6.9 SOL Thinking｜The one that dropped the most fiercely, now bottom-fishing is just catching flying knives!

$SOL
As of today 11:10, SOL is around 65, down 1.1% in 24 hours, down 12% in a week, down 32% in a month, the worst among the three major coins, currently in a pure "oversold rebound" state, with no independent trend at all

Today's operations
Gao Kong: around 68-68.5 Kong, bamboo shoots at 69.9, watch 64-62
Low buy: around 64.5-65 Dodo, bamboo shoots at 63.5, watch 68-70

ETF just turned outflow: net outflow of $6.52 million last week, breaking the 4-week consecutive inflow record directly, institutional funds just came in and then ran, which is the direct reason why SOL is so much weaker than Bitcoin

Whales are still dumping: on June 6, 1.35 million SOL (about $84 million) was transferred into Coinbase institutional accounts, Forward Industries also restarted selling, the 620k just unlocked haven't been fully digested yet, short-term selling pressure is huge

Smart money is secretly accumulating: although the surface looks fierce, on-chain data shows that in the past 14 days, three institutional market maker addresses have bought a total of 1.8 million SOL, average price between 105-112, now deeply trapped, only able to buy at low levels to average down costs

Today, SOL is likely to stay in the 64-69 range with oscillations, prioritize shorting rebounds, only do ultra-short-term longs. At this position, patience is more important than anything else, don’t risk your principal for small profits #伊朗袭击以色列