SOL’s stair-step slide continues! SOL tests the $118 level. Why are long-held positions selling off too? It’s not a standalone bullish catalyst—it’s liquidation-risk avoidance!
SOL stepped down again to $118.42 (-1.77%), but held up better overall than Ethereum.
There were no fund inflows or outflows, or major ecosystem news today. Trading volume remains high, driven purely by institutions passively trimming long-held positions alongside Bitcoin’s $84,000 liquidation zone to avoid systemic risk.
Conclusion: SOL has not suffered an independent deterioration in its fundamentals. But as long as broad-market liquidations continue, passive selling pressure amid a market pullback will remain.
#SOL #Solana #公链 #加密货币
$SOL
SOL stepped down again to $118.42 (-1.77%), but held up better overall than Ethereum.
There were no fund inflows or outflows, or major ecosystem news today. Trading volume remains high, driven purely by institutions passively trimming long-held positions alongside Bitcoin’s $84,000 liquidation zone to avoid systemic risk.
Conclusion: SOL has not suffered an independent deterioration in its fundamentals. But as long as broad-market liquidations continue, passive selling pressure amid a market pullback will remain.
#SOL #Solana #公链 #加密货币
$SOL
