Can SOL break through $200? On-chain data reveals market signals

【Crypto World】Looking at SOL’s recent performance, it’s quite interesting. According to historical patterns, SOL typically gains an average of 52.3% in January. If this trend repeats, pushing from the current $144.52 upward, reaching around $220 is still possible.

More importantly, on-chain data is speaking. Unsettled contracts over the weekend surged by $8 billion, indicating that funds are increasing their positions. Institutional investors are also active, with buying enthusiasm continuing to rise. Solana’s ETF performance even outpaced Ethereum and Bitcoin, which is rare during a bear market.

There’s also a detail worth noting — a whale withdrew 80,000 SOL from a major exchange. Such large transactions usually indicate a long-term bullish attitude. Overall, on-chain sentiment is quite optimistic, but whether this can truly trigger a new rally depends on future funding conditions.