A long-term Solana staker has begun a gradual exit after unstaking more than 98,000 SOL following nearly two years of holding.
The wallet originally withdrew the tokens from Binance near cycle highs before committing them to staking.
However, the current exit unfolds at significantly lower prices, locking in a realized loss exceeding $6.6 million. The holder uses a DCA approach rather than a single sell-off, which spreads supply across time.
As a result, the market avoids abrupt liquidation-driven reactions. Still, this steady distribution introduces persistent overhead pressure.
Meanwhile, buyers continue stepping in near support, setting up a clear test between long-term supply and short-term demand.
Solana price compresses inside a familiar range
Solana [SOL] price continued to trade inside a clearly defined range at press time, with buyers repeatedly defending the $120–$125 demand zone. Each dip into this area triggered quick reactions, preventing downside continuation.
However, upside attempts consistently failed near $146–$150, which aligned with the upper boundary of the consolidation box.
Every rally toward that level loses momentum, forcing price back toward the range midpoint. The $135 area acted as a short-term pivot, flipping between support and resistance during recent sessions.
As a result, volatility remained suppressed. Therefore, Solana stayed trapped between $120 and $150, reflecting balance rather than directional control.
Momentum continued to soften as the daily RSI rolled over from recent highs near 70 and drifted lower toward the low-40s.
At the press time, RSI sat around 43.8, confirming weakening upside pressure without signaling oversold conditions. This positioning matters because RSI remains well above the 30 threshold, showing sellers lack dominance.
However, RSI also struggled to reclaim the 50 midline, which caps bullish momentum during consolidation phases. As RSI flattens, it mirrors price compression rather than trend acceleration.
Therefore, momentum points to exhaustion, not breakdown, while buyers continue stepping in before momentum deteriorates further.
Taker demand absorbs sell pressure
Spot Taker CVD over the 90-day window remained buyer-dominant despite visible sell-side distribution from large holders.
Aggressive market buyers continue lifting offers even as long-term exits unfold.
However, price does not expand higher, which signals absorption rather than chase behavior. This dynamic shows buyers meeting supply without forcing breakouts.
Meanwhile, sustained buyer dominance reduces the likelihood of sharp downside continuation. Still, absorption alone does not guarantee upside expansion.
Instead, it stabilizes price while excess supply clears. Therefore, order-flow conditions support range stability rather than immediate directional resolution.
Solana top traders stay aggressively long
Binance top trader positioning remains heavily skewed toward longs despite Solana’s failure to trend.
As of press time, 80.86% of top trader accounts held long positions, while 19.14% remain short.
This imbalance placed the Long/Short Ratio at 4.22, confirming that long exposure outweighs shorts by more than four times. However, the price continues consolidating rather than breaking higher.
The ratio has eased slightly from recent peaks above 4.4, suggesting mild moderation rather than aggressive de-risking. Therefore, trader conviction remains strong, but price structure has yet to confirm it.
To sum up, Solana currently reflects a market absorbing long-term distribution without losing structural support.
Buyers defend key levels, RSI avoids breakdown, taker demand stays active, and top traders remain heavily long. However, the price still lacks expansion.
Until Solana breaks decisively beyond the consolidation range, the market remains balanced between conviction and confirmation.
Final Thoughts
- Long-term selling pressure persists; however, market structure remains intact as buyers continue absorbing supply.
- Trader confidence stays elevated, however price still needs expansion to validate bullish expectations.
