$SOL SOL futures funding rate turns negative: Is $180 the next stop?

Blockchain competitors and recent decisions by institutional investors chip away at Solana’s market share. Will this impact SOL price?

Solana's native token has not reached the $180 level since late May, raising doubts among traders about whether a bull run in 2025 is still feasible. The demand for leveraged long positions on SOL has dropped sharply, negatively affecting market sentiment.

On Monday, the SOL perpetual futures funding rate turned negative, indicating that short (sell) positions are in higher demand. Given that cryptocurrency traders are typically optimistic about price direction, this shift is relatively rare and signals a broad lack of confidence among bullish investors.