SOL Key Moment: Whales Go Long Against FTX Selling Pressure, Market Enters Critical Game Zone

This morning the market showed strong signals: a certain whale invested 110 million USD betting on BTC and SOL longs, with BTC leveraged 5 times and SOL directly maxed out at 20 times.

This large player has previously made precise layouts, profiting over 10 million USD, and their movements are often seen as a market barometer.

However, bad news soon emerged: FTX again released nearly 200,000 SOL (worth over 20 million USD) from staking, which is gradually being transferred to Binance.

This has become a routine operation for FTX, with cumulative sales over the past year valued at nearly 1 billion USD, with an average cost of around 135 USD. The upper-level clear plate is pressing on the selling side, making the price increase face significant resistance.

From the chart, SOL is currently fluctuating around 136 USD, with strong resistance near 145 USD and key support located in the 128-120 range.

Technical indicators show that the RSI has exceeded 70, entering the overbought area. Although the MACD shows a golden cross, its position is relatively high, and there isn’t enough short-term upward momentum. The trading volume has not significantly increased, and the market's willingness to follow up is limited.

My viewpoint is very clear: the whale is bullish, and FTX continues to sell off; this is a typical scene of long and short confrontation.

For players, chasing high at this time is no different from gambling, betting on whether the whale can withstand the selling pressure with funds. But we must remain clear-headed: FTX still has over 4 million SOL in staking status, which could continue to impact the market at any time. At the current position, it’s better to miss out than to blindly chase the rise.

In terms of operation, it’s recommended to remain patient and focus on two directions:

If the volume stabilizes above 140 USD, consider lightly entering;

If it retraces to the 128-120 support zone, consider phased layout.

Remember: when news is chaotic, price action is the truth; before breaking previous highs, all "bullish predictions" should be treated calmly.

In the future, I will keep a close eye on SOL's subsequent movements, especially focusing on whale holdings and FTX transfer dynamics. The outcome of long and short is about to be revealed, and we will wait and see.

If you’re always getting cut or missing out, follow @宥媛趋势 ; I will remind you in the chat room about pressure/support levels in real time, and even share signals for escaping peaks and bottom fishing in advance! Before the next crash, you will never miss a hint!

Want to get the in-depth research report/full strategy list of the next bull market with 10x potential pathways first? Click on my avatar to follow me, and I will take you to explore tenfold potential coins! #BTC #solana