I’m pretty positive about this Solana ETF, but my attitude is a bit cool. It’s not that I’m bearish to the point of betting my life on going short—it's just that I don’t want to chase.🥲
In the past 10 days, net inflows are 138 million, and a single day saw 47 million—those numbers definitely sound strong, and the BSOL size has also passed 1 billion USD.
But $SOL is still hovering around 105.92 USD, and even in the last 24 hours it’s green.
That feels a little awkward.
The news is a big positive, yet the price reaction doesn’t have that smooth, “everyone’s scrambling to buy” kind of momentum. Instead, it feels like the news got ahead of the market, and the trading sentiment hasn’t fully caught up.
Also, the contract trades are 8x the spot volume—it just looks exhausting.
At times like this, I assume that a lot of people in the market aren’t slowly accumulating—they’re basically pressing against each other with leverage, guessing the direction.
Last night, my trader friend told me: the better the “news looks” but the K-line doesn’t cooperate, the easier it is to wear people down until they get fed up.
My view is very clear: for $SOL at this level, I’ll wait and watch first. I won’t chase. If it pulls back and holds steady, then I’ll consider it.
And if you really want to jump in, don’t let the words “ETF” alone make you impulsive. The market can flip faster than a book page—leave yourself some room in your position.$SOL #SOL
In the past 10 days, net inflows are 138 million, and a single day saw 47 million—those numbers definitely sound strong, and the BSOL size has also passed 1 billion USD.
But $SOL is still hovering around 105.92 USD, and even in the last 24 hours it’s green.
That feels a little awkward.
The news is a big positive, yet the price reaction doesn’t have that smooth, “everyone’s scrambling to buy” kind of momentum. Instead, it feels like the news got ahead of the market, and the trading sentiment hasn’t fully caught up.
Also, the contract trades are 8x the spot volume—it just looks exhausting.
At times like this, I assume that a lot of people in the market aren’t slowly accumulating—they’re basically pressing against each other with leverage, guessing the direction.
Last night, my trader friend told me: the better the “news looks” but the K-line doesn’t cooperate, the easier it is to wear people down until they get fed up.
My view is very clear: for $SOL at this level, I’ll wait and watch first. I won’t chase. If it pulls back and holds steady, then I’ll consider it.
And if you really want to jump in, don’t let the words “ETF” alone make you impulsive. The market can flip faster than a book page—leave yourself some room in your position.$SOL #SOL