Most buyers here are liquidity, not winners.”

$XPL looks like it has finally put in a bottom

For most of this move, $XPL was locked inside a descending channel, with persistent seller pressure
Every bounce was sold Momentum stayed capped
Classic distribution behavior

That changed at the lows

What just happened:

Price swept local lows → liquidity taken

Sellers showed exhaustion → no downside continuation

Strong impulsive bounce from the bottom

BOS (Break of Structure) confirmed

Market shifted from lower highs → higher lows

This is not a random bounce
This is structure changing

When a market breaks structure after a prolonged selloff, it often signals that control has flipped from sellers to buyers

$XPL
{spot}(XPLUSDT)