On June 18, a comprehensive analysis of the on-chain funds movement amounting to 85,636,634,527 throughout the day.
BTC leads the way + SOL's own script (SOL version of MicroStrategy + ETF concept speculation) are working in tandem, creating undercurrents in market sentiment.
The geopolitical situation is heating up, and the dot plot from the Federal Reserve's meeting and Powell's speech early in the morning may signal dovishness. Last night, SOL held steady at the $103 mark, and today it continues to hover in the $104-108 range.
However, SOL itself is still weak, stuck in the $144-156 range.
Looking at SOL data: Tuesday's turnover rate hit a new low, with only over 4 million coins traded throughout the day, just the usual grinding in the oscillation range.
The buying pressure above $153 is retreating, but long-term holders remain steady as a rock—each price level sees a daily sell-off of a few hundred to a few thousand coins.
From the chip accumulation chart, there’s a huge pile around $144, with short-term support levels between $140-147.
Now, the focus is on three key things: the Federal Reserve meeting early in the morning (heard Nick has already signaled dovishness, but we need to see the dot plot and what Powell says), and whether the geopolitical conflict will escalate. The market is currently being led by emotions!
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