The cryptocurrency market has been experiencing continuous fluctuations recently, with significant pressure from bullish investors and frequent liquidation events. During this wave of decline, Solana (SOL) has stood out particularly. Its ecosystem liquidity has decreased, coupled with ongoing internal disputes, and the postponement of the SOL spot ETF to October has gradually transformed it from the "buy the dip" preferred choice in the eyes of investors to a focal point of risk release.

The recent market adjustment is not the result of a single factor, but rather the outcome of multiple unfavorable factors acting together. The tariff policies proposed by Trump have raised concerns in the market about the prospects for global liquidity. At the same time, the rebound of the personal consumption expenditure (PCE) inflation index in June has intensified worries about the Federal Reserve potentially delaying interest rate cuts. In addition, the end-of-month closing and the so-called "Black Friday" effect have further exacerbated the market's risk aversion sentiment.

In this complex market environment, the upcoming non-farm payroll data is particularly important. If the data shows an optimistic performance, considering the current oversold state of the market, it may trigger a wave of corrective rebound. Conversely, if the data continues to release negative signals, the market may further explore the bottom in the short term.

For medium to long-term investors, the current stage may be a good opportunity to lay out their plans. Although projects like SOL are facing short-term setbacks such as ETF delays, their long-term development potential still exists. This pullback actually provides investors with the chance to buy the dip at low levels.

The recommended strategy is to gradually position in the spot market, maintain patience, and wait for the non-farm payroll data to be released before making further decisions. The uncertainty of the market often breeds opportunities; the key is to remain calm amidst the chaos and seek out certain investment opportunities.