**Solana Price Under Pressure: Whale Moves and Bearish Metrics Raise Concerns**
Solana (SOL) has been under notable bearish pressure recently, with developments from large holders adding weight to concerns about the altcoin’s market outlook.
**Major Whale Exits $4.71 Million Position at a Loss**
A significant event stirring market sentiment was a Solana whale, identified as DYzF92, exiting a $4.71 million position despite incurring a $230,000 loss. According to Lookonchain, these tokens were accumulated about seven months ago, making the recent sell-off a clear signal of shifting perspectives among major holders.
This move has compounded the fragile mood in Solana’s market, suggesting that large players are now aggressively accumulating short positions at current trading levels.
**Bearish Metrics and Accumulation of Short Positions**
AMBCrypto’s latest analysis reveals that other large wallets are replicating this trend, stacking more short positions and leaning into expectations of a near-term downturn. Data from CryptoQuant indicates a surge in the average order size among whales—further confirmation of bearish dominance.
Additionally, metrics show that short positions have taken precedence, indicating most large trades at present are being made by Solana bears. This coordinated activity is raising the key question: Will this increase in short orders push SOL prices lower, or can the established demand zone hold firm?
**Demand Zone: Crucial Battleground for Bulls and Bears**
Solana’s price has been testing a well-defined demand zone around $140 on the daily chart. Historically, this area has triggered relief bounces, positioning it as a critical battleground for both bulls and bears. Should this demand zone absorb the heightened selling pressure from whales, SOL could hold its structure. If not, however, an accelerated downside remains a serious risk.
**Long/Short Ratio and ETF Inflows Signal Bearish Momentum**
Further cementing the bearish sentiment, Solana’s long/short ratio has recently dropped below 1. This shift highlights clear dominance by short positions, suggesting an increasingly cautious or fearful market. Such metrics are in perfect alignment with the behavior of major holders.
At the same time, trends in ETF inflows are sending cautionary signals. While there were positive inflows over the last 24 hours, the overall trajectory has been steadily declining, pointing to diminishing institutional interest—a potential concern for long-term SOL holders.
**What’s Next for Solana?**
Despite the current bearish bias, it’s worth noting that Solana has a history of surprising short sellers. A strong reaction from the demand zone could trigger a temporary short squeeze, offering hope for a rapid rebound. For now, traders and investors are keenly watching whether bulls can reclaim control of this key support zone or if whales will continue to dictate Solana’s next move.
**Conclusion**
Solana’s near-term outlook remains uncertain as heavy whale activity and bearish market indicators dominate headlines. The fate of the altcoin hinges on the resilience of its key demand zone and potential shifts in sentiment among leading market participants. Stay tuned for further updates as this dynamic situation unfolds.
https://bitcoinethereumnews.com/tech/solana-faces-heavy-selling-as-whales-flip-bearish-whats-next/