On Jupiter Perps, bets on lower prices are the smaller book. Even so, Solana shorts already use 66.6% of the pool's capacity set aside for shorts, the most used market on the venue as of Nov 2. Ether and Bitcoin shorts show the same 66.62% reading.
Longs still hold most of the money. They total $78.8M against $17.3M in shorts, which means 82% of open positions bet on higher prices. Solana longs alone hold $49.1M, with Solana at $91.96 after a 2.04% drop over 24 hours.
The JLP pool, made up of liquidity providers who take the other side of these trades, holds $797.3M and earns 11.13% a year.
Longs still hold most of the money. They total $78.8M against $17.3M in shorts, which means 82% of open positions bet on higher prices. Solana longs alone hold $49.1M, with Solana at $91.96 after a 2.04% drop over 24 hours.
The JLP pool, made up of liquidity providers who take the other side of these trades, holds $797.3M and earns 11.13% a year.
