Today's SOL market is simply more thrilling than a movie!
On one side, a whale with 20 times leverage lost $5.78 million, while on the other side, another whale with 20 times leverage made a profit of $11 million—this isn't just trading; it’s clearly a real-life version of 'The Wolf of Wall Street'! Let’s see if SOL will continue to plunge or rebound dramatically next!
News: Whales are battling, ETF funds are withdrawing, and market sentiment is cooling.
Today's most explosive news is definitely the 'life and death showdown' of these two whales. One whale aggressively leveraged 20 times on SOL long positions, resulting in a price drop below $121, directly leading to a floating loss of $5.78 million. Coupled with positions in BTC and HYPE, total profits were halved from $18 million to $3 million... Meanwhile, the other whale precisely shorted, also with 20 times leverage, making a huge profit of $11 million, and is now slowly closing positions to secure profits.
This isn't over yet! Glassnode simultaneously reported: Bitcoin and Ethereum ETF funds have seen consecutive days of net outflow, indicating that many institutional funds are quietly withdrawing, and market liquidity is beginning to shrink. Combined with these two pieces of news, it’s clear to feel: large funds are diverging, market sentiment is cautious, and short-term volatility may intensify!
News Summary: Intense battle between bulls and bears + Institutional funds are flowing out → The market is under short-term pressure, volatility increases, and blind bottom-fishing is not advisable! If you're unclear about the specific entry points, you can follow the leader, who provides real-time reminders for friends who have paid attention to me in the village 24 hours a day. Chat Room
Technical Analysis: 1-hour candlestick key levels oscillating, RSI is weak, Bollinger Bands are narrowing
Price Position: Currently oscillating around $121, with resistance at $130 above.
Indicator Signals: All RSIs are below 50, indicating strong selling pressure in the short term and belonging to a weak range.
Bollinger Bands: The middle band is at 123.29, with the upper and lower bands narrowing, indicating a decrease in volatility, which may soon choose a direction.
Trading Volume: Recent trading volume has not significantly increased, indicating that large funds are still watching.
Technical Summary: The price is oscillating near the key support at 120, RSI is weak, Bollinger Bands are narrowing → It may continue to test support in the short term.
Recommended Strategy: If you hold positions: It is advisable to reduce positions in batches in the 123–125 range, especially with leveraged positions to control risk.
If you want to bottom-fish: You can wait for the price to stabilize above 125, and for the RSI to rebound to around 50 before considering light entry.
Key Observation Points: Can it hold above 120, and whether the trading volume increases to support the rebound.
If you do not have a position of $5 million, please follow the leader's real-time suggestions to avoid liquidation risks. The current market is unpredictable, and each villager has different positions, so please update the entry points announced by the leader in the village in real time! Chat Room
Personal Opinion: Cautiously watching for oscillations, waiting for directional confirmation.
Combining news and technical analysis, I believe SOL is likely to continue oscillating in the short term and may even retest the support at 120. If it breaks below 120, the next key position is around 115. Although the whale's short position taking profits may bring a slight rebound, the outflow of ETF funds and overall market sentiment being cold may limit the strength of the rebound.
The market always presents opportunities; the key is to operate calmly. The leader will continue to help everyone monitor on-chain dynamics and move steadily forward together! Follow the leader and participate in every attack by the villagers! The leader will announce specific entry times and real-time news in the village every day!
