$100M in Shorts Suggest Solana (SOL) May Not Cross $235
In the continuous market decline, Solla (SOL) attracted the attention of encrypted enthusiasts due to the current price action within the daily range. On January 29, 2024, a blockchain -based trading tracker whale alert was released on X (previously Twitter). The 220,308 SOL of a encrypted whale whale was worth $ 52 million.
Crypto whale company moves 52 million US dollars of solids
After the opening clock in the US market, a large number of SOL transferred from the cryptocurrency exchange Bitfinex. However, analysts and experts believe that the transaction is the accumulation of whales because the price of assets has fallen sharply.
Although the potential of the whale is accumulated, Sol’s price Continuing its decline trajectory, it has struggled nearly $ 227 in the past 24 hours, down 2.56 %. According to the chain data of Coinglass, the emotions between traders are still from time to time, with a length/short ratio of 0.77. This shows that 57 % of top traders serve as short positions, while long positions are 43 %.
The businessman strongly loses feelings
However, as the chain analysis company revealed, not only the participation of participation also declined, but also the traders in the market also seemed to be betting. Small shopEssence
At the time of press release, the long/short ratio of SOL is 0.77, indicating that the trader’s decline is strong. Further data show that 57 % of top Sorana traders serve as short positions, while 43 % of people serve as long positions.
In combination with these chain indicators, it seems that potential long -term holders use the current price to decline. At the same time, traders in the market seem to be using main market emotions, which has caused famous bets.
Short position of SOL worth 100 million US dollars
The current market sentiment seems to be a decline. Short -selling cargo staff holds a bet worth more than $ 100 million in short votes at a price of $ 235.
At the same time, the Bulls seem to be exhausted, only $ 40 million in long positions at $ 215. If the emotions remain unchanged and the price continues to decline, this is easy to be liquidated.
