According to on-chain monitoring, the whale 0x35d1 shorted 455,000 SOL at $165.5 with 20x leverage, amounting to $7.5 million (, and has now realized a floating profit of $13.62 million.
Future Trend Outlook for SOL
Overall, the short-term trend of SOL will depend on the battle between bullish and bearish forces.
· Short-term volatility: The high-leverage short positions of whales will indeed increase short-term selling pressure in the market, and prices may fluctuate widely around the current position.
· Long-term view of the ecosystem: In the long run, Solana's solid ecosystem foundation, high staking ratio, and continuous inflow of institutional funds provide strong support for its price.
Some analysts believe that if market sentiment improves, SOL is expected to rebound to the range of )— $175 before the end of the year.
Although the short-term risks of SOL cannot be ignored, the fundamentals of SOL remain solid. Do you also have a long-term optimistic view on the development of the Solana ecosystem?
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According to on-chain monitoring, the whale 0x35d1 shorted 455,000 SOL at $165.5 with 20x leverage, amounting to $7.5 million (, and has now realized a floating profit of $13.62 million.
Future Trend Outlook for SOL
Overall, the short-term trend of SOL will depend on the battle between bullish and bearish forces.
· Short-term volatility: The high-leverage short positions of whales will indeed increase short-term selling pressure in the market, and prices may fluctuate widely around the current position.
· Long-term view of the ecosystem: In the long run, Solana's solid ecosystem foundation, high staking ratio, and continuous inflow of institutional funds provide strong support for its price.
Some analysts believe that if market sentiment improves, SOL is expected to rebound to the range of )— $175 before the end of the year.
Although the short-term risks of SOL cannot be ignored, the fundamentals of SOL remain solid. Do you also have a long-term optimistic view on the development of the Solana ecosystem?