Weekend quick review of $XPL this trade, long position 126%+

That massive unlock of nearly 10 million USD at the end of February - most people's first instinct when seeing the news was to short blindly, but that's only first-level thinking.

The core reversal signal this time comes down to three words: can't push it down.

Such massive evident selling pressure came crashing down, yet the market didn't collapse. Instead, it rallied against the trend by over a dozen points. Once an extreme stress test like this passes, it means the blood chips at the bottom have already been picked clean. When shorts discovered they couldn't push it down, panic liquidations actually became fuel for the rally.

Actually, during this period sentiment and capital have been severely divergent. Retail traders are constantly staring at unlock calendars in panic, but check the on-chain data - cross-chain bridges quietly saw net inflows of over 4 billion USD, and Tether just issued another 50 million USDT on-chain. Smart money was quietly building positions in the shadows.

Coin price crashed 90% from the high and had been bottoming around 0.09. Once the biggest bearish catalyst was disproven by the market, we entered at 0.0943 - the downside defense space was extremely limited, and the risk-reward ratio was maxed out.

So-called exhaustion of bearish catalysts, and inability to push it down is the greatest bullish signal.