Market fluctuations always make people hesitant; there is a lack of courage to get on board when it rises, and even more hesitation when it falls. Currently, the movement of SOL from 160 to 147 has not actually changed the long positions pattern, but has only filtered out those investors lacking confidence.

From a technical analysis perspective, as long as the price can hold the key support level of 140, the current adjustment is likely just a strong retracement, and there is still hope for another upward movement in the future. It is worth noting that the fundamental indicators of the SOL ecosystem and the total locked value (TVL) remain stable, with no obvious signs of degradation.

At the same time, ETH is also forming a bottom structure, and the overall cryptocurrency market seems to be accumulating energy, waiting for the right triggering factors to initiate a new round of pump. Investors need to analyze rationally and avoid being disturbed by short-term fluctuations in their long-term judgment.