- Long-term SOL holders are doubling down, with a 102% spike in net accumulation since July 30.
- Most recent sellers exited at a loss, signaling possible capitulation and cycle-bottom behavior.
- Technicals suggest selling pressure is fading, with RSI near oversold and OBV flattening out.
Solana’s been sliding lately, no doubt about it. Price action hasn’t been pretty. But here’s the twist—some of the biggest SOL believers? They’re not flinching. In fact, they’re scooping up more.
While short-term traders are panic-selling into red candles, long-haulers are treating this drop like a bargain bin. They’re stacking, not stressing. And if past patterns mean anything, we might be closer to a bottom than most folks realize.
Smart Money Moves In as Others Bail
So what’s really happening behind the scenes? According to Glassnode, Hodler Net Position Change for SOL surged 102% since July 30. Translation? Long-term wallets are loading up—fast.
This stat basically tracks how much SOL is moving into hands that don’t tend to sell quick. And a spike here? That usually screams accumulation. Not fear, not capitulation—just quiet conviction.
So yeah, prices are down… but coins are going cold. That’s a story in itself.
Sellers Are Bleeding, But That Might Be Good News
Another sign we might be bottoming out? The Realized Profit/Loss Ratio just tanked to 0.15—the lowest it’s been in a month. That means most folks who sold lately did it at a loss. Not ideal for them, but historically? That’s what shakeouts look like right before a reversal.
Think about it—when everyone who wanted out already bailed, what’s left? Dry powder and patient hands.
Less selling pressure means less gravity pulling SOL down. Maybe we’ve hit the ugly part. Now comes the part where things settle… maybe even bounce.
Reversal Coming? Not Yet, But It’s Brewing
Technicals aren’t screaming “moon” just yet, but they’re showing hints of life.
The latest daily candle didn’t collapse—finally. Price is still stuck under $165, but RSI’s down at 41.65, almost touching oversold. Selling volume? Slowing. OBV’s gone flat after weeks of decline, which tells us sellers are losing steam.
Is this the bottom? Too soon to say. But is it shaping up like one? Kinda looks like it.
