$SOL Contract Data Review: Over 24 hours, open interest rose by a net 8.77%, while the price fell 4.74%. Open interest is worth approximately $933 million.
Who’s in the more vulnerable position? For now, it may be the longs, while shorts seem to still be adding to their positions. But these shorts were opened throughout the decline, so if the price rebounds, the shorts will be the ones under pressure.
Who’s in the more vulnerable position? For now, it may be the longs, while shorts seem to still be adding to their positions. But these shorts were opened throughout the decline, so if the price rebounds, the shorts will be the ones under pressure.