Solana（Sol）市場冷卻：這就是可以喚醒它的

SOL目前在其交易量中遇到了顯著的平息，其中關鍵的鏈度指標表明“冷卻”或“中性”階段。

Solana (SOL) has been experiencing a lull in trading volumes, which is cooling or neutral according to key on-chain metrics.

Solana（Sol）一直在貿易量的平息，根據關鍵的鏈界指標，這是冷卻或中性的。

What Happened: A recent report by blockchain analytics firm CryptoQuant suggests that this apparent quietude might not be a sign of fading momentum, but rather a strategic period of calm before a potential market surge, fueled by upcoming catalysts.

發生的事情是：區塊鏈分析公司最近的一份報告表明，這種明顯的安靜可能不是衰落的勢頭的跡象，而是一個戰略性的平靜時期，在潛在的市場激增之前，即將到來的催化劑助長了。

CryptoQuant’s “Solana: Spot Volume Bubble Map” and “Solana: Futures Volume in Bubble Map” reveal the current market sentiment.

加密量的“ Solana：Spot Volume Bubble Map”和“ Solana：Bubble Map中的期貨量”揭示了當前的市場情緒。

These visual tools illustrate total trading volume across exchanges, with the size of each bubble representing volume magnitude and its color indicating the intensity of change:

這些視覺工具說明了跨交易所的總交易量，每個氣泡的大小代表體積幅度及其顏色表示變化的強度：

Currently, the Spot Volume Bubble Map predominantly displays a green (Cooling) trend, signifying a decrease in trading activity on spot markets. Simultaneously, the Futures Volume Bubble Map shows a gray (Neutral) phase, indicating little change in derivatives trading. Both charts stand in contrast to past periods of “overheating” (red bubbles) that typically accompanied significant price movements.

目前，現貨量氣泡地圖主要顯示出綠色（冷卻）趨勢，這表明現貨市場上的交易活動減少。同時，期貨體積氣泡圖顯示了灰色（中性）階段，表明衍生品交易的變化很小。這兩個圖表都與過去的“過熱”（紅色氣泡）的時期相反，該時期通常伴隨著重大的價格變動。

At first glance, a decrease in trading activity might appear as a weakening of momentum. However, CryptoQuant’s analysis offers an alternative perspective: “But in reality, this deceleration can be an early-stage opportunity — especially when it coincides with an upcoming catalyst.”

乍一看，交易活動的減少可能是勢頭的減弱。但是，CryptoQuant的分析提供了另一種觀點：“但是實際上，這種減速可能是一個早期的機會，尤其是當它與即將到來的催化劑一致時。”

One such pivotal catalyst currently generating buzz in the crypto community is the potential approval of a Solana Spot ETF. This prospect was recently hinted at by Bloomberg analyst James Seyffart, adding weight to the speculation. The report draws a compelling parallel: “Low volume → ETF rumors → explosive moves,” suggesting a historical pattern where quiet markets, when paired with significant regulatory news, precede substantial price rallies.

當前在加密群社區中引起嗡嗡聲的關鍵催化劑是索拉納斑ETF的潛在認可。彭博分析師詹姆斯·塞法特（James Seyffart）最近暗示了這一前景，這增加了猜測。該報告提出了一個引人注目的相似之處：“低音量→ETF謠言→爆炸性動作”，提出了一種歷史模式，即安靜的市場與重要的監管新聞搭配，先於大量的價格集會。

“Therefore, this period of subdued activity across both Solana’s spot and futures markets might not be a red flag. Could it be the calm before next the Sol Summer storm?” the report continues, posing an intriguing question that hints at a potential accumulation or consolidation phase ahead of a significant price event, which could be triggered by the materialization of an ETF approval or other major developments for the SOL ecosystem.

“因此，在索拉納（Solana）的現場和期貨市場中，這一時期的活動可能不是一個危險的旗幟。下一步是Sol Summer Storm之前的平靜嗎？”該報告繼續提出一個有趣的問題，該問題暗示了重大價格事件之前的潛在積累或合併階段，這可能是由ETF批准或SOL生態系統的其他主要發展觸發的。