At the beginning of 2025, Solana (SOL) is experiencing a "roller coaster" market. After Bitcoin fell below the key support of $92,000, market volatility further increased. Solana's price has fallen by more than 12% in the past four days, and as of January 10, the trading price was only $191. For this star altcoin, the biggest question in investors' minds is: Is now a good time to get on board, or is the pit not yet full?

What's behind the whale selling wave?

On-chain data shows that a giant Solana whale has been selling continuously. In the past 24 hours, this "big player" unstaked 245,921 SOL and deposited 246,064 SOL directly into the Binance exchange. Combined with Solana's strong rise in November last year, this move was generally interpreted as a signal of whale profit-taking.

But don’t rush to panic and follow the trend! Currently, the Solana network still has more than 393,252,393 SOLs in stake, with a total value of approximately $75 billion. According to data from Solanacompass, these tokens are held by more than 1.23 million active stakers, indicating that long-term investors still have confidence in Solana’s network prospects.

Short-term technicals: key support and potential rebound

From a technical perspective, Solana’s price is approaching a key support level near $180. If this level holds, a rebound may occur in the future, with the target directly above $200. However, if the support is lost, SOL may slide to the $120-150 range, ushering in more long liquidations.

The volatility of the leveraged market is also worth paying attention to. In the past 24 hours alone, Solana-related leveraged transactions have been liquidated for nearly $20 million, with long traders suffering the most losses. At the same time, futures open interest (OI) has decreased by about 2% and is currently hovering at $5.79 billion, indicating a strong risk aversion in the market.

What should you do after a whale sells?

The actions of whales are often seen as a market indicator, but it does not mean that every sell-off means long-term negatives. History tells us that most whales choose to take profits when the market adjusts, while smart retail investors can often buy at the bottom during this stage.

For investors who are optimistic about Solana's long-term potential, the $180 support level is a key observation point. If it falls below, it may be a wiser choice to patiently wait for a lower layout range. For short-term operators, trying to buy low and sell high under the premise of risk control may earn swing profits.

Insight into the market rhythm is the beginning of controlling wealth! Follow Lao Tan closely, plan ahead, and let the next peak belong to your account! Follow Lao Tan and never let the opportunity slip away!
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