SOL has been bouncing between 70u and 74u over the past couple of days, not much excitement, but I think what's been happening behind this coin recently is worth discussing. In tokenized stock trading, it hit a new high this week, with a weekly trading volume of 1.3 billion. This track is basically dominated by it, and no other chain has kept up.

Funds have been flowing into ETFs as well, with 1.1 billion entering over three weeks. Kazakhstan even approved a compliant ETF. Putting all these together shows that this coin is now backed by real substance, not just talk.

However, I noticed one thing: longs now account for nearly 70% of positions in futures. This structure is actually a bit dangerous. Once the price stops rising, there is a significant probability of a long squeeze.

Currently around 73u, the support at 70u has been tested several times over the past two days and held. If it can break above 75u, it means there's genuine buying in this wave, and we could see 80u and beyond.

If it hits 75u but fails to hold and falls back, dropping to 70u is normal; nothing to panic about.

During such range-bound consolidation, I generally don't chase; I'll wait until it truly picks a direction.

$SOL

‍#SOL