$SOL Spot price: $72.20, rebounding 4.79% over 24 hours, with an intraday range of $67.41 to $73.28. Binance spot trading volume reached $349 million.
After a market-wide leverage flush over the weekend, SOL open interest (OI) shrank by more than 11% in a single day to $4.2 billion, while long positions suffered over $69 million in liquidations. Notably, funding rates across the market have remained slightly negative (−0.0008% to −0.0042%), indicating crowded short positions and rising costs for short sellers.
The liquidation heatmap shows over $28 million in short liquidation liquidity clustered in the $74.00–$75.00 range. A short-term break above resistance at $73.50 could trigger a short squeeze and further gains. Initial support lies at $68.50–$69.80, with a key strong defense at the $65.00 level. The market is currently in an intense battle between bulls and bears, so watch the direction of any breakout closely.
#SOL #Solana #Crypto
For market observation only; this does not constitute investment advice.
After a market-wide leverage flush over the weekend, SOL open interest (OI) shrank by more than 11% in a single day to $4.2 billion, while long positions suffered over $69 million in liquidations. Notably, funding rates across the market have remained slightly negative (−0.0008% to −0.0042%), indicating crowded short positions and rising costs for short sellers.
The liquidation heatmap shows over $28 million in short liquidation liquidity clustered in the $74.00–$75.00 range. A short-term break above resistance at $73.50 could trigger a short squeeze and further gains. Initial support lies at $68.50–$69.80, with a key strong defense at the $65.00 level. The market is currently in an intense battle between bulls and bears, so watch the direction of any breakout closely.
#SOL #Solana #Crypto
For market observation only; this does not constitute investment advice.