Recently, things have gotten interesting. On-chain data shows that a large order of $8.09 million suddenly appeared—someone with significant funds aggressively bought SOL within the $133.88 to $135 range, acting quite decisively. The event occurred on January 9th, when the market was still consolidating sideways. This order seemed to say: I am optimistic about the upcoming trend.

The effect is quite evident. Although SOL didn't immediately surge, the market reaction was quite swift. As of now, SOL has returned to $140, with a 24-hour increase of 2.48%, and trading volume has also grown by 25%, with a total transaction volume reaching $5.05 billion. Market enthusiasm is clearly picking up.

Even more interesting is the situation on the derivatives side. Traders and investors have been continuously increasing their long positions, with a strong overall bullish sentiment—completely in sync with the spot market performance.

Looking at the spot fund flows, it becomes even clearer. In the past 24 hours, there has been approximately $1.3 million net outflow from exchanges. What does this mean? Funds are leaving exchanges and entering long-term holdings. This is a typical accumulation behavior, indicating that large funds are not just short-term speculating but genuinely want to hold Solana.

From these signals, the market sentiment is indeed turning positive. Whether it’s leverage structure or fund flows, they point in the same direction: someone is strategically positioning, and they seem quite confident.