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