Recent on-chain data shows that Bitwise has continued to accumulate more $SOL over the past few days. Over the past 3 days, Bitwise has accumulated approximately 150,000–200,000 $SOL (~$12M–$16M). The entire amount of $SOL is then collected in the core wallet and further distributed to Stake accounts or the custody system. Bitwise currently holds approximately 6.63M SOL, equivalent to 1.4%–1.5% of the total SOL supply, and the majority of this is Stake or held long-term, contributing to the withdrawal of liquidation from the market. (The above data from Arkm may not fully account for the amount of SOL in Bitwise's custody/sub-wallets.)