According to the latest Data By Coinglass, the current open interest of Solana derivatives (SOL) is $ 6.88 billion, an increase of 4.03 % over the previous day. This may indicate that new people are investing in Sol, in the hope that its price will rise.
In addition, contracts derived from Solana were traded at $ 11.65 billion, an increase of more than 5.46 % over the previous day. This height means that more individuals are trading Sol, indicating that interest in this cryptocurrency rises.
The long/short ratio is another important point; It records the direction of investors who expect to increase the Sol (long) price or decrease (short). Currently, the number is 0.944, so a greater number of merchants are ready to put money on low prices.
However, at the highest exchanges like Binance and OKX, it’s a completely different story. Binance 3.1806, and on OKX, reaches 3.111, indicating that more traders put their money at a high price.
However, the liquidation varied. During the past hour, long positions lost $ 1.216 million, and short positions lost $ 6.64 million, noting a possible ascending trend. There are also times when trends move down. There was a decrease in the size of 44.84 % in the options market to 958.68 thousand dollars.
You may also like
This can indicate that many merchants do not believe in significant prices, so they choose to stay more stable with Sol. Coinglass data indicates growth potential, especially on Binance and OKX, while the increasing size and open attention encourage encouraging signs.
Seoul sees a short -term decrease in active trading
At the same time, Coinmarketcap Data He explains that Sol witnessed a decrease of 4.31 % over the past 24 hours, as it has been circulated at $ 149.48 at the time of writing this report. Solana has a “profile degree” by 66 %, indicating that the platform has the ability to improve.
Monitoring the network improvements and changes in the ecosystem of merchants can help anticipate price fluctuations and the rate of people who use the currency.
The Sol price has fluctuated between $ 157.50 and $ 148.00 these days. Thus, those who focused on Solana Defi and NFT activity may look at withdrawal as an opportunity to enter at a cheaper price.
Solana’s whales have been making large movements in recent times. Whale alert data showed that 661,113 Sol was transferred with an unidentified portfolio to another unidentified wallet.
