Solana is showing strength on both usage and volume. August recorded 5.2B non-vote transactions, a new all-time high and roughly 19% above July. Weekly spot volume also climbed back to around $5.2B. At the same time, positioning is heavily skewed long, with about $1.4B in long liquidation liquidity versus roughly $103M on the short side. That tells me two things at once: activity is genuinely strong, but leverage is getting crowded. If spot demand keeps absorbing that pressure, $SOL could stay resilient. If not, a leverage flush could get violent very quickly. Either way, the next move should be important.