SOL URPD Data Analysis (January 8 to January 9, 8 AM) Grasping On-Chain Sentiment In the past 24 hours, the total on-chain turnover reached over 12 million tokens, a significant increase compared to the 3.5 million tokens at 8 AM yesterday, reflecting very active turnover rates. Still, short-term holders are shifting chips in the $120-$129 range to the right. Currently, the massive single-price chip position at $135 has accumulated over 40 million tokens. The chips in the $120-$129 range are gradually being consumed and slowly moving to the right, with over 11 million tokens being cashed out for profit. In other words, the previously massive accumulation range of $120-$126 has shifted to the $129-$135 range. Similar to ETH, short-term holders are selling off. Turnover rates remain active. The price is fluctuating above the support range of $120-$126 with active turnover. Next, we’ll see the first battle tonight. Check out the updated SOL chart. Data sourced from Glassnode. Feel free to discuss and share your thoughts.