
DC大于C|May 31, 2025 07:18
Changes in SOL Position Distribution
Chart based on SOL URPD data: Flow of SOL on the chain for 24 hours on May 31st. 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
Trump continued to engage in tariffs and imposed sanctions on Dongda, increasing uncertainty, and US stocks and BTC fell at the same time. At present, BTC's oscillation range has widened and reached above 102, while ETH, even if it is strong, has also fallen. SOL, which is already weak, has fallen below the support level of 160 and entered a new support range of 150-157.
Returning to SOL's data, the turnover rate on Friday slightly increased, with over 8 million turnover, as shown in the red font in the figure. Short term chips have still been leaving the market in the past month, with nearly 1 million chips around 227 cutting meat and leaving. Although there have been departures in other longer-term ranges, they are almost very few. It can be ignored. The medium and long-term holding chips are relatively stable
The chips have been adjusted to around the 150-160 range (as shown in the blue font in the figure), and the daily support range of around 160-162 has also fallen below, as indicated yesterday.
It's the weekend now, and the market is not very good with low liquidity. We need to pay attention to the quality of the weekend's events. If it's good, it will fluctuate and rebound, but if it's not good, it may continue to decline.
For SOL, it is already weak and currently has no independent narrative, fluctuating around 150-160. 144-150 can temporarily hold up below.
Overall, it is still relatively weak. The narrative of MEME on the chain is quiet, which is actually the washing up situation since November last year. The medium to long term is still promising.
The above is not intended as investment advice and is provided for reference and learning. Thank you everyone
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