FTX and Alameda have just unstaked 189,851 SOL worth nearly 31 million USD, raising concerns about a potential sell-off, but the market still leans towards an upward trend with a predominance of buy orders.
Solana (SOL) has just gone through three consecutive green candles, indicating strong recovery signs, although the unstaking by major organizations may create short-term downward pressure.
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FTX and Alameda have unstaked 189,851 SOL worth 30.94 million USD, impacting the price of SOL.
Technical analysis shows that SOL is breaking through many bullish patterns and has the potential to reach 184 USD.
The trader is heavily focused on long positions with a value of up to 182.72 million USD.
Why does the large volume of SOL unstaked by FTX and Alameda cause concern in the market?
Blockchain analysis experts from Lookonchain confirm that FTX and Alameda unstaked nearly 190,000 SOL, worth about 30.94 million USD, raising potential sell-off warnings.
When major organizations withdraw tokens from staking, selling pressure may increase, slowing down the upward momentum or pulling prices down. The last time they unstaked, the amount of SOL used to pay off 1.2 billion USD in debts to users who lost money when the exchange collapsed. However, this time the volume is lower and may not have a strong impact.
However, during this period, the price of SOL has retreated from its peak of 166 USD to near 163 USD, a decrease of about 3.5%, indicating a significant impact.
"The unstaking by major organizations such as FTX and Alameda is a market signal that needs close observation, as it could indicate short-term selling pressure."
Lookonchain – Blockchain analysis expert, 11/07/2025
Does technical analysis indicate that Solana has strong price increase potential?
According to a technical report from TinTucBitcoin, SOL is currently in an upward trend after surpassing several important patterns such as the long-term downward channel and the inverse head and shoulders model, along with breaking the 200-day EMA.
These signs reinforce confidence in SOL's ability to increase by 15% to reach 184 USD if it holds above the neckline of the head and shoulders pattern.
The RSI index is at 63 – below the overbought zone – indicating that there is still room for SOL to increase before a potential correction occurs due to overheating in recent days.
"The breaking of important technical patterns along with the RSI indicator shows that SOL has the potential for sustainable growth in the coming week."
TinTucBitcoin – Cryptocurrency technical analysis, 11/07/2025
How are traders currently betting on Solana?
Data from Coinglass shows that traders are focusing heavily on long positions at price levels of 161.4 USD and 167.4 USD, with a total value of long orders reaching 182.72 million USD, compared to 80 million USD in short positions.
The dominance of buying positions shows that the market is leaning towards stability and increasing SOL prices, also reflecting positive sentiment from experienced traders with deep expertise in cryptocurrency.
Time Unstake Volume of SOL (SOL) Value (million USD) Impact on SOL Price July 2025 189,851 30.94 Slight decrease from 166 USD to 163 USD (decrease 3.5%) Previously (before FTX collapse) Not disclosed 1,200 (debt payment) Significant impact on the market, causing panic.
Frequently Asked Questions
What is SOL unstaking and what impact does it have? Unstaking is withdrawing tokens from staking, which can increase selling pressure and cause prices to drop. However, the volume of unstaked tokens determines the level of impact. Why is FTX and Alameda's unstaking of SOL noteworthy? These two organizations have gone bankrupt, and the unstaking could be a sign of liquidating assets to pay off debts, affecting market sentiment and prices. Does the current technical analysis of SOL show positive signals? Experts say SOL is breaking through many bullish patterns, with RSI having room for further increase, creating the prospect of rising prices. What price level can SOL reach in the near future? If the head and shoulders pattern is successfully broken, SOL could rise by about 15%, nearing 184 USD. What is the current long-short ratio on SOL? Long positions dominate with 182.72 million USD, while short positions are only about 80 million USD, indicating market optimism.
Source: https://tintucbitcoin.com/solana-sol-tang-gia-sau-ftx/
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