Solana: 3.5 million USD in SOL staked – but are bulls ignoring this bearish signal?

SOL faces difficulty breaking the $193 resistance level due to a surge in long liquidations totaling 6.1 million USD. This situation reflects bearish sentiment as traders react to recent market movements.

Despite these challenges, a new wallet withdrew 20,009 SOL from Binance and staked 19,875 SOL, indicating bullish intentions. Nevertheless, the market sees a net outflow of 158.93 million USD, suggesting profound pressure on SOL’s price.

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