Solana's recent performance has attracted a lot of attention. Whether retail investors or large funds, attitudes towards SOL have become more positive. The US spot ETF alone saw a single-day net inflow of $10.43 million, with total inflows approaching $775 million. This data really speaks volumes.

The price has rebounded from the support zone of $120-135, and technical indicators such as the parabolic turn indicator also signal a short-term momentum shift. Interestingly, although the price is moving upward, the spot market has been consistently net outflowing, which usually indicates that someone is quietly accumulating.

From the derivatives perspective, the bulls have regained the narrative. The long-short ratio on a major exchange has reached 2.6. The liquidation data is even more interesting — shorts are being gradually liquidated, yet the price has not plunged, indicating that the downward force is weakening.

However, to truly confirm a reversal, it still depends on whether the price can hold above the $145 level. This is a key resistance point; once broken, it would confirm a trend reversal. Currently, the market is wavering between a "dead cat bounce" and a "genuine rebound," and this level is the most convincing.