$SOL is testing patience, with two notable Long sweeps in 15 minutes on the evening of 05/10. 🤓
Specifically: at 21:35, OI fell by 1.08% (with a 0.68% price drop), sweeping 11.2M $SOL Long positions. Then at 21:20, another 0.98% drop in OI (with a 0.37% price drop) swept 10.3M $SOL Long positions. In total, more than 21.5M $SOL Long positions “surrendered” as the price fell and OI evaporated. A classic sign of Longs being flushed out. 😐
Some Long liquidity has been swept, but selling pressure remains. Has the decline in OI run its course, or is it just pausing before the next sweep? More observation is needed. 📐
A choppy move of just 0.3–0.6% swept millions of dollars in OI—clear evidence of high leverage. Manage your capital carefully and avoid rushing to catch a falling knife.
After these sweeps, will $SOL break resistance or keep holding losing positions? 👀 $SOL
#Write2Earn #BinanceFutures #MarketUpdate
(Not investment advice—do your own research)
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Specifically: at 21:35, OI fell by 1.08% (with a 0.68% price drop), sweeping 11.2M $SOL Long positions. Then at 21:20, another 0.98% drop in OI (with a 0.37% price drop) swept 10.3M $SOL Long positions. In total, more than 21.5M $SOL Long positions “surrendered” as the price fell and OI evaporated. A classic sign of Longs being flushed out. 😐
Some Long liquidity has been swept, but selling pressure remains. Has the decline in OI run its course, or is it just pausing before the next sweep? More observation is needed. 📐
A choppy move of just 0.3–0.6% swept millions of dollars in OI—clear evidence of high leverage. Manage your capital carefully and avoid rushing to catch a falling knife.
After these sweeps, will $SOL break resistance or keep holding losing positions? 👀 $SOL
#Write2Earn #BinanceFutures #MarketUpdate
(Not investment advice—do your own research)
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