Solana’s Silent Accumulation: Long-Term Holders Bet on Rebound Amid Market Dip

Despite recent lackluster price performance, solana is showing signs of a potential rebound as long-term holders quietly accumulate the asset. On-chain data reveals a notable decline in selling pressure from committed investors, with Glassnode's Liveliness metric dropping to 0.76 this week - the lowest since July 25. This accumulation phase suggests growing confidence in Solana's long-term prospects, even as short-term traders remain cautious. The divergence between these two groups highlights an intriguing dynamic in Solana's market structure, with hodlers positioning themselves for what they believe could be a significant future price appreciation.

Solana Long-Term Holders Accumulate Amid Price Dip, Signaling Potential Rebound

Solana's market dynamics show a divergence between short-term traders and long-term holders. While recent price action has been lackluster, on-chain metrics suggest a quiet accumulation phase by committed investors.

Glassnode data reveals declining Liveliness metrics since July 25, hitting 0.76 this week - a clear indicator of reduced selling pressure from long-term holders. The Hodler Net Position Change metric has simultaneously trended upward since July 30, confirming this accumulation pattern.

Market veterans recognize these signals as classic contrarian indicators. When long-term investors absorb sell-side pressure during downturns, it often precedes trend reversals. Solana's current technical setup mirrors historical bottoms where patient capital positioned itself before rallies.

Solana Faces Mounting Pressure as Key $160 Support Level Threatens to Break

Solana's SOL token is undergoing a severe stress test as coordinated selling pressures collide with overleveraged retail positions. The asset has shed 15% this week, now teetering NEAR the critical $160 threshold—a level that could determine whether recent gains were merely a dead cat bounce or the foundation of a sustainable recovery.

Binance's aggressive offloading of 110,000 SOL to market maker Wintermute appears strategically timed to exploit extreme long positioning. Retail traders had piled into Leveraged bets with 91% net long exposure when SOL traded near $180, creating ideal conditions for a cascading liquidation event. The resulting $46 million long squeeze on August 1st marked Solana's most violent deleveraging since Q1.

Despite the bloodletting, perpetual swap markets remain skewed bullish with 78% long dominance on Binance—a dangerous divergence from spot price action. The breakdown below realized price clusters now leaves average holders underwater, raising questions about whether this is a healthy flush of speculative excess or the precursor to deeper losses.

Solana's Tokenization Surge Offers Bullish Case Despite Underperformance

Solana (SOL) has lagged behind crypto peers during the current bull market, posting a 1% annual decline as of July 30. Yet the blockchain is emerging as a dominant platform for tokenized real-world assets (RWAs), with adoption metrics suggesting a potential turnaround.

RWA holders on Solana surged 1,281% year-to-date to 63,000, while total value locked jumped 176% to $479 million. The network now hosts tokenized equities and is poised for further growth following a $1.1 billion gold-backed token initiative. This development alone could triple Solana's RWA footprint.

Though still in its infancy, Solana's RWA ecosystem demonstrates the network's capacity to bridge traditional finance with blockchain infrastructure. The gold tokenization MOVE particularly highlights institutional-grade use cases emerging beyond speculative trading.

Solana's Cup-and-Handle Pattern Signals Potential Drop to $140 Amid Market Correction

Solana (SOL) faces further downside risk as a classic cup-and-handle formation takes shape on its monthly chart. Market analyst Ted Pillows projects an 11% decline toward the $140-$150 range, despite the altcoin's 15% weekly plunge. The pattern suggests bullish continuation—but only after completing its current corrective phase.

SOL now trades near $159, having peaked at $235 in January 2025. The handle portion of this technical setup typically precedes renewed upside, though Pillows emphasizes short-term pain precedes long-term gain. 'Descending consolidation is healthy after parabolic moves,' he noted, drawing parallels to historical crypto market cycles.