6.3 SOL Plunges 7.3%! Will it hold at 75, 70?

$SOL
Today’s most miserable mainstream coin, none other than SOL! Over the past week, it has been steadily declining from 85, with a total drop of over 12%. The majority of liquidations across the network involve SOL longs, accounting for up to 97%. Many people bought the dip at $80, now they are buried. Now everyone is asking: can the last line of defense at 70 hold?

Main idea: rebound and short, never fight the trend
Entry: around 75.5-76.5, with a target of 78, watch for 72-69

Funds are疯狂ly flocking to Bitcoin, while altcoins are collectively crashing:
Bitcoin dominance surges to 58%, hitting a new high since 2025
In a bear market, funds only recognize Bitcoin as "digital gold," and all altcoins are being ruthlessly abandoned
As the leading altcoin, SOL naturally is the biggest victim of capital fleeing

The ETF myth is shattered, institutions are starting to run:
Previously resilient SOL ETFs are now experiencing net outflows this week
U.S. banks are directly reducing their holdings of SOL ETFs, shifting to buy more Bitcoin IBIT
Institutions are systematically withdrawing from all altcoins, which is a terrifying signal worse than any negative news

The US-Iran conflict escalates, risk assets come under pressure:
On June 2 local time, the US and Iran exchanged attacks again
The U.S. Treasury also added several Iranian crypto trading platforms to the sanctions list
Geopolitical risks soar, and funds are疯狂ly flowing into gold, U.S. bonds, and other traditional safe-haven assets

Currently, SOL is under a triple blow of panic selling + FTX liquidation + continuous capital outflows
A technical rebound could happen at any time, but it is definitely not a reversal
If the daily chart does not stabilize above $82, all rebounds are opportunities to short#BTC触底66000