Whale 🐳 Activity : Huge #SOL inflow to Coinbase.

#SOL failed to break 22$ resistance on 6th July & created long upper wick in 1D TF . #SOL price expected to fall back to 17$ support & if #SOL start recovery from this support then we can see #SOL to reach the next resistance level at $26 .

🔥$169.9M Liquidated in last 24 Hrs.

Long Liquidation : $38.7M 📈

Short Liquidation : $131.2M 📉

📊High Liquidations : (#Binance)

Longs : #BTC $4.8M, #ETH $2.9M, #SOL $2.1M, #TRB $844.0K

Shorts : BTC $17.4M, ETH $16.6M, SOL $2.3M, DOGE $1.5M

Altcoin prices can benefit indirectly

When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.

The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.

The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including  #SOL , #ADA , #MATIC

projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.

#SOL Position 🔥