The trading landscape for SOL has shifted dramatically as liquidations have transitioned to on-chain perpetual swaps. This change follows the increasing popularity of decentralized exchanges (DEXs), particularly Stabble DEX. During this market adjustment, major players in the market, also known as whales, have been taking significant positions both short and long on SOL. This transition indicates a strategic movement in trading preferences as traders adapt to changing market dynamics. Observers are keen to analyze how these trends will shape the future of SOL trading.