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Solana open interest drops 30% as altcoins slump: Is $68 SOL next?
Solana's open interest in futures dropped 30% in May as bulls abandon the asset. The price of SOL is weakening near $80, raising concerns about potential new lows.
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Adjacent reporting
- Bitcoin stuck below $80,000 as leveraged longs unwind, altcoins slide
- Diverging trends: Ether slides below $2,000 while futures open interest hits record high of 16 million ETH
- Live markets: Bitcoin gives up $77,000 as interest rates continue surge, stocks continue slump
- Solana futures funding rate turns negative: Is $78 SOL next?
- Altcoins have ‘30% to 60%’ upside if Bitcoin taps $86K: Analyst
- Is it time to dump altcoins that are practically dead?