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$SOL stake ETF has been approved, but after being targeted by Bots, the hourly k directly experienced a 10 consecutive fall.
It's also normal. This ETF has been hyped many times before, and everyone knows it will go through stake ETF.
The positive news has landed = Negative news, a fall is normal. The market is not good right now, it's rare to have positive news bringing some liquidity. Everyone wants to offload.
But in the long term, I still have high hopes for SOL.
The approval of the stake ETF indicates that the spot ETF is not far away. If there are no surprises, the market will start to speculate on this expectation one after another.
With the gradual implementation of the coin-stock on SOL.
There may be a sentiment shift from the US stock market's meme season to the blockchain.
The main force of the SOL ecosystem has transitioned from meme coins to mainstream cryptocurrencies, bringing a wave of liquidity. Of course, it is also possible that the on-chain liquidity is being shifted to the US stock market. It's all uncertain; it still depends on how the sentiment plays out.
The expectation of interest rate cuts is boiling over, and the market has run out of stories to tell. There are not many gaming points left, and it is time for a shift in the trend.