SOL performs 'Buddhist-style fluctuations'! Is the market maker sharpening their knives?
The K-line of SOL moves more calmly than the bell-ringing monk in the temple, with the price trapped between 144.23-145.18 USD, lying flat as if playing dead. The upper and lower bands are narrowing to almost touching, the MACD shows a golden cross above water, but the bars are as short as toothpicks—DIF and DEA can't even move an ant with this little volume.
1. On-chain data
It has been revealed that a giant whale has buried a 5 million USD buy order near 144.5 USD, but above 147 USD, there is a massive amount of locked positions. Entering this position would just feed the market maker like a battery. The news is even more stimulating—some dog project in the Solana ecosystem has just been exposed for secretly dumping by the team, and Vitalik gave a thumbs up to SOL's 'downtime literature' at midnight. Both sides are now like they've been hit with acupressure points, and the longer it consolidates, the more violent the breakout will be!
2. CME futures go live, market maker applies sunscreen to the K-line overnight
The launch of CME futures for SOL has been hyped as 'Bitcoin ETF Effect 2.0', but looking at the neighboring BTC's tactics after its futures went live back then—first a huge surge followed by a massive drop, the market maker is applying sunscreen to the K-line overnight to prepare for 'death by light'. Technically, the four-hour K-line has formed a 'W bottom + long lower shadow' combination, RSI is stuck at the neutral line of 50, and although the MACD golden cross looks like a bullish signal, it might actually be a trap to lure buyers. Right now, this market feels like it's been set to slow motion by the market maker, with the support at 144 USD sparking sparks, but the 153 USD resistance is pressing down so hard that it's hard to breathe. The contract traders are placing countless orders but can't even make a splash.
3. Technical upgrade? Market maker: Let me finish harvesting this batch first
Solana's Firedancer upgrade is said to be 'faster than a rocket', but the market maker is clearly more concerned about how to slice the retail investors with a blunt knife. The current price is playing 'pressure cooker tactics' between 144-147 USD, with trading volume as sluggish as a dehydrated salted fish, and the market maker is holding the remote tighter than a mother-in-law choosing a son-in-law. Remember! When the Bollinger Bands narrow to the extreme, a single needle can burst three contract traders, and the spot traders should hold their positions firmly and not act rashly. Better to sit and watch before the night session of U.S. stocks opens than to become cannon fodder.
Feeling lost? Can't find a way out?? Comment to get support from a top team
I am Fengyun, supported by a top team, and only those who resonate on the same frequency can gather together! (Serious inquiries only)
