⚡ SOLANA: -22.9% IN 28 DAYS, WORSE THAN BITCOIN, AND ETFs STOPPED BUYING
SOL hit 28-day lows and fell below $82 on Coinbase. Solana spot ETFs recorded $31.9 million in net outflows in just two days (November 6 and 9). Bitwise BSOL accounted for $20.3 million, 64% of the total.
The key point: Solana is falling more than Bitcoin. When an altcoin loses more than the market during a correction, it means capital is leaving it faster. Open interest in perpetuals rose 4.55% to $832.5 million, but the price keeps falling. More positions, lower prices: the perfect recipe for another cascade of liquidations.
Are you going to bet that Solana regains its relative strength, or accept that the market is telling you something?
Click here to trade 👉🏻 $SOL
SOL hit 28-day lows and fell below $82 on Coinbase. Solana spot ETFs recorded $31.9 million in net outflows in just two days (November 6 and 9). Bitwise BSOL accounted for $20.3 million, 64% of the total.
The key point: Solana is falling more than Bitcoin. When an altcoin loses more than the market during a correction, it means capital is leaving it faster. Open interest in perpetuals rose 4.55% to $832.5 million, but the price keeps falling. More positions, lower prices: the perfect recipe for another cascade of liquidations.
Are you going to bet that Solana regains its relative strength, or accept that the market is telling you something?
Click here to trade 👉🏻 $SOL