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Title: 170K SOL Withdrawn – Are Whales Calling Solana’s Bottom at $130?
Solana’s recent price decline has reached a crucial juncture, with massive whale accumulation and rising long positions fueling a potential rebound. According to a report by AMBCrypto, over 170K Solana (SOL) has been withdrawn from exchanges, sparking concerns that whales may be calling the bottom at $130.
The reported withdrawal of such a large quantity of SOL from exchanges is unusual and does not align with routine activity. The accelerated pace of these withdrawals further suggests growing conviction among aggressive buyers that Solana’s recent downturn has reached an attractive risk zone. This sentiment mirrors the spot-driven accumulation narrative, which strengthens the probability of continued upside for SOL.
The data illustrates an increasing presence of larger trade executions in spot markets, indicating a deliberate and coordinated effort from sophisticated investors to secure positions early. As the majority of long accounts surged to 77.71% against only 22.29% short exposure, traders have become increasingly confident in Solana’s potential recovery.
In conclusion, Solana now aligns strong whale accumulation, rising spot order sizes, and decisive long-side dominance with a clear technical rebound from its demand zone.
Source: ambcrypto.com
