Solana futures open interest nears all-time high — Will SOL price follow?
SOL futures data shows a sharp uptick in leverage use, but SOL’s negative funding rate raises doubts on whether traders are bullish or bearish.
Key points:
Solana held the $140 support level for a week, a first in more than two months, highlighting traders’ growing confidence.
SOL futures open interest hit $5.75 billion on April 30, showing strong institutional interest.
