Solana (SOL) Getting Shorted Heavily by Bears: Data

in SteemitCryptoAcademy • 11 months ago

Solana's market landscape is looking increasingly bearish, and the numbers do not lie. Aggregated open interest is surging, clocking in at a staggering 11.7 million. Meanwhile, the aggregated trading volume is taking a nosedive, and liquidations have spiked to 3,300 contracts. What's going on?

According to the most recent data, Solana is trading at $18.01. That is a far cry from its glory days, and it is not just retail investors who are feeling the heat. The DeFi landscape on Solana is also showing signs of strain, with liquidity and trading volumes dwindling.

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11 months ago in SteemitCryptoAcademy by
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