2025-12-24 07:23:47

The 1-hour liquidity situation of SOL is concerning. The most notable issue in the past two days is that the premium on a certain platform has expanded to over 50 basis points, and the spot side cannot sustain this level of premium at all. Worse still, even during the Asian trading session, SOL failed to rebound—reflecting the true state of market confidence.

From the overall market performance, SOL is currently acting as the leading decliner. In the short term, this asset faces a clear risk of downward spikes, and rapid downward movements should be watched for. The deterioration in liquidity combined with the widening premium indicates decreasing market participation, which poses a threat to price stability.

SOL-1.18%

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DeFiDoctor

· 10h ago

A 50bp premium can't support the spot, this is just capital voting... The Asian session remains sluggish, and the trading records show worsening symptoms. --- Deteriorating liquidity indicators + expanding premiums = typical signs of capital outflow. SOL indeed faces the risk of a downward spike this round. --- If the spot can't hold, what does that mean? Participation has decreased... Be alert for a quick drop in the short term. --- On a platform with a 50+bp premium but no one following to buy in, this contrast strongly indicates a problem. --- The true state of market confidence is right here. No rebound during the Asian session = consensus has already loosened. --- Even with such a large premium, the spot is still dead, indicating that the willingness to sell is far greater than to buy... This indicator needs regular review. --- The leader in decline is sitting quite steadily; focus should be on liquidity deterioration.

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StablecoinGuardian

· 10h ago

SOL this wave is really a bit虚啊, a 50bp premium still can't support the spot, which is outrageous. No rebound during Asian hours? It seems everyone's sentiment has really cooled down. --- When liquidity deteriorates, the entire market starts to sell off desperately, and this is when it's easiest to be broken through. --- Participation has dropped so sharply, probably a correction is coming. --- A 50 basis point premium? Come on, this platform is probably just bleeding the leeks. --- The spot can't hold at all, with such high short-term risks, does anyone dare to buy the dip? --- Speaking of which, SOL leading the decline is really rare, it feels like the entire ecosystem's enthusiasm has cooled down.

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RiddleMaster

· 10h ago

Damn, SOL has been really strong these past couple of days. The premium has expanded to 50bp, but the spot price just can't hold on, even during Asian hours... How bearish does that have to be?

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SelfStaking

· 10h ago

Sol has dropped again, huh? The 50bp premium spot can't hold at all, and the Asian session didn't help either. Now we really need to be cautious.

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NotFinancialAdviser

· 10h ago

Even a 50bp premium can't hold up; the spot side is really getting weak... The Asian session hasn't reacted yet, which is indeed a bit concerning.

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RektCoaster

· 10h ago

A 50 basis point premium can't hold up, Asia didn't rebound, this is just a loss of confidence.

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ForumLurker

· 11h ago

A 50bp premium can't even hold up, this is ridiculous. Is the spot really going to be crushed? SOL is having a rough time this round, even the Asian market can't save it. With such poor liquidity, you better be careful of a quick plunge. This thing is really leading the decline, it's a bit scary. Participation is declining, which means nobody wants it anymore.

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