$SOL Current price: 96.15, down 0.43% in 24 hours. $BTC 77595 Barely budged all day.
What matters isn’t that 0.81%—it’s how well the 92.25 hole is being filled.
At 8 a.m. on October 30, it plunged to 92.25, rebounded to 98.54, then fell back to 93.51.
The lows are rising, while the highs are falling.
Over the same period, open interest climbed from 8.279 million contracts to 8.730 million, up 5.45%. The price only recovered from 92.25 to 95.83, up 3.88%.
That extra half a percentage point in contract volume compared with the price means someone is using leverage to buy the dip, with no new money coming in to lift it higher.
The money is back. The volatility is gone.
Keep an eye on 96.99: hold above it and the next level is 98.54. If it breaks below 92.25, these new positions will all be underwater.
Open interest doesn’t indicate direction, so I can’t tell whether these new positions are bulls buying the dip or bears keeping the price down.
If you’re holding SOL, did you add at that 92 dip or stay out of the way?
https://www.binance.com/zh-CN/futures/SOLUSDT
What matters isn’t that 0.81%—it’s how well the 92.25 hole is being filled.
At 8 a.m. on October 30, it plunged to 92.25, rebounded to 98.54, then fell back to 93.51.
The lows are rising, while the highs are falling.
Over the same period, open interest climbed from 8.279 million contracts to 8.730 million, up 5.45%. The price only recovered from 92.25 to 95.83, up 3.88%.
That extra half a percentage point in contract volume compared with the price means someone is using leverage to buy the dip, with no new money coming in to lift it higher.
The money is back. The volatility is gone.
Keep an eye on 96.99: hold above it and the next level is 98.54. If it breaks below 92.25, these new positions will all be underwater.
Open interest doesn’t indicate direction, so I can’t tell whether these new positions are bulls buying the dip or bears keeping the price down.
If you’re holding SOL, did you add at that 92 dip or stay out of the way?
https://www.binance.com/zh-CN/futures/SOLUSDT
