SOL is being offloaded by Binance into a long-skewed market, triggering a leverage flush. Is this a calculated reset before reaccumulation?
SOL is being deliberately dumped into a crowded long market to trigger liquidations. Is this a calculated reset, or just the start of deeper pain? The market is closing the week with a striking red candle, snapping nearly a month of steady gains.
The move clearly signals aggressive deleveraging across the board.hasn’t been spared. It’s on track to end the week down 15% from its $188 open, with price action now gravitating toward the key $160 level. For now, $160 is the name of the game. And the stakes couldn’t be higher. SOL has dropped below a key realized price cluster, putting the average holder in the red. CouldBinance is on a tear. It has offloaded nearly 110,000 SOL to Wintermute, and it doesn’t look like a routine shuffle.But the market flipped risk-off, triggering a cascade of long liquidations. In fact, on the 1st of August, Solana registered $46 million in long liquidations, marking its largest single-day wipeout since Q1.In this context, Binance’s 110k SOL offload appears highly tactical. With Solana already down 15% on the week, the sell pressure likely drove price into thin liquidity, flushed out excess leverage, and primed the market for a cleaner reset ahead of potential reaccumulation.has dragged Solana into a critical support zone. However, with perp positioning still long-heavy and macro flows risk-off, the $160 level remains technically exposed.of a broader flush. Unless Open Interest resets or strong spot bids step in, Binance may keep leaning into the sell-side. Solana’s URPD chart highlights a notable cluster of realized price density between $140 and $150, meaning a large amount of SOL was last moved in this range.A revisit of the $140-$150 realized price cluster could therefore act as a high-probability reaccumulation zone, particularly for entities like Binance.Ritika Gupta is a Financial Journalist and Geopolitical Analyst at AMBCrypto, specializing in the critical intersection of world politics, economic policy, and the cryptocurrency markets. Her analysis is informed by her distinguished background, which includes professional experience at major news network. She holds a Bachelor's degree in Political Science and Psychology from Gargi College, University of Delhi. This academic training provides her with a sophisticated framework for dissecting complex issues such as international regulations, government fiscal policies, and the geopolitical forces that directly influence asset valuations. At AMBCrypto, Ritika applies this expert lens to synthesize macroeconomic data and political developments, offering readers a deeper context for market movements. She excels at explaining not just what is happening in the market, but why it is happening. Her work is dedicated to providing strategic insights that empower readers to understand the complex relationship between global events and their digital assets.Subscribe to get it daily in your inbox.
Please follow us on Google to support us Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana’s price slumps, yet traders scoop $27M in SOLSOL drops 3.5% to $150.67 despite rising volume and transactions, as on-chain sell pressure contrasts with bullish off-chain bets.
Read more »
Solana chart ‘looking very scary’ at $147 – A plunge can take SOL down to…Solana (SOL) is currently at a critical juncture, with mixed analyst opinions and bearish on-chain signals pointing to potential downside.
Read more »
Solana active addresses hit new high – So why is SOL still falling?Stay Ahead!
Read more »
Can Solana (SOL) hit $184 after FTX, Alameda unstake $31 million?Solana (SOL) has been flashing strong bullish momentum, backed by multiple technical breakouts and growing trader confidence...
Read more »
Can Solana’s $1T DEX volume help SOL push prices past $200?Solana surpasses $1 Trillion in 2025 DEX volume as whales accumulate and perps volume surges by about 234%.
Read more »
Solana breaks above $180: Is SOL on the path to outshine Ethereum?Solana has flipped key resistance into support as greed returns. On-chain signals and ETH rotation hint at a potential push toward $200.
Read more »