
DC大于C|May 18, 2025 05:12
Changes in SOL Position Distribution
Chart based on SOL URPD data: Flow of SOL on the chain for 24 hours on May 18th. The driving force of BTC emotions and the SOL self narrative ecosystem (SOL version micro strategy and SOL ETF speculation), combined with the judgment of SOL emotional changes
There's nothing to say about the low liquidity over the weekend. BTC fluctuated slightly around 102000-103500 with little trading volume, which led SOL to fall below 166 yesterday and recover from the 166-172 volatility.
Returning to SOL's data, the turnover rate on Saturday was even lower, with not even 4 million chips left. Short term chips such as 120-147 and 170-182 were still leaving the market, while other range chips were leaving but were almost rare.
The chips were all exchanged to around the range of 165-168, forming a pile of chips of over 60m between 165-168. There won't be any support here, they're all short-term chips for getting on the bus
The weekend liquidity is sluggish, mainly looking at tonight until tomorrow day. For the time being, it can hold up at 162-165. In my personal opinion, SOL is likely to fluctuate downward, but looking at the evening and tomorrow day, the US credit rating will be downgraded, and the futures market will officially open tomorrow. You can tell the sentiment, but it may not look good. I followed the event news while walking.
Most of the time, SOL follows the market, and in the case of market volatility and narrative speculation, SOL may experience independent market growth.
The above is for your reference and learning. If you find it helpful, please feel free to share your comments. Your support is the greatest motivation
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