SOL Position Distribution and Market Analysis

- Market Background: BTC has been fluctuating slightly in the range of 102,000-104,500, with support levels at 101,600, 100,700, and 99,000. Market sentiment is cautiously optimistic, and SOL has followed suit, slightly fluctuating after reaching a high of 184.8.

- SOL Data Characteristics:

- The turnover rate on Wednesday significantly decreased compared to Tuesday (from nearly 20 million on Tuesday to less than 4.5 million on Wednesday), indicating a predominant short-term exit of chips, with slight selling in the early $21 cost area and minimal changes in other ranges.

- Chips are concentrated in the range of 174-182, with over 55 million accumulating in the 171-174 range, but this range represents short-term holdings, and the strength of support remains to be observed;

The technical aspect shows that the 166-171 range is effective support (validated by K-line and URPD data).

- Trend Outlook: SOL mostly follows the market; if narrative speculation occurs during market fluctuations, it could trigger an independent rally.