SOL On-Chain Chip Distribution | Holiday Liquidity Still Weak

From the URPD chip chart between January 1 and the morning of January 2, SOL's current main resistance level is around $123. This price range has accumulated over 36 million chips. In terms of market sentiment, on-chain activity remains sluggish.

Specifically, the $120-$129 range is the true battleground for chip turnover. Over the past 24 hours, more than 2.7 million chips have changed hands in this range. Although this is a decline from the over 5 million chips exchanged the previous day, trading activity remains considerable.

Looking at the holiday market performance, overall liquidity has indeed been suppressed. Chip distribution is relatively concentrated, with a large number of holdings stuck at high levels, and no clear breakout momentum has formed yet. On-chain sentiment remains weak, and in the short term, more inflow of capital may be needed.