
DC大于C|May 22, 2025 09:11
Changes in SOL Position Distribution
Chart based on SOL URPD data: Flow of SOL on the chain for 24 hours on May 22. 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
Bloomberg's new high for Bitcoin is due to the stablecoin bill and regulatory easing. Emotions are indeed stimulating. Moreover, the 20-year US Treasury auction led to a decline in the US stock market, but BTC rose to a new high against the trend. Just like I was wondering yesterday, at this point in time of posting, SOL is approaching 180. I was shouting yesterday. ha ha
Returning to SOL's data, the turnover rate on Wednesday saw a significant increase, exceeding 20 million turnover. As shown in the red font in the figure, short-term one month chips are still leaving the market, while other longer-term chips in the range are almost rare, although they have left the market.
Swap the chips to the range of 164-170 (as shown in blue font in the figure), and at position 168, over 50 million chips have accumulated. This place has received support multiple times recently.
At present, with BTC rising above 110000, SOL has also reached a high of around 180, and the upper pressure is still in the range of 182-188. If BTC's new high sentiment is good and SOL accumulates strength to rise, the situation of 185 or above still needs to be considered first. If 185-188 can stand firm, you can look at 200 to see, but be cautious of BTC's emotions. If there is a pullback, it will be highly competitive.
Be cautious in chasing high
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