SOL longs aren’t lacking opportunities—it's just that their entry costs have already reached the ceiling.
On both Binance and OKX, the SOL funding rate has reached the 0.01%/8-hour cap. Based on this, longs pay about 0.03% of position value in fees per day. Total open interest is $5.181 billion, up another 0.65% in the past 24 hours—there’s no retreat in chasing funds.
The funding rate is capped and they keep piling into positions, which indicates that longs are crowded. Once the price stops rising, high-leverage long positions will take the first hit.
Will you keep chasing SOL, or wait for the funding rate to drop before entering?
$SOL $BTC
Check in real time: https://www.coinboss.com/zh/funding-rate