$SOL Now 95.2. After grinding for a full day on that 93 top, this time it really pierced through—straight up to the 7-day high. In one day I put in nearly 9 points; in three days, almost 24%. The lows were lifted one rung at a time.
I admit it—I recognize the rally. Real spot: in just three hours, twelve pillars, none negative; net inflow is over ten million USD. The big players’ long/short ratio has been pushed to more than double, and positions are still being added. This money is truly real, brought in with real gold and silver—I’ve got nothing to say about that.
But the higher it goes, the more off it gets. The current price is nailed right above this week’s high. With such a fast rise, the order book being picked up is unbelievably thin—sell orders are stacked up three or four times thicker than the buy side. Large orders net out again over the next 15 minutes; the money that just came in turns around and leaves.
The funding rate is still pinned around 0.01%, not yet at the most insane level—if you really force it, you can still pull it up. But outside sentiment is at 8.5/10: there are a bunch calling for $100. The more people chase higher, the thicker the risk gets.
At this level, I won’t chase. I’ll wait for a pullback. Only if it holds up, I’ll take a look. I’ll rehearse the ending in advance.
#sol $SOL
I admit it—I recognize the rally. Real spot: in just three hours, twelve pillars, none negative; net inflow is over ten million USD. The big players’ long/short ratio has been pushed to more than double, and positions are still being added. This money is truly real, brought in with real gold and silver—I’ve got nothing to say about that.
But the higher it goes, the more off it gets. The current price is nailed right above this week’s high. With such a fast rise, the order book being picked up is unbelievably thin—sell orders are stacked up three or four times thicker than the buy side. Large orders net out again over the next 15 minutes; the money that just came in turns around and leaves.
The funding rate is still pinned around 0.01%, not yet at the most insane level—if you really force it, you can still pull it up. But outside sentiment is at 8.5/10: there are a bunch calling for $100. The more people chase higher, the thicker the risk gets.
At this level, I won’t chase. I’ll wait for a pullback. Only if it holds up, I’ll take a look. I’ll rehearse the ending in advance.
#sol $SOL