Solana’s SOL futures volume more than doubled over 24 hours on major exchanges, with increases ranging from 108.6% on Bybit to 210% on Bitget. Despite this surge in activity, SOL’s price remains flat at around $75.30, suggesting a lack of strong directional demand. Trader positioning shows a significant long bias with long/short ratios between 2.42 and 2.71, making SOL vulnerable to liquidations. Approximately $6.07 million in positions were liquidated in one day, including $4.60 million in longs. The overall structure remains weak with SOL trading below its intermediate moving average at $78.10 and well below the long-term moving average at $89.26.
Source: Read the original article
