Is This Cooling Phase a Hidden Opportunity?
We’re currently observing a cooling trend in Solana’s on-chain metrics:
Spot Volume Bubble Map → Green (Cooling)
Futures Volume Bubble Map → Gray (Neutral)
These bubble charts reflect the total trading volume across all exchanges. The size of each bubble shows how large the volume is, while the color tells us the intensity of the change:
🟢 Cooling → Volume is decreasing
⚪ Neutral → Little to no change
🔴 Overheating → Significant increase
🔥 Highly Overheating → Sharp surge in activity
🔍 What Does This Mean?
At first glance, lower trading activity might look like fading momentum.
But in reality, this deceleration can be an early-stage opportunity — especially when it coincides with an upcoming catalyst.
One such catalyst is the potential approval of a Solana Spot ETF, recently hinted at by Bloomberg analyst James Seyffart.Llow volume → ETF rumors → explosive moves.
So this cooling in both spot and futures markets might not be a red flag — could it be the calm before next the Sol Summer storm?
Written by burakkesmeci
