Solana ETFs just bled money for a fifth straight week. So why are traders piling into SOL leverage on the way down?
SOL sits near $87, roughly 70% below its $294 record and about 20% lower in 30 days. Spot ETFs shed nearly $170 million over five weeks, $26 million last week alone. Institutions are quietly stepping back.
What most people miss: on OKX, open SOL contracts rose about 24% in two weeks while price slid from $101 to $86. Most Binance futures accounts still lean long. That isn't capitulation. That's a crowd still trying to catch the knife.
Real bottoms usually arrive when longs give up, not when they double down. Daily RSI near 26 says oversold, but oversold can stay oversold.
Levels: $85 is the line, then $77.60. Reclaim $90.40 and this breakdown starts to look like a bear trap. Tuesday's CPI sets the mood.
Is this a base, or one last shakeout?
Not financial advice.
#Solana #SOL #CryptoETF #CPI #CryptoMarket $SOL
SOL sits near $87, roughly 70% below its $294 record and about 20% lower in 30 days. Spot ETFs shed nearly $170 million over five weeks, $26 million last week alone. Institutions are quietly stepping back.
What most people miss: on OKX, open SOL contracts rose about 24% in two weeks while price slid from $101 to $86. Most Binance futures accounts still lean long. That isn't capitulation. That's a crowd still trying to catch the knife.
Real bottoms usually arrive when longs give up, not when they double down. Daily RSI near 26 says oversold, but oversold can stay oversold.
Levels: $85 is the line, then $77.60. Reclaim $90.40 and this breakdown starts to look like a bear trap. Tuesday's CPI sets the mood.
Is this a base, or one last shakeout?
Not financial advice.
#Solana #SOL #CryptoETF #CPI #CryptoMarket $SOL
