SOL has been very strong since the breakout yesterday morning, and funds have continued to flow in.
In this short-term downward exploration that began last night, it may even undertake the rotation of BTC Ethereum.
Just now, the ultra-short-term slightly stepped back on the position of 195 on the upper track of the weekly line, and then continued to rise, breaking through 200.
5M level funds are also net inflows.
It seems that the ecological niche of the E guard in this cycle will be inherited by the Suo guard, and the current pressure on SOL is near 186 on the weekly upper track. At present, I am personally observing what is the reason for the low rise of SOL:
1. Capital rotation logic: The typical rotation path of the crypto market is BTC (safe assets), then ETH (DeFi/L2 narrative), and finally altcoins such as SOL
2. Institutional change logic: ETH has risen sharply recently because large institutions have entered the market, bringing a large amount of funds and even completing the change to a certain extent. It is unknown whether institutions will replicate the reserve + bank change logic on SOL in the future.
As for the narrative of the project itself, it may not be that important, after all, after the rise, there will be great Confucians to distinguish the scriptures for you.
However, SOL is currently the best option for those who do not dare to chase high BTC ether and buy copycats in large positions.
Screenshot from @CoinankCN
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