SOL周跌25%跌破140美元，XBIT持仓数据：Solana做多做空多头遭重创

Core Viewpoint - Solana's token SOL has experienced a significant sell-off, dropping 25% within a week and falling below the critical support level of $140, leading to large-scale liquidations in the long and short contract markets [1][3]. Market Performance - The cryptocurrency market saw over $460 million in liquidations within 24 hours, with $320 million of long positions being wiped out [1]. - SOL is currently trading around $140.69, having breached all major moving averages, with a weekly trading range narrowing to between $126 and $255 [1][2]. - The recent price fluctuations indicate a bearish engulfing pattern, with the last candlestick closing lower than it opened [1]. Technical Analysis - Key support for SOL is identified at $131, while resistance is at $145. Current trading points for long positions are at $129.65 and $131, with stop-loss set at $129 [2]. - Despite the price decline, trading volume has decreased, suggesting weakening upward momentum and potential for further market adjustments [2]. Impact of Federal Reserve Policies - The recent sell-off in the cryptocurrency market is closely linked to a sharp decline in expectations for a Federal Reserve interest rate cut in December, dropping from approximately 70% to 42% [3]. - The overall cryptocurrency market has seen a 14% decline, making it the hardest-hit sector among risk assets, with Bitcoin and Ethereum also experiencing significant drops [3]. Institutional Involvement - Amid market panic, traditional financial institutions are entering the market, with Fidelity launching a Solana ETF (FSOL) that offers staking rewards and waives fees until May 2026 [4]. - This initiative led to a temporary rebound in Solana's price, which increased by 7% on the day of the announcement [4]. ETF Performance - The asset size of the Solana spot ETF has exceeded $500 million, with a net inflow of $8.2 million on November 17, marking 14 consecutive days of net inflows [5]. - Historical data suggests that despite current price drops, such market corrections are normal, with Bitcoin having previously recovered from significant declines [5]. Market Sentiment and Future Outlook - There is a noticeable divergence in market sentiment regarding long and short positions in Solana, with technical indicators showing mixed signals [6]. - The key resistance levels are between $180 and $205, while support is at approximately $126. Recent rebounds in major cryptocurrencies indicate potential stabilization in the market [6].