🚨🧨🔥🔥🔥🔥$SOL th futures directly went under the spot market; the basis flipped negative and it’s sticking tight, 💥💥💥🔥contract-end money already caved—if you ask me, these contract signals are the most tangible: derivatives are all giving spot a discount and dumping it.
.💥💥💥 This chart isn’t basing—it’s leaking air. In the four-hour direction, it’s still heading straight down. The funding rate is still stubbornly positive; the longs are trapped while also paying to keep the funding fee alive.
💥💥💥💥🔥Damn it—big spot orders are still net-running out within fifteen minutes. On the order book, sell orders are pressing down on buy orders; buys can’t even get picked up anymore—layer after layer covering layer after layer. Catching this kind of bottom is basically lifting the sedan chair for the big players.
$SOL