According to Milk Road (@MilkRoadDaily), the Dune Index, which aggregates fees, transfer volume, and transaction count, has displayed consistent onchain adoption growth since 2021. Each decline in the index has aligned closely with broader market corrections. The current dip in the index mirrors the patterns observed during the 2023 and 2024 corrections, suggesting a cyclical trend. Traders should note that previous similar dips were followed by significant recoveries, indicating a potential opportunity if historical trends persist (source: Milk Road on Twitter, May 4, 2025).

According to Flood (@ThinkingUSD) on Twitter, Solana (SOL) may experience a rapid drop back to the $30 price level, indicating minimal support above this range and suggesting potential volatility for traders (source: Twitter, April 30, 2025). The commentary references a 'beachball underwater' pattern, implying that recent upward momentum could reverse sharply, making $30 a critical support for short-term trading strategies. Traders should monitor order book depth and liquidity zones near $30 to identify possible bounce or breakdown scenarios.

According to KookCapitalLLC on Twitter, traders are being cautioned to avoid repeating past mistakes during the current crypto market cycle. The post implies a significant correction risk, urging market participants to use risk management strategies such as stop-loss orders and position size adjustments to mitigate potential losses. This warning is particularly relevant as similar price action in previous cycles led to rapid liquidations and sharp downturns, as documented in historical trading data (source: @KookCapitalLLC, April 26, 2025).

According to AltcoinGordon, JPMorgan has indicated a potential correction in the crypto market, pointing to a decline in Bitcoin and Ethereum demand on the CME futures market. Additionally, institutional investors are taking profits, and key US crypto initiatives are delayed until the second half of 2025, which could extend the bull run.