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Recent On-Chain Chip Changes for SOL: Tracking the position data from December 30-31 to better understand the on-chain sentiment trend.
Currently, on the eve of New Year's Day, SOL continues to fluctuate within the $122-$126 range. According to the latest chip distribution chart, the largest accumulation point has now moved to around $123—yesterday it was still at $126, with the heights of the two main chip columns not significantly different.
It is worth noting that there was a clear accumulation of chips at the high level of $165 previously, but the price has never reached that level, which may be due to a time lag in on-chain data statistics. Therefore, at present, $123 is the most noteworthy main chip position. The distribution of positions at this price level will largely determine the market direction moving forward.