771 Whales Accumulating As SOL Faces Critical Support at $100

The Solana market is displaying a fascinating divergence: while 771 major whale addresses have been actively accumulating, the broader price action tells a more cautious story. With SOL trading at $78.18 (down 2.02% in the last 24 hours), the question isn’t just about current price—it’s about what these large players are signaling about the future. The 771 whales holding significant positions appear to be betting against the prevailing pessimism in the market, which deserves closer examination.

Chain Data Reveals 771 Major Holders Positioning Aggressively

Currently, 98% of short positions are deeply in profit territory, representing approximately $184M in unrealized gains across the derivatives market. This extreme shorts dominance creates a precarious situation: with such overwhelming bearish positioning, any significant price recovery could trigger a cascade of short liquidations. Meanwhile, the 771 whale addresses signal an interesting contrarian view—they’re accumulating during weakness rather than capitulating. The average long position entered around $108, meaning current longs are underwater by roughly 28% from their entry point, which signals genuine capitulation may be approaching.

Technical Breakdown: Critical Price Levels & Liquidation Risk

The $100 psychological level emerges as the immediate battleground. If SOL fails to reclaim this level and instead breaks below the $96.50 support zone, the technical picture deteriorates sharply—opening the door to an accelerated downside move toward the $89-$90 range. Each failed bounce creates deeper trapped long positions, which typically precedes a more significant capitulation event. The 771 whale accumulation is likely positioned ahead of anticipated volatility around these key support levels, betting that larger forces will eventually shift market sentiment.

Short Opportunity Analysis: Entry Strategy & Risk Parameters

For traders analyzing this breakdown scenario, a systematic short strategy would target:

• Entry Zone: $95.80 - $97.20 (between rejected support and mid-range)
• Target Level: $89.50 (next significant demand zone)
• Stop Loss: $102.10 (above the failed resistance area)

This risk-reward setup assumes the 771 whale positioning doesn’t immediately reverse the trend—meaning patience and proper risk management are essential. The fact that these large holders are accumulating despite the bearish derivatives structure suggests that any short trade should be treated as a tactical position rather than a conviction call. Always conduct thorough due diligence before entering any position; the data supports caution but not certainty.