Solana traders are bailing en masse — $68 could be next stop
Bets on higher Solana prices are evaporating fast — the amount of money tied up in SOL futures contracts dropped 30% during May alone. With the price weakening near $80 and traders fleeing, many analysts think Solana could slide toward $68 or lower.
Idea
When a third of all futures bets on Solana vanish in a single month, it tells you large traders are giving up — not temporarily shaking out, but genuinely unwinding. That kind of deleveraging removes the buying fuel needed for a rebound. The price is already struggling near $80, and without those leveraged longs propping it up, the next real support level sits all the way down around $68. This isn't just a bad week for Solana; it's a structural shift where the biggest optimists have already walked away. Trends like this tend to feed on themselves as remaining holders see the exodus and decide to sell too.