AE review this information carefully—don’t be naive just because the current price looks good. SOL Strategies has just admitted that they have piled-up debts and are required to conduct a forced liquidation of $SOL đ to cover their obligations. This isn’t good news; it’s an official statement about an impending liquidation storm. They only have a little over 2 million USD in cash, while their debt obligations are nearly 37 million CAD. What they call “unencumbered assets” is only about 22 million USD. Remember the lesson from January 2024 after the Bitcoin ETF approval— the market first created a fake rally, then immediately dumped horribly to $38K. Whether the news is good or bad sometimes matters less than how the smart money wants to exit.
MM is taking advantage of the panic mentality from the possibility that Kamino Finance may liquidate collateral assets if LTV exceeds 75%. They want you (ae) to FOMO buy at the peak or panic sell at the weak bottom. In reality, the liquidity structure in this zone is extremely thin and is easy to sweep stop-losses. Smart money will use this fear to accumulate the real goods—but for now, the selling pressure coming from the company is real and direct. The price is at risk of testing deeper supports.
I recommend that you cut losses early or open a Short to protect your account. Don’t try to hold when a red candle is forming. Sitting on the bus $SOL hours feels like waiting for a sinking ship. If you see the price breaking through short-term resistances, hit the Market Sell button immediately. Don’t wait until it free-falls. Place a Limit Buy order in the opposite direction at the strong support zone below once the crowd has run out of capital from the liquidation panic. Your safety comes first.
Be cautious, everyone.
$SOL #BinanceSquare #CryptoNews
MM is taking advantage of the panic mentality from the possibility that Kamino Finance may liquidate collateral assets if LTV exceeds 75%. They want you (ae) to FOMO buy at the peak or panic sell at the weak bottom. In reality, the liquidity structure in this zone is extremely thin and is easy to sweep stop-losses. Smart money will use this fear to accumulate the real goods—but for now, the selling pressure coming from the company is real and direct. The price is at risk of testing deeper supports.
I recommend that you cut losses early or open a Short to protect your account. Don’t try to hold when a red candle is forming. Sitting on the bus $SOL hours feels like waiting for a sinking ship. If you see the price breaking through short-term resistances, hit the Market Sell button immediately. Don’t wait until it free-falls. Place a Limit Buy order in the opposite direction at the strong support zone below once the crowd has run out of capital from the liquidation panic. Your safety comes first.
Be cautious, everyone.
$SOL #BinanceSquare #CryptoNews