1. Bullish Strength: Retail Investors vs. Large Holders

- Retail Investor Sentiment: In the SOLUSDT contract, the long position ratio reaches 65.09%, with a long-to-short ratio of 1.86. Retail investors are generally bullish, providing a crowd foundation for the rebound.
​
- Large Holder Attitude: In the SOLUSDC contract, the ratio of large long to short accounts reaches 2.98, with 74.86% of accounts holding long positions, indicating that large holders are also actively participating in the rebound. However, in the SOLUSDT contract, the long-to-short position ratio for large holders is only 0.90, with short positions slightly dominant. This shows internal disagreement among large holders and that they are not uniformly bullish.

2. Market Reception: The Battle Between Selling Pressure and Buying Interest

- Active Trading Volume: During the price rebound, active buy (red bars) and active sell (green bars) volumes alternate, indicating intense competition at key price levels and not a one-sided upward movement.
​
- Basis Situation: The basis remains in a small negative range, with no significant positive basis, suggesting the market is not overly optimistic, and arbitrageurs are also suppressing rapid price increases.

3. Leverage Risks: Manageable but Vigilance Needed

- Open Interest to Market Cap Ratio: SOLUSDT is 1.661%, SOLUSDC is 0.149%. Overall leverage is not high, reducing the risk of forced liquidation, providing a stable environment for the rebound.
​
- Funding Rate: The funding rate fluctuates slightly around 0, with low costs for long positions and no pressure for forced liquidation, supporting the rebound.

🎯 Conclusion and Trading Recommendations

Rebound Sustainability Assessment:

- Short-term (1-3 days): The rebound momentum remains, with potential to challenge the strong resistance zone at 95-100.
​
- Medium-term (1-2 weeks): If the price cannot effectively break through the 95-100 range, the rebound may end, and the price could fall back to test the 67.20 support level.

Trading Suggestions:

- Bulls: If the price breaks above 95 with increased volume, hold the position with a target of 105; if resistance is encountered around 95 and the price falls back, consider taking profits decisively.
​
- Bears: Consider a light short position within the 95-100 range, with a stop-loss above 105, and target around 80. #当前行情抄底还是观望？
​
- Risk Management: Regardless of long or short positions, set strict stop-loss levels to avoid significant losses due to incorrect trend judgment. $SOL