$SOL is currently at 102.87, down 5.19% in 24h, with a trading volume of 305M. The long-short account ratio is 2.65, with more than twice as many longs as shorts, and open interest is up 8.2%. Retail traders are adding to their positions and buying the dip, but the price is still falling. The funding rate is still positive at 0.0037%, so longs are paying shorts. Trading volume in the past hour was only 0.1x the hourly average—there’s nobody stepping in to catch it. I’m watching the 24h low at 100.62; if it breaks with volume, these 2.65-ratio longs will be fuel.

#SOL #BinanceSquare #Crypto