130k SOL Whale Deposit Signals Potential Selling Pressure
I see a whale deposited 130,000 SOL (~$26.45M) to a centralized exchange three hours ago. Such a large inflow to a CEX often precedes selling and can create short-term downward pressure on Solana's price.
I will monitor on-chain exchange balances, orderbook activity, and subsequent withdrawals or sell orders; until I see confirmed distribution I treat this as a warning signal and avoid initiating new long positions.
Analysis
Recommendation
Watch and avoid adding exposure now; consider trimming risk or using stops if long, and wait for confirmed sell activity or price weakness before buying.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.