1️⃣ Price situation and volatility trend.

• The current price of SOLUSDT is 191.14 USDT, down -0.81% compared to the previous session. This indicates that market sentiment is leaning towards negativity in the short term.

• The price has continuously fluctuated during the observation period, with selling pressure being slightly higher, clearly reflected through liquidity and the Long/Short ratio.

2️⃣ Liquidity: The Long side is under significant pressure.

• The total amount of Long liquidations is 915.07K USDT, double that of Short which is only 417.48K USDT.

• This data shows that the Long side is being heavily pressured, reflecting the prevailing downward price pressure. This aligns with the slight downtrend of the SOLUSDT price.

3️⃣ Open Interest: The market is being monitored.

• Open Interest (OI) remains stable around 7.15M - 7.29M. Although there is no sudden decline, the money flow has not grown strongly to support price increases.

• This is a sign that investors are still cautious, observing further before taking larger actions.

4️⃣ Long/Short ratio: The selling side is dominant.

• Current Long/Short ratio: 0.9848. This means that Short (short selling) positions are slightly dominating compared to Long.

• This is an important sentiment indicator, showing that the market is reducing expectations for a strong recovery in the short term.

5️⃣ Money flow data (CVD): Widespread selling pressure.

• Futures CVD (derivative money flow): -47.37B USD, a large figure indicating that money flow from futures contracts is significantly flowing out. The selling side is clearly dominant.

• Spot CVD (spot money flow): -1.01B USD, the money flow in the spot market also shows selling pressure, although on a smaller scale than derivatives.

• This indicates that both short-term and long-term traders are looking to take profits or reduce positions.

6️⃣ Funding Rate: The market is balanced.

• Current Funding Rate: 0.01%, indicating no significant difference between the fees paid by Long and Short positions.

• This ratio is balanced but needs to be closely monitored when the market experiences significant fluctuations in volume or price.

7️⃣ Futures trading volume: The money flow is still active.

• Total futures trading volume reached 12M SOL, indicating that the market is still active. However, the selling side is gradually gaining control.

Conclusion and trading strategy

🔸 In the short term:

• Selling pressure from both the spot and derivative markets suggests that SOLUSDT may continue to adjust downwards. Investors should limit large trades and consider reasonable stop-loss levels if holding Long positions.

🔸 In the long term:

• If the money flow from open contracts increases again, especially if the CVD shows signs of reversal, SOLUSDT may present a recovery opportunity. However, be patient and wait for clearer signals.

📌 Recommendation: Closely monitor factors such as liquidity, Long/Short ratio, and money flow (CVD) to make appropriate decisions. A cautious trading strategy is essential in the context of a highly volatile market.

Where do you think the price of SOLUSDT will go in the near future? Please share your opinion!

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