Crypto friends, I just saw a strange phenomenon: the US SOL spot ETF saw a net inflow of 11 million USD yesterday, but on-chain smart money ran away without a second thought! What is this market really playing at? Follow me, and today I will break it down for you!
News vs Capital: ETF 'Clear Buy' vs Smart Money 'Secretly Running Away'
The continuous buying of ETFs is indeed a major positive, indicating that institutional money is positioning itself. However, strangely, on-chain spot funds have seen net outflows from 4 hours to 10 days! What does this indicate? It suggests that 'insider players' are using the liquidity brought by the ETF to secretly offload their assets! Their thinking is: 'You institutions can buy slowly, I'll cash in my profits first.' ETFs are for long-term positioning, but the short-term choices of smart money are the current trend indicators.
Technical aspect: death cross is locked, 127 becomes the 'ghost gate'.
MACD death cross, the white and yellow lines are both below the 0-axis, energy is dwindling—bears are completely in control.
The price is suppressed around 122, unable to touch the key level of 127, let alone the upper levels of 134 and 140.
The lower level of 120 is the first support, 115 is the lifeline; once it breaks, panic selling will trample out.
All short-term indicators are 'strong sell'; this is a textbook downtrend.
Ruishen's daily sharing, if it helps you, you can follow Ruishen, join the chatroom to get first-hand news and entry points!
Ruishen's view: bearish! A rebound is an opportunity to escape.
Ruishen's judgment is very direct: the downtrend of SOL is intact, any rebound is a reduction opportunity, not a reversal signal. The most probable trend is: borrowing the ETF good news to fake a rebound to test 127, then turn downwards, first breaking 120, then testing 115.
Retail investor operation suggestion:
Positioning suggestion: around 127 is the last escape point; if the rebound lacks strength to break through, you must decisively reduce your position. Once it breaks 120, stop loss immediately; don’t wait for 115.
Suggestion to wait: at least two signals must be awaited: first, the price breaks through 127 with volume and stabilizes; second, it rebounds at the strong support area around 115. Until both signals appear, watching is the way to profit.
All retail investors remember: in the crypto world, 'good news does not lead to increases, there must be a big drop.' When the market becomes numb to good news, it is often the most dangerous time.
Crypto friends, the market is always teaching us one thing: when news and technical indicators clash, follow the technical indicators; when institutions and smart money clash, follow the smart money.
If you always feel one step behind the market, always 'buying leads to drops, selling leads to rises,' then I tell you, you are not lacking analysis, you are lacking a professional guide who can remind you in real-time of 'opportunity is coming' and 'run fast'!
If you don't know how to catch the timing, you can follow Ruishen, Ruishen will analyze in real-time in the chatroom and provide the current best entry point!!#山寨季将至？ #加密市场观察
