SOL short whale trapped, the long-term bullish pattern is beginning to emerge

GetRichLeek · 2026-02-10T02:10:05+00:00

Recently, the SOL market has experienced a large amount of open short positions with unrealized losses. The current price is $87.21, and technical signals indicate that bullish momentum is strengthening. However, despite positive fundamentals, capital inflow remains negative, and macro risks should not be overlooked. Investors should focus on support levels for phased positioning and strictly set stop-losses to cope with market volatility.

GetRichLeek

2026-02-10 02:10:05

Abstract generation in progress

Recently, an interesting phenomenon has emerged in the SOL market. A large holder has opened a massive short position on SOL, currently with an unrealized loss of approximately $1.25 million. Their mindset may already be somewhat loosened. According to the latest data, SOL is trading at $87.21, up 1.10% today, with an average daily trading volume of $42.79 million. From a technical perspective, the MACD has just formed a golden cross, RSI is above the 50 line, and moving averages are showing a bullish alignment. These positive signals suggest that the bulls’ strength is gradually gathering.

Solana Ecosystem Development Continues Strong, On-Chain Data Remains Positive

Solana’s fundamentals are indeed worth paying attention to. The ecosystem’s revenue this year has reached $75 million, with active addresses increasing from 2.5 million to 4.8 million, a significant growth. Even more noteworthy is that traditional asset management firms like WisdomTree are starting to launch tokenized funds on Solana, indicating that institutional capital is gradually entering. These data points demonstrate that the vitality and market appeal of the Solana ecosystem are continuously strengthening.

Underlying Concerns Remain, Macro Risks Cannot Be Ignored

However, there is a clear contradiction in the market. Despite positive signals from both fundamentals and technicals, capital inflow is showing negative, indicating selling pressure still exists. Plus, with the Federal Reserve decision upcoming, macroeconomic uncertainty remains high, and this uncertainty could at any moment disrupt the current positive technical outlook.

Current Trading Strategy and Risk Management Recommendations

SOL is currently fluctuating within the $85-90 range (adjusted according to the latest price). Trading volume has significantly increased compared to earlier, indicating market participants are positioning themselves for the next move. If SOL pulls back to a support level, consider gradually adding to long positions, with target levels focusing on previous resistance points. However, risk management is key—stop-losses must be strictly enforced to avoid being hurt by sudden market volatility. The whale with the short position, who was caught, may have believed their judgment was flawless, but the market ultimately has its own independent logic.

SOL-1.78%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.