Top trader Eugene Ng Ah Sio analyzed the current market situation on social media as follows: Speculative long positions in October were largely wiped out. 2. Believe that most people intend to be risk-averse in the election a week or so after November 5th. This catalyst only brought the time forward by a few days (which is why I was on the defensive a few days ago.) 3. Considering everything happening on Solana today, SOL is undoubtedly the clear asset choice since the AI memecoins craze. 4. From a technical analysis perspective, SOL retests a 6-month resistance level and transforms it into support after showing extreme relative strength, which is the point to buy. Now that the positioning is clear and prices have risen sharply, we believe we can continue the upward trend after the election.