Binance’s Sonala (SOL) balance between August 2024 and March 2025 and was extremely characteristic of an accumulation pattern.
It was highest in August 2024, and dropped progressively from December 2024, to the low in early January 2025.
The fall fits the narrative that Binance offloaded Solana to create a price valley.
Starting from January 2025, the balance turned strongly to the positive side, rising sharply by March 2025.
This was a bullish accumulation signal since Binance was accumulating SOL again.
This was a good indication for SOL, as the price increases prior to Binance accumulation mean that such accumulation can drive SOL to new highs if there is a continuation of the trend.
Binance SOL balance | Source: Arkham
The breakdown pattern on the January 2025 high was also a sign of reversal from distribution to accumulation, in favor of a rise in Solana’s price.
If the balance started falling again, though, it would indicate fresh selling pressure.
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We współpracy z: https://www.thecoinrepublic.com/2025/03/16/binance-accumulating-solana-will-price-bounce/
