Recently, the market speculation of $SOL is a bit inflated! Although a target price of 230-300 has been called out, the reality is quite stark, with 407 million USD liquidated in 24 hours, 78% of the positions are short, and SOL itself has liquidated 1.44 million USD, indicating that leveraged funds are already panicking.
More critically, the annualized funding rate for SOL is as high as 109%, with 5.66 million USD in short liquidations in just 4 hours, which is 6.5 times that of the previous 12 hours. This sudden surge is fundamentally driven by shorts being forced to close their positions and high transaction fees pushing the price up, not a genuine ecological breakout.
To reach 230, an additional 30 billion in market value is needed, but the overall network liquidity is shrinking; to reach 300, it needs to surpass BNB to become the third largest coin, but the total locked value in the SOL ecosystem is only 1.9 billion USD, which can't support it at all.
Worse yet, meme coins like $DOGE and $MEOW have also made it to the liquidation list, with funds all rushing to speculate, resulting in a bloodletting of the SOL ecosystem construction.
Ethereum has already firmly established itself above 4k this round; how far off is the next opportunity for a hundredfold increase? At that time, altcoins will face an unprecedented explosion; I have already listed strong coin bottom-buying strategies, which will be made public soon. If you want to seize this opportunity, feel free to come directly.
