Bitunix analyst: SOL short-term is dominated by short orders, focusing on the mid-term $200-$205 counter-pressure

The data shows that on February 17, the liquidation amount of SOL reached $15.12M within nearly 24 hours, with the liquidation amount of long positions reaching $14.48M. In terms of capital dynamics, a large amount of capital has flowed into the pledge account, reflecting the increased confidence of users in long-term holding. At the same time, the transfer of funds from cold wallets to hot wallets has also been observed, indicating that users are balancing the need for increased holdings and liquidity. Bitunix analyst believes that SOL is mainly dominated by short positions in the short term, but is still bullish in the long term, focusing on the medium-term resistance at $200-$205. If it breaks through, the bearish view will be adjusted.