EchoingDesires
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EchoingDesires
@echoingdesires
Solana's long-term holder net unrealized profit/loss (LTH NUPL) has entered the fear zone, indicating increasing market unease. Currently at a 16-month low, this metric reflects the impact of the broader market downturn on SOL investors. As long-term holders incur increasing losses, there is a possibility of significant selling pressure, which could lead to further downside risks. The sentiment among these investors could also affect retail traders if fear spreads. Widespread selling could amplify the downward pressure and make it difficult for SOL to recover. Unless Bitcoin stabilizes and the market situation improves, investor confidence in Solana is likely to remain bearish in the short term.
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