$870 Million in Solana Supply Unlocks — Does It ‘Flag’ SOL Price Risk?
Unlocking $870 million in SOL from liquid staking, coupled with bearish technical patterns, increases potential selling pressure on Solana's price.Summary
Approximately $870 million worth of Solana (SOL), representing 10.18 million SOL, has recently exited liquid staking protocols, increasing the available supply that could be sold. This supply shift occurs while Solana's price is trading near the lower boundary of a bear flag pattern, suggesting increased downside risk if support breaks. Further compounding this risk, on-chain data shows short-term holder supply has increased from 4.58% to 5.85%, while long-term holder accumulation has sharply declined by nearly 65%, indicating weakening conviction among stable investors. Technically, a break below the $82 support level could trigger a significant price crash toward $67 or $50, potentially reaching $41 if the bearish pattern fully materializes. Recovery hinges on buyers pushing the price above $91 to negate immediate bearish pressure.
(Source：BeInCrypto)