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AI-generated trading idea · SHORT · SOL
Solana traders fleeing in droves as price weakens — bet on further downside toward $68
Bets on Solana's price going higher have collapsed by 30% this month as traders unwind their positions. The token is weakening around $80, and analysts think $68 is the next likely stop.
Idea
When leveraged traders abandon a cryptocurrency en masse, the selling pressure tends to snowball. Solana's futures open interest just plunged 30% in a single month, meaning thousands of bullish bets have been closed out. Yet the price is still sliding — currently hovering near $80 with analysts pointing to $68 as the next magnet. That combination of evaporating bullish conviction and a weakening price trend has historically preceded further drops in altcoins. Betting against Solana here means positioning on the side of the exiting crowd.
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