Ah, the tragedy! Solana, once a promising enigma, now withers under the heavy hand of selling pressure, as its venerable long-term holders-those patient saints-begin to desert the sinking vessel, their faith dissolving like sugar in sour tea.
The heavens frown further upon Solana with an unholy rise in long liquidations across the futures market, scattering hope like ashes in the cold wind. The usual keepers, those who clutch their tokens as a miser clutches gold for three moons or more, find their resolve shattered. A bleak and melancholy horizon beckons for this forlorn coin’s short-term awakening.
Solana’s Long-Term Holders: The Exodus of the Quiet Faithful
Glassnode, that cold oracle of numbers, reveals an unsettling truth-Solana’s “Liveliness” metric, a curious measure of the restless stirring among erstwhile dormant tokens, has swelled to a 30-day crescendo on the fateful September 21. Dormant no longer, these tokens shuffle about like weary souls unable to rest in the afterlife.
For those hungry for token divinations and the latest market whispers: Indulge yourself in Editor Harsh Notariya’s Daily Crypto Newsletter and feast upon the secrets therein-imagine it, a banquet for your brain.
This “Liveliness”-a spectral ratio of coin days sacrificed upon the altar of trading to the total coin days accumulated-serves as the magnifying glass over the souls of holders. When it climbs, it accuses the long-term investors of betrayal, of casting their tokens into the fray in search of fleeting profit, their conviction crumbling like ancient plaster.
And lo, the sour notes continue. The Hodler Net Position Change, a grim barometer of investor temperament, lingers persistently in the negative realm since August 27, a sinister shadow upon Solana’s fate.
This cryptic metric measures the ebb and flow of the long-term holders’ hoard-are they nurturing their trove or casting it off into the merciless market? When positive, it sings songs of accumulation; when negative, a mournful dirge of distribution and retreat.
Alas, Solana’s Hodler Net Position Change sings the latter-a lament as its stabilizers abandon ship, their departures amplifying the cacophony of the sell-off.
The Grim Reckoning: Solana and the $200 Abyss Amidst Futures Carnage
Why this tragic tide? It is no mystic prophecy, but the harsh reality of a bearish market, dragging the once-proud Solana to lower depths, sending bullish traders plummeting into despair and steep losses.
Behold, yesterday’s spectacle: Solana futures saw long liquidations surge to a year-high, annihilating a staggering 97% of all positions in the derivatives battlefield. A near-apocalyptic purge.
Such catastrophic liquidations do more than flay confidence; they pulverize it, scattering what hope remains like a startled flock of pigeons. This brutal expanse could drive Solana’s price deep below $200-perhaps unto the chilling $195.55.
Yet, one must cling to faint sparks of optimism! Should fresh demand dare to venture forth from the gloomy shadows, a buying frenzy might ignite, catapulting Solana to the dizzy heights of $248.50. Oh, what a delightful twist it would be, a phoenix reborn from ashes-if only in the merciless theatre of crypto dreams.
Read More
- EUR USD PREDICTION
- Gold Rate Forecast
- USD CNY PREDICTION
- GBP MYR PREDICTION
- USD THB PREDICTION
- Juventus Token Tumbles as Tether’s Billion-Euro Wooing Gets the Cold Shoulder!
- Brent Oil Forecast
- Shocking! Genius Act Gives Crypto a Glow-Up – Jokes, Dollars & Digital crazy!
- STX PREDICTION. STX cryptocurrency
- 60% of Americans: “Crypto? What’s That Again?” 😂
2025-09-23 16:02