SOL is now a slaughterhouse set up by the market maker!
The $146.5 position is reeking of decay; don't be fooled by the surface-level 210,000 buy orders! 70% are just the market maker's own tricks of transferring from left hand to right hand! The real killing blow is at $139.38, where there are 5 million SOL waiting to unleash nuclear-level selling pressure, just waiting to explode when volatility hits zero!
The market is now eerily quiet, more terrifying than a crash! The market maker has nailed down the price with three spikes:
The first spike is at $160 — a fake sell wall with 146 SOL, specifically designed to hook technical short sellers, but it couldn't even swat a fly!
The second spike is at $146.55 — a 50,000 SOL wash trade pretending to support the price, every transaction is draining the retail investors' blood!
The third spike is at $139.38 — the whale "0x7a3" has 5 million SOL locked and loaded, the price will explode upon contact!
Why is volatility at zero now? Because the market maker is waiting for the death moment of options expiration at 20:00 tonight! At that time, the liquidated retail investors will be the most plump, perfectly suited for sacrifice!
On-chain data has already lit up three red lights:
Red Light 1: ProShares short ETF $SSOL funding surged by 680%, Wall Street's knife is already at the neck of retail investors!
Red Light 2: 820,000 SOL deposits on Binance only have 50,000 in orders, the remaining 770,000 are digging a mass grave at 139.38!
Red Light 3: SOL holdings soared to 2.3 billion dollars, but actual trading volume plummeted by 83% — behind every 100 million in holdings, there are only 2.1 million real dollars, this is a coffin made of paper for the living!
The technical analysis has directly sentenced it to death:
The monthly chart shows three death signals: $160 is a fake breakout trap from June 21, $146.5 is a disguise of the market maker's cost area, and $139.38 is the nuclear explosion coordinate!
Volatility has hit a three-year low — every time this signal appears, there is a 63% crash within 7 days!
The RSI indicator is swaying in the zombie zone of 40-45, which is a death signal for a continuation downtrend!
Tonight, there are two ways to play:
Bearish route: go short at the current price of $146.55, with a stop loss set at $148. First, push it down to $139.38 and close 50%, then reverse and go long at $138.5. The ultimate target is $130 — the 78.6% position in the weekly Fibonacci, to pick up the bloody chips exploded by the market maker!
Bullish counterattack: unless we see three miracles — the market maker withdraws all wash trades at $146.5, Binance shows a real buy order of over 500,000 SOL, and the volume on the 15-minute chart surges by 1100%!
Follow me, let’s see through the phenomenon to the essence, and traverse through the bulls and bears together.
