The cruelty of altcoins has always been 'the longer you squat, the higher you jump' - Today SOL is grinding at 130, giving retail investors one last 'chance to pick up money.'
This morning I opened the 4-hour K-line chart, and I was amused by the line of SOL swaying at 132: this trend is reminiscent of last October's wave of 'from 120 to 250' - while it looks weak, there are actually 'undercurrents' surging on the chain. Last night I monitored the data until dawn, and suddenly there were 230 million USDT orders added to Binance's SOL spot pool, with an address labeled 'institutional wallet' directly sweeping 120,000 SOL, with an average price firmly at 130.2. I mentioned this in the community, and this morning an old fan screenshot said he picked up 500 coins at 130.5, also complaining 'I was too slow and missed the bottom at 130' - this is someone who understands the game, knowing that institutions are 'using fluctuations to hide the tail of the buyers.'
Looking at today's news, it's like giving SOL a dose of excitement: The Solana ecosystem just officially announced yesterday that Magic Eden's NFT trading floor price has increased by 12%, and the trading volume of Degenerate Ape Academy has doubled, along with on-chain TPS (transaction speed) soaring to 3200 — this is not 'hype', it's real ecological heat with money involved. Even more surprising, in the holdings data updated by Grayscale yesterday, SOL's share increased from 2.1% to 3.4%, and institutions are more aggressive in adding positions than us retail investors. A few days ago, I chatted with a friend in the circle, and he said that Wall Street's quantitative funds are 'secretly building positions in SOL', for a simple reason: 'After BTC rises, it's ETH's turn, and after ETH rises, it has to be elastic assets like SOL.'
I dare to say: If SOL falls below 128 today, I’ll livestream eating a graphics card! Look at the RSI in the 4-hour chart, it just bounced from the oversold zone at 30 to 41, and the green bars of the MACD are almost gone. This position at 130 is still the 'launch bottom' of that rebound on December 2 — it only took 6 hours to bounce from 121 to 140 at that time, and now sitting at 130 is like 'the arrow is on the string'. Last night, a new fan privately messaged me asking 'should I cut losses?', and I directly sent him a chart of a giant whale’s holdings: In the last 7 days, addresses holding over 100,000 Solana have added 180,000 SOL; these people with hundreds of millions in funds are 'lying flat waiting for a rise', so why should we panic about our small positions?
But I have to pour a bucket of cold water: Don't chase the rise! Now at 132, it's just institutions 'testing selling pressure'; wait until it stabilizes at 135 before adding positions. However, if the Federal Reserve lowers interest rates tonight, SOL may directly gap up and break 140, and those who haven't gotten in will cry in the bathroom — last December's Fed rate cut saw SOL rise 28% in one day, from 180 to 230, and this wave will only be crazier. There's an old fan in my community who was 'fully invested in SOL before the rate cut' last year and directly made enough to buy a house in the county. Now he’s sharing renovation pictures every day in the group.
To be honest, this bowl of rice in the crypto world has always been 'those who dare to bet eat meat, those who hesitate drink soup'. Today's market is like 'institutions shouting, 'I’m about to rise!' while retail investors are busy cutting losses'. Think about it yourself: what's the difference between SOL at 130 and picking it up for free?
Twelve years in finance, an exclusive guide for pioneers in the crypto world: Insight into the market, steady progress, pay attention to how the Heavenly Master’s residence teaches you to increase value steadily, where risks and opportunities coexist in investment; blind operations are a big taboo in the crypto world!
