# Solana traders fleeing as futures collapse 30% — short the slide toward $68

_AI-generated trading idea · SHORT · SOL, SOL-_

> Canonical page: https://commonquant.ai/research/for-you/solana-traders-fleeing-as-futures-collapse-30-short-the-slid--8af333a6-c69b-41e1-9bbc-a54008afe9ea

Traders are rapidly pulling their bets on Solana, with futures positions dropping 30% in May alone. The price is weakening near $80, and analysts say $68 could be the next stop.

## Idea

When a third of all leveraged positions in an asset disappear in a single month, it means traders are giving up en masse — a very bearish signal. Solana's price has been sliding toward $80, and without those leveraged bulls providing support, the path of least resistance is lower. The $68 level was a prior floor and is now acting like a magnet. This kind of capitulation setup often leads to sharp further drops before any meaningful recovery, especially in crypto where momentum tends to overshoot. The one risk is a short squeeze if the US-Iran truce news lifts all risk assets, so a tight stop is essential.

## Key details

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

## Community

- Upvotes: 0
- Views: 0
- Copies: 0
- Cosigns: 0

## 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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