SOL today repeatedly fluctuated around the 122 level. Behind the seemingly calm surface, the market landscape is quietly shifting. The real turning point came with the Bank of Japan's signals of interest rate hikes.

Why would the actions of the Bank of Japan affect SOL's nerves? The logic is actually simple—an interest rate hike by the central bank essentially tightens liquidity, which means the dollar will accelerate its return. The crypto market is most sensitive to capital flows, especially during moments when global liquidity suddenly shifts. As one of the most watched mainstream cryptocurrencies, SOL cannot avoid this wave of impact.

When the central bank begins to signal tightening, risk assets worldwide are the first to be affected. The high volatility characteristic of the crypto space means it reacts fastest to such policy changes. The key level of 122.24 is not arbitrary—it sits right at the balance point between bullish and bearish forces.

Tonight's market direction will directly depend on further confirmation of liquidity expectations. Once the signals become clear, it will be difficult for SOL to continue oscillating in place. Whether it moves up or down depends on how the market digests this heavyweight bomb from the Bank of Japan. Key levels are often the easiest to break through—be prepared.