$SOL funding rate turns positive, up 0.8% in 24 hours; market turning point may be near
$SOL is up 0.8% over the past 24 hours, currently trading at $110.17. The funding rate in the derivatives market has turned positive, with open interest holding at 0.94B USDT and the long/short ratio at 2.428. $SOL ranks seventh on CoinGecko’s Trending list, and the Fear & Greed Index is 64/100. The market remains cautious, and a turning point may be approaching.
Data sources: CoinGecko Trending / Binance
$SOL is up 0.8% over the past 24 hours, currently trading at $110.17. The funding rate in the derivatives market has turned positive, with open interest holding at 0.94B USDT and the long/short ratio at 2.428. $SOL ranks seventh on CoinGecko’s Trending list, and the Fear & Greed Index is 64/100. The market remains cautious, and a turning point may be approaching.
Data sources: CoinGecko Trending / Binance