Goldfish, I just took the two-sided bid walls as a sign SOL was recovering.
$SOL Binance at 106.2, down 0.4% on the day, 2.7% below the high.
On-chain fees about 11.88M a day, down 9.9% from the prior period; HL positions about 582M / 229M for the day, density 2.5, long-side tax maxed out.
Binance’s top-five bid volume is about 2.1x the ask volume.
Fees easing, tax running hot, walls providing support—the defense looks hollow. Let’s hold off on calling a recovery.
#Solana费用 #L1 structure
$SOL Binance at 106.2, down 0.4% on the day, 2.7% below the high.
On-chain fees about 11.88M a day, down 9.9% from the prior period; HL positions about 582M / 229M for the day, density 2.5, long-side tax maxed out.
Binance’s top-five bid volume is about 2.1x the ask volume.
Fees easing, tax running hot, walls providing support—the defense looks hollow. Let’s hold off on calling a recovery.
#Solana费用 #L1 structure