Hello friends, happy Tuesday! 👋 July has just started, and the crypto market is showing some signs of agitation 📉
You may have also noticed, recently the price surged and then reversed, while Bitcoin, although 'high up', also carries significant volatility risk—Is it an opportunity or a trap? Let's sort it out together 👇
🐳 Solana: Are whales fleeing while retail investors are buying?
When Solana's price surged to around 154 USD, it faced strong resistance, then fell back to 149 USD. This immediately revealed the immense pressure in the market... and what's more 'terrifying' is that the whales have acted.
🔹 A large whale redeemed 1 million SOL (worth 139 million USD) 9 days ago and then sold 240,000 SOL (about 35 million USD).
🔹 Large spot orders for Solana have almost disappeared, indicating that whales are either watching or retreating.
This situation does sound a bit scary... but don't panic too much! 🤔
👛 Retail investors are not afraid, but are instead buying!
According to CoinGlass data, the net flow for Solana has dropped to negative (-19.69 million), which is an interesting signal.
✅ Net outflow ≠ panic selling, but rather indicates that funds are being transferred to cold wallets, or are being 'hoarded'.
✅ Typically, in this situation, selling pressure eases, providing an opportunity for the next wave of increase.
Looking at the derivatives market, the trading volume for SOL's perpetual contracts has rebounded to 484 million USD, indicating that trader activity has returned in the short term, and market participation has increased.
₿ Bitcoin: High-level fluctuations, liquidations are waiting for you on both sides! 💥
Now let's talk about BTC—although it is still firmly above 105,000 USD, there are many 'hidden reefs' on the Bitcoin 24-hour liquidation chart.
📉 Leverage positions are heavily concentrated around the current price, which means:
⚠️ Once BTC breaks above 108,800 USD, it may trigger a short squeeze—resulting in a large amount of liquidations leading to new highs.
⚠️ On the contrary, if it falls below 107,100 USD, bulls may face liquidation, leading to further price declines and a shift in rhythm.
In a word: There are risks on both sides, short-term fluctuations could be very intense!
🧠 What should we do now? Should newcomers be afraid?
In fact, when looking at these two phenomena together, it shows that the market has entered an adjustment phase + direction selection phase:
🔸 Although whales of SOL are leaving, not all are retreating; it may actually be for profit-taking; while retail investors are buying at low prices, indicating a 'hands changing' signal.
🔸 The liquidation levels for BTC are very critical; once broken or fallen below, volatility will be amplified, presenting both opportunities and risks.
✅ Conclusion: Stay steady, we can win! 😎
Don't panic, and don't FOMO. Now is not the time to 'chase highs' blindly, nor is it the moment to 'blindly short'; instead, it’s time to identify trends, maintain calm, and set appropriate stop losses.
Whether you hold SOL or BTC, short-term fluctuations are likely preparing for the next wave of market movement.
🎯 So remember three points:
Volume and sentiment are important; observe the dynamics between retail and whales.
Focus on trading within the range, don't bet on direction.
Opportunities are here, be decisive, but set stop losses!
📣 Do you prefer a rebound for SOL or a new high for BTC?
✍️ DYOR, manage your risk, and may everyone set sail in the crypto world! 🌊
🔁 Feel free to like, share with your crypto friends, and don't forget to follow me for more insights on the latest developments in the crypto world!
💬 If you have any projects to discuss, feel free to join us! Let's explore the crypto world together and cheer each other on 😎
