Bets on rising prices made up 82.7% of open positions on Jupiter, the Solana based perps venue, on Oct 11. Longs total $83.3M against $17.4M in shorts across SOL, ETH and BTC, backed by a $902.1M liquidity pool that pays its providers an 8% annual rate.
Solana carries most of the long side, with $58.5M long versus $9.1M short. BTC follows with $20.4M long and $5.1M short. ETH is the closest to balanced at $4.3M against $3.1M.
The tight spot is on the other side. The pool's capacity for short bets was 60.6% in use on all three markets. The SOL long side used only 13.4% of its capacity.
Solana carries most of the long side, with $58.5M long versus $9.1M short. BTC follows with $20.4M long and $5.1M short. ETH is the closest to balanced at $4.3M against $3.1M.
The tight spot is on the other side. The pool's capacity for short bets was 60.6% in use on all three markets. The SOL long side used only 13.4% of its capacity.