$SOL short sellers treat the small drop as a life raft; the order book’s stance is already written all over their faces—this is low-level accumulation, not a slow, grim decline! The spot market’s active matched buy-to-sell ratio has widened by several orders of magnitude: buy orders are hanging and beating sell orders, yet the current price still clings right to the day’s low without breaking down—at the same time, the chips are being gathered toward the bulls’ hands, and the direction can no longer be argued. Now look at valuation: compared with the historical peak, it has fallen to only a quarter, with the float having expanded by more than 90%. Pair a “floor price” with this kind of aggressive accumulation order book, and the few shares the shorts hold are nowhere near enough even to fill the gaps.