Friday’s market rebound saw varied interest from traders among Bitcoin [BTC], Ethereum [ETH], and Solana [SOL]. SOL trailed others in Open...
. SOL trailed others in Open Interest rates, which track interest from Futures traders and overall liquidity injection. SOL saw only $1.7B in OI, compared to BTC’s $12B and ETH’s $5.3B.
In fact, the aggregated Spot Cumulative Delta trended lower. This highlighted that SOL’s selling volumes eclipsed its buying volumes, indicating that short sellers hiked as SOL surged towards $140. Despite the short bets from retail traders, smart money on Binance doubled down on long positions. In fact, according to Binance Top Trader Long/Short Ratio, long positions accounted for 60% of all positions.
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