying strength of a project's community and can be a critical factor for traders considering long-term investments. AltcoinGordon emphasizes that this conviction is essential during volatile market conditions, suggesting that traders should evaluate community strength as part of their investment strategy.