Recently, I noticed an interesting phenomenon: large holders of Solana are quietly increasing their positions. According to on-chain data, addresses holding between 10,000 and 100,000 SOL have increased their share of supply from 21.9% two weeks ago to 22.2% now. It doesn't sound like much, but in terms of quantity, that's about 1.71 million SOL, which at the current price is roughly $144 million.

Currently, SOL is hovering around $84, and the overall trend looks like a bottom is forming. Interestingly, in recent days, short-term positions above $89 million worth $80 million have been closed out, and around $41 million in longs near $83 have also been liquidated. These data points reflect a tug-of-war between bulls and bears at this price level, and the increase in large holder positions may suggest they are accumulating at lower prices.