Solana Whales Dive Deeper – What’s Bubbling Beneath the Surface?

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Solana’s price dip from $230 to $195 between October 7 and 14 has left some big fish in the crypto ocean gasping for air. 🐟

On-chain data reveals a week of whale-sized panic, with SOL’s major investors shedding perpetual futures like they’ve just discovered the price of tea in China. This could spell more downward pressure-or a grand escape plan for the whales. 🚪

SOL Sentiment Turns “Cautious” as Whales Consider Early Retirement

According to Nansen, Solana’s biggest betters have trimmed their net positions by 103% in a week. That’s not a typo-it’s a mathematical impossibility achieved through sheer crypto magic. 🧙♂️

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. (It’s less risky than investing in a meme coin named after your cat.)

These “whales” (a term we use loosely, as they’re more like overfed goldfish) hold millions in SOL. Their sudden retreat suggests confidence is thinner than a long weekend. And when whales swim away, smaller fish often follow-because nothing says “trust” like watching a giant fish panic. 🐠

Meanwhile, the top 100 Solana addresses have cut their futures exposure by 70.07%. That’s the crypto equivalent of packing a parachute. 🎈

This shift in sentiment might be due to the coin’s recent rollercoaster ride and a market-wide liquidation event last weekend. Turns out, even cryptos can get seasick. 🤢

So, are these whales just taking a breather, or is this the calm before the storm? Either way, they’re definitely not bullish. 🐺

SOL Sellers Gain Momentum on Daily Chart

On the daily chart, SOL’s Balance of Power (BoP) is as cheerful as a Monday morning. At -0.65, it’s currently in a downtrend that would make a pessimist proud. 📉

The BoP indicator measures buyer vs. seller strength, like a tug-of-war between hope and despair. When positive, buyers cheer. When negative, sellers sing show tunes. 🎶

If sellers keep gaining steam, SOL could crash below $195 and flirt with $171.88. That’s a 10% dip, or as we call it in the crypto world: “a slight correction.” 😅

But if buyers rally like a group of overconfident pigeons, SOL might rebound to $219.21. Just don’t ask us to predict which scenario will win-our crystal ball is currently on sale. 🎯

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2025-10-14 22:17