$SOL 1. Macroeconomic Suppression: The Federal Reserve signals a hawkish stance, actual interest rate expectations rise, risk assets collectively come under pressure, BTC and ETH weaken simultaneously dragging down SOL
2. Capital Flow: Spot ETF funds are diverted, institutional rebalancing is realized, active addresses and transfer volumes on the SOL chain decline slightly, insufficient incremental funds
3. Technical Analysis: The previous resistance level at 127 USDT faces pressure and falls back, entering a downward channel, triggering some stop-loss sell orders after losing the 100 USDT s