Solana Dips Below $165 – But Long-Term Holders Are Quietly Buying the Dip

Solana Dips Below $165

Solana (SOL) recently slipped below the $165 price mark, sending shockwaves through the crypto trading community. While this dip has alarmed many short-term traders, seasoned investors are not flinching. In fact, long-term holders are actively accumulating more SOL, signaling confidence in a future rebound.

Long-Term Accumulation is on the Rise

According to on-chain data from Glassnode, the Hodler Net Position Change for Solana has surged by 102% since July 30, 2025. This metric tracks the 30-day net change in holdings by long-term wallets and is a reliable indicator of accumulation behavior.

Despite price weakness, more SOL tokens are being moved into cold wallets and long-term storage, signaling a strategic shift rather than panic selling.

This move reinforces a key narrative: smart money is buying, not selling.

Capitulation Signals a Potential Bottom

Another bullish signal comes from Solana’s Realized Profit/Loss Ratio, which plunged to 0.15 on August 2—its lowest level in over a month. This ratio reveals that most recent sellers exited at a loss, a classic capitulation signal.

Historically, when losses dominate the market, it often marks the final phase of a downtrend—right before a rebound begins.

Such scenarios suggest that weaker hands have exited, and the selling pressure may be nearing exhaustion.

Technicals Hint at a Reversal

Although Solana is facing short-term turbulence, technical indicators are starting to shift in favor of the bulls.

The Relative Strength Index (RSI) currently sits at 41.65, nearing oversold territory. This level often precedes buying interest and short-term reversals.
The On-Balance Volume (OBV) indicator has flattened, signaling a slowdown in selling momentum.

Together, these metrics indicate that bearish momentum is weakening, and a base may be forming for Solana to regain upward traction.

Outlook: Smart Investors Are Holding Strong

While SOL's price remains volatile, long-term on-chain trends paint a different picture—one of resilience. With signs of capitulation and consistent accumulation from experienced holders, the foundation for a future price recovery may already be in place.

If current market sentiment shifts and buyers step back in, this pullback could be remembered as a prime accumulation opportunity for long-term gains.