Opportunities and Risks Amidst the SOL Crash, Is It Time to Buy the Dip?
Brothers, let's continue talking about SOL today, this coin has been quite explosive recently!
$SOL has been plummeting recently, with 614,000 SOL transferred to exchanges on August 1 to sell off, triggering panic; Trump postponed tariffs until August 7, putting pressure on high-risk assets, and new regulations on stablecoins in Hong Kong led to a 35% reduction in Solana ecosystem liquidity; from a technical perspective, the daily death cross occurred, and breaking the psychological level of 170 led to a liquidation of $450 million in leveraged long positions, creating a vicious cycle.
Now, to buy the dip, we look at three key levels: 165-168, 157-160, and below 150. The operation can be divided into three tiers: establish a 30% position at 165-168, add 50% at 157-160, and go all in below 150.
Fidelity, Grayscale, and seven other institutions have submitted revised SOL ETF documents, with the probability of regulatory approval rising to 70%; there are giant whales taking 10x leverage to long SOL, with positions reaching $42.3 million; the REX-Osprey SOL ETF saw a net inflow of $2.1 million in a single day, accumulating $137 million since its listing.
The share of the Solana chain on the token issuance platform pump.fun has risen to 29.9%, with developer activity increasing by 17% weekly; the first interest-bearing BTC asset zenBTC has been launched to facilitate compliant income channels.
The U.S. tariffs landing on August 7 and the potential compensation for Mt. Gox creditors may cause SOL to drop again; if it falls below $150, the liquidation amount could exceed $800 million. To hedge, one could buy weekly put options with a strike price of $155, or go long on SOL/BTC futures.
In the short term, the rebound odds at $165-168 are 1:3; in the medium term, if the ETF is approved, a conservative target price of $260; in the long term, as the ecosystem rebuilds and RWA is implemented, the TVL is expected to return to $20 billion. However, keep the position under 15% of total funds, avoid leverage, and pay close attention to the August 7 tariff decision and SEC ETF approvals; opportunities are reserved for those who are prepared.
Altcoins are about to experience an unprecedented surge, I have already outlined strong coin buying strategies, which I will share publicly soon. If you want to seize this opportunity, feel free to reach out directly.
