👽✌️🔥 Are Whales in Trouble? The SOL Market Turns Red🚨

📉 General Overview

The perpetual contract of SOLUSDT has experienced a sharp decline, settling at 166.64 USDT, which represents a drop of 10.79%. This movement has left a deep mark on the positions of the major market players, revealing a battle between optimistic and pessimistic whales.

🐋 Division among Whales

Data shows a clear division among the large traders (whales). On one hand, 167 whales maintain long positions with an average entry price of 182.57 USDT, placing them at an unrealized loss of nearly 9.8 million USDT. Only 26.34% of these large holders are in profit. On the opposite side, 247 whales with short positions are enjoying unrealized gains of over 4 million USDT, with 76.11% of them in the green.

📊 The Weight of Volume

Recent capital flow reinforces the bearish pressure. Over a certain period, the net selling volume (6.09M USDT) greatly exceeded that of buying (2.12M USDT), indicating greater conviction in the continuation of the downward trend by major investors.

💡 Intriguing Fact

Despite the negative outlook for long positions, there is a small but successful group: more than 76% of the whales betting on the decline are in profit, demonstrating that, in the storm, some navigate against the current with remarkable precision. This fact underscores the importance of market direction and how a well-positioned minority can capitalize on volatility.

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⚠️ Notice: This analysis is based on publicly available data and does not constitute financial advice. Cryptocurrencies are a highly volatile asset. Do your own research before investing.