📉 79.6% of the circulating $SOL supply is at a loss at a price of $126.9… Is this bad? Or is it a positive signal! 🤔
Data from #Glassnode shows that approximately 79.6% of the circulating supply of Solana (≈478.5M SOL) is now in a loss position, reflecting the extent of previous price inflation and how the market was built in a Top-Heavy manner before the recent drop.
But here’s the important point:
🔥 Historically, when most of the supply reaches a loss, markets shift into a phase of rebuilding strong positions.
These areas are usually:
smart capitulation
entry of long-term funds
weak selling pressure because whales often do not sell at a loss
beginning of periodic bottoms before a strong reversal wave
In other words:
A high loss percentage is not a sign of weakness… but a sign of cleaning positions and preparing for the start of a new healthy cycle 🚀
#solanAnalysis #Cryptomaxx
Data from #Glassnode shows that approximately 79.6% of the circulating supply of Solana (≈478.5M SOL) is now in a loss position, reflecting the extent of previous price inflation and how the market was built in a Top-Heavy manner before the recent drop.
But here’s the important point:
🔥 Historically, when most of the supply reaches a loss, markets shift into a phase of rebuilding strong positions.
These areas are usually:
smart capitulation
entry of long-term funds
weak selling pressure because whales often do not sell at a loss
beginning of periodic bottoms before a strong reversal wave
In other words:
A high loss percentage is not a sign of weakness… but a sign of cleaning positions and preparing for the start of a new healthy cycle 🚀
#solanAnalysis #Cryptomaxx