$120 RECLAIM INCOMING? $SOL SPOT BUYERS ARE ABSORBING THE SELLING
The $SOL flow setup is getting interesting. Futures have turned heavily negative, with net outflows reaching -$19.07M over 4H and -$15.09M over 1H.
But spot is telling a different story.
Spot flows are still positive, with +$8.10M over 4H and +$1.23M over 15M.
While leveraged traders are cutting positions, spot buyers are stepping in and absorbing the pressure.
Price has bounced from around $117 and is now testing the $120 area again.
If $SOL can reclaim and hold $120, this spot-vs-futures divergence could support another move higher.
#SOLUSDT
The $SOL flow setup is getting interesting. Futures have turned heavily negative, with net outflows reaching -$19.07M over 4H and -$15.09M over 1H.
But spot is telling a different story.
Spot flows are still positive, with +$8.10M over 4H and +$1.23M over 15M.
While leveraged traders are cutting positions, spot buyers are stepping in and absorbing the pressure.
Price has bounced from around $117 and is now testing the $120 area again.
If $SOL can reclaim and hold $120, this spot-vs-futures divergence could support another move higher.
#SOLUSDT
