SOL URPD Data Analysis (January 9 to January 10, 8 AM) Grasping On-Chain Sentiment In the past 24 hours, the total on-chain turnover was about 2.5 million tokens, a significant drop compared to the 12 million tokens turnover as of 8 AM yesterday, reflecting a decrease in trading activity. Short-term holders in the $120-$132 range have shifted their positions to the right. Currently, over 42 million tokens have accumulated at the $135 price point. The more tokens accumulate at a single price, the closer we are to a new directional move. The $120-$132 range tokens are gradually being consumed, with over 1.8 million tokens being sold for profit. In other words, the previous consolidation around $126 has now shifted upwards to consolidation around $135. Similar to ETH, short-term holders are still selling off. The consolidation price range has moved upwards. Check out the updated SOL chart. Data sourced from Glassnode. Feel free to discuss and share your thoughts!