Solana traders are bailing en masse — fade the weakness as SOL slides toward $68
Betting activity around Solana has collapsed, with futures positions dropping 30% in May alone. The price is sliding toward $80, and analysts see $68 as the next likely stop — a level not seen in months.
Idea
When futures betting activity dries up this dramatically — down 30% in a single month — it means traders are closing positions and heading for the exits, not just pausing. Solana's price is already weakening near $80 with no meaningful support cushion beneath it until the $68 area. In crypto, once speculative interest abandons a coin and the leveraged longs are washed out, the selling tends to feed on itself as remaining holders panic. The broader risk-off tone from geopolitical tensions and a potential Fed rate hike discussion only adds weight to the downside.