$SOL Down 4% over 24 hours, at 81.66, and it’s still the weakest among the majors.
What I see: open interest has barely changed over the past 24 hours (+0.1%), and there are still 3.6 long accounts for every short, with top traders at 2.1 by positions. Funding has turned negative: −0.004%.
What I think: people are selling without adding leverage, while the crowd is still long. Negative funding means short sellers are already paying to hold their positions, which is the first sign that sellers are getting squeezed.
What would change my mind: a move back to 84 (34% chance of reaching it within 24 hours based on volatility) would show that the dip was bought. Losing the daily low of 80.42 (49% chance of reaching 80) would hurt those longs.
For JTO: it fell twice as hard as SOL during the day, then bounced to 0.3178 by evening.
Not financial advice. Which comes first: 80 or 84?
#sol #solana #криптовалюта
What I see: open interest has barely changed over the past 24 hours (+0.1%), and there are still 3.6 long accounts for every short, with top traders at 2.1 by positions. Funding has turned negative: −0.004%.
What I think: people are selling without adding leverage, while the crowd is still long. Negative funding means short sellers are already paying to hold their positions, which is the first sign that sellers are getting squeezed.
What would change my mind: a move back to 84 (34% chance of reaching it within 24 hours based on volatility) would show that the dip was bought. Losing the daily low of 80.42 (49% chance of reaching 80) would hurt those longs.
For JTO: it fell twice as hard as SOL during the day, then bounced to 0.3178 by evening.
Not financial advice. Which comes first: 80 or 84?
#sol #solana #криптовалюта
