Contrarian Coin Hoarding signals appear! Solana long-term holders' Holdings increased by 102% week over week, a massive Cut Loss may indicate that the bottom is near | SOL price prediction

Despite the continuous pullback in SOL prices, on-chain data shows that long-term holders are significantly increasing their positions against the trend. Glassnode indicators reveal that since the week of July 30, Hodler net holdings have surged by 102%, with chips accelerating into cold storage. On August 2, SOL's profit-loss ratio plummeted to 0.15 (30-day low), indicating that recent sellers are generally cutting losses and exiting the market. Historical patterns suggest that such capitulation-style dumping often occurs at cycle bottoms. Combined with RSI approaching the oversold zone and OBV volume leveling off, SOL may build a temporary bottom below $165, with the L1 public chain leader poised for a breakout.

Long-term holders are buying against the trend, with cold wallet holdings increasing by 102% weekly The pullback in Solana's price has not shaken the confidence of long-term investors. Glassnode's on-chain data shows that since the week of July 30, the net holdings change rate of Hodlers (holding coins for more than 155 days) has soared by 102%. This indicator reflects the 30-day net change in the holdings of long-term participants, and the significant increase indicates that the chips are shifting from short-term traders to steadfast holders. Despite the drop in coin prices, more SOL is being deposited into cold wallets, signaling strategic buying on dips rather than panic dumping.

(Source: Glassnode)

Massive Cut Loss Selling Emerges, Achieving a Profit and Loss Ratio Hitting the 30-Day Ice Point Key bottom signal flashed on August 2: the Realized Profit/Loss Ratio of SOL plummeted to 0.15, marking a 30-day low. This value far below 1 indicates that the vast majority of recent sell transactions are at a loss, which is a typical Capitulation. Historical data shows that such large-scale Cut Loss phenomena often occur at the bottom area of market stages. As the losses holders are concentrated and cleared, the market selling pressure is expected to significantly ease.

(Source: Glassnode)

Technical indicators show a turnaround: RSI approaching Oversold, OBV selling pressure exhausted After a continuous decline, SOL's technical indicators show initial signs of stabilization:

1. Price Trajectory: The daily line is struggling below $165, but the latest K-line shows that the downward trend has temporarily eased.
2. Momentum Indicator: RSI reports 41.65 approaching the Oversold threshold, downward momentum is nearing exhaustion.
3. Volume Change: The On-Balance Volume (OBV) indicator has ended its unilateral decline and is now flattening out, with dumping volume significantly shrinking.

Although it is too early to assert a reversal, the charts show that the bears are losing dominance, and the marginal improvement in market sentiment creates conditions for a rebound.

Conclusion: SOL on-chain data and technical indicators release multiple bottoming signals—long-term holders with a 102% increase in holdings demonstrate steadfast confidence in the leader of L1 public chains. The 0.15 profit-loss ratio reveals that the market is already experiencing extreme capitulation, and the OBV volume leveling off indicates a depletion of selling pressure. Combining historical patterns, we may currently be at the end of a pullback, with the potential for a phase bottom to form below $165. Investors should pay attention to the SOL ecosystem TVL recovery, staking yield changes, and BTC market trends. If the price recovers the $170 level during the day, it will strengthen rebound expectations. In the short-term volatility, positions can be accumulated in batches, focusing on tracking whale address movements on-chain and perpetual contract funding rate reversal signals.