Spotting some unsettling signals, I have to discuss this with everyone—recently, a big player has already made $3.85 million by shorting BTC, ETH, and SOL, with another $1.77 million still waiting on the sidelines to be sold.

This is quite interesting. On the surface, the market appears to be rising, but behind the scenes, these whales are quietly opening short positions. This signal is worth pondering.

**Why are the actions of whales so crucial?**

Institutions and large traders often have a half-step ahead of retail investors. This individual keeps adding to their short positions during the upward trend, which indicates what? They believe the current prices are overvalued and expect the subsequent decline to be greater than the rise. This is not a gamble or short-term speculation but a calculated position adjustment.

Retail investors need to understand one thing: don’t blindly chase the price just because it’s rising. If you don’t have a clear plan on where to buy or sell, you should pay more attention to these signals.

**What about the technical analysis?**

SOL is currently quoted around 123, staying above the "key level 122.91," which suggests the short-term bullish trend has not been completely broken. Looking upward, 125 is a recent resistance, and 128 is a strong resistance. Conversely, for support, focus on 121; if it breaks below that, you should watch for even lower levels.

From this perspective, although the price is still in an upward channel, both sides are watching closely. The actual market direction will depend on how the next few days unfold.