# Solana traders are bailing en masse as futures bets collapse 30% — ride the crypto selloff down

_AI-generated trading idea · SHORT · SOL_

> Canonical page: https://commonquant.ai/research/for-you/solana-traders-are-bailing-en-masse-as-futures-bets-collapse--6e343296-b8cf-48ed-b491-85f8f77ed2d6

Bets on Solana's price going higher have collapsed by 30% this month as traders abandon the coin. Solana is currently hovering around $80 and analysts think it could fall to $68 or lower.

## Idea

When the number of open bets (futures contracts) on a cryptocurrency drops 30% in a single month, it means traders are giving up — they're closing their positions and leaving. That kind of exodus usually precedes more selling, not a bounce. Solana is already weakening near $80, and without buyers stepping in, the next natural stopping point is around $68. In crypto, once sentiment turns sour and the crowd leaves, prices tend to keep sliding until something fundamental changes. Nothing in the current news suggests a catalyst to reverse this slide.

## Key details

- Symbols: SOL
- Timeframes: H4
- Tags: \#crypto, \#bearish, \#momentum

## Community

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## News sources

- [Solana open interest drops 30% as altcoins slump: Is $68 SOL next?](https://cointelegraph.com/markets/solana-open-interest-drops-30-as-68-retest-comes-back-into-play) — Cointelegraph

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