The more chaotic the market, the more you need to stay clear-headed.

In the past two days, looking at the market, SOL has dropped directly to around $123, down over 4% intraday, and the entire community is freaking out. But have you noticed a strange phenomenon? While the price is falling, discussions about SOL on social media are more active than ever, with search interest soaring over 60%.

This is not a coincidence; the market is speaking.

**Retail investors' true emotions cannot be hidden**

In the past two days, search terms like "Can I buy the dip on SOL" and "Should I cut losses" have exploded, accounting for a large portion of total searches. The more it drops, the more panicked people become, and the more they search — this is a true reflection of retail investors. But think about it from the other side: when panic emotions accumulate to this extent, what does it usually mean? A turning point might be near. The main players prefer to quietly shake out positions at such moments.

**Institutions are secretly building positions**

This is the most telling part. Since the launch of the Solana spot ETF, there has been no sign of capital outflow. By the end of December, the total net assets had accumulated to $918 million. Just last week alone, there was a net inflow of $13.14 million.

The price is falling, yet money is flowing in. What does this indicate? Institutions are not concerned with short-term fluctuations; they are looking at Solana’s long-term ecosystem potential. While you’re worried about whether it will drop today, they have been quietly adding to their positions during the decline.

This divergence between price and capital flow actually reflects the opposition between smart money and retail sentiment. Next time you see a big drop, consider pausing to observe the capital flow — sometimes, this reveals the truth more than candlestick charts.