Apparently, $SOL can be used as a risk indicator, according to cburniske
However, Solana and Ethereum are not only assets that can be used as risk indicators. The cryptocurrency market as a whole is a reflection of risk tolerance among investors. Digital assets are extremely volatile and sometimes illiquid, which makes crypto investors extremely vulnerable to double-digit swings, especially if margin trading is in effect.
Those who expose themselves to such instruments are considered risk tolerant from the standpoint of a traditional investor.According to Burniske, it seems like ETH to SOL does not look like it will be retracing any time soon, suggesting that appetite for risk is going to move upward only, instead of going down.
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