According to Crypto Rover, several technical indicators now confirm the official start of the altcoin season, with major altcoins showing strong breakout patterns as of May 9, 2025 (source: @rovercrc on Twitter). Trading volumes for top altcoins like Ethereum, Solana, and Avalanche have surged, hinting at renewed investor interest and increased volatility. This shift is drawing capital away from Bitcoin dominance, creating lucrative trading opportunities for altcoin-focused portfolios. Crypto traders are advised to monitor sector rotations and breakout confirmations for maximizing gains during this bullish phase.

According to @KookCapitalLLC, Solana (SOL) has surged to $174, marking a significant bullish breakout and generating high trading activity across major exchanges (source: @KookCapitalLLC, May 9, 2025). This rapid price movement is driving increased spot and derivatives volume, with liquidations impacting short positions. Traders should closely monitor support and resistance levels, as volatility remains elevated and could influence altcoin sentiment market-wide.

According to @EmberCN, a major whale closed a short position of 115,000 SOL (worth $20.13 million) just before liquidation, suffering a realized loss of $1.05 million (-86%). The whale closed the position at $175 per SOL as the price approached the liquidation threshold. This significant short squeeze highlights strong bullish momentum for Solana, signaling potential risk for traders holding large short positions. Such large-scale liquidations often contribute to increased volatility and upward price pressure in crypto markets. (Source: @EmberCN via Twitter, Bitget)

According to @AltcoinGordon, Solana (SOL) is experiencing a strong upward price movement, indicating renewed bullish momentum in the crypto market. This rally follows a period of lower prices, suggesting that traders who exited at recent lows may have missed significant gains. The current surge is attracting increased trading volume and renewed investor interest, which could impact short-term trading strategies for both spot and derivatives markets (Source: AltcoinGordon on Twitter, May 9, 2025).