SOL Position Distribution Changes Chart based on SOL URPD data: From the morning of September 2 to September 4 at 8 AM, a 48-hour on-chain flow of SOL. Driven by BTC sentiment and SOL’s self-narrative (the SOL version of MicroStrategy and SOL ETF hype) within the ecosystem, combined with an assessment of SOL sentiment changes. Tonight’s ADP data came in at 5.4, lower than the expected 6.5 and the previous value of 10.6. The impact isn’t too significant for now, mainly because tomorrow we still have the unemployment rate, which is expected to be 4.3. Whether it’s rate-cut benefits or recession fears, it all depends on how the market interprets it. For now, market sentiment remains relatively stable, with BTC consolidating above 11. SOL is fluctuating within the 196-210 range. Back to SOL data: The turnover rate on Tuesday and Wednesday slightly increased. As of 8 AM this morning, over 15 million tokens have changed hands, as shown in the red text on the chart. The main movement is early low-position tokens below 197 taking profits and exiting, while high-position tokens above 210 are cutting losses and leaving, though not in large amounts for now. Most of the turnover has shifted to the 200-210 range, with the highest accumulation still at 197. However, this area may not necessarily act as support. Meanwhile, other longer-term tokens in different ranges have seen minimal exits. From the perspective of token accumulation and short-term turnover, support still seems to form between 165-176. Then, 176-195 appears to have new support, but this is more short-term. It ultimately depends on market sentiment. This week’s labor data and next week’s inflation data will determine how the market interprets rate-cut benefits versus recession fears, which will impact BTC and, in turn, drive SOL’s price movements. Whether there’s support or not depends on the direction of market sentiment. The above is not investment advice, for reference and learning purposes only. Thank you, everyone!