#每周来晒 #AreYouBullishOrBearishOnTheWeekendMarket

The strongest-performing coin this week is undoubtedly SOL.

Solana’s price rose above $112, gaining nearly 11% in 24 hours and reaching a new high since January. More notably, look at the liquidation structure: Over the past 24 hours, total SOL liquidations across the network reached $38.21 million, including $36.72 million in short liquidations, accounting for approximately 96%, while long liquidations amounted to only $1.48 million. This was not an ordinary rise—it was a textbook short squeeze.

The fundamentals also provide support. Bitwise’s Solana staking ETF BSOL rose 12% on the day, with trading volume reaching $85 million, while Solana futures open interest approached $7 billion. The Solana Foundation announced integration with Allfunds—which connects more than 3,300 asset management firms managing approximately €1.9 trillion in assets—while the on-chain RWA market has exceeded $4 billion. At the network level, Solana also plans to compress block-producing slots from 400 milliseconds to 200 milliseconds.

However, I must remain clear-headed. The fact that short liquidations accounted for 96% means this rise was driven by a large amount of leveraged capital. Futures trading volume of $12.14 billion far exceeded spot trading volume of $1.49 billion. Once the shorts have been fully cleared out, the risk of a short-term pullback cannot be ignored. I will wait for SOL to retest the $100–105 range and confirm support before considering an entry.

Bullish on the weekend, but I will not chase SOL higher. If I could choose only one asset to trade, I would choose SOL. It has the greatest upside sensitivity, but also the greatest risk, so use a strict stop-loss.