$SOL

Awaiting a Massive Solana Unlock Event, Whales Increase Sell Bets Will the Price Collapse

Solana (SOL) is facing increasing downward pressure as major investors intensify their bets on the price to fall, ahead of the anticipated unlock event on March 1, which will see 11.2 million SOL, worth an estimated $2.07 billion, released

The options market on Deribit has seen a brisk trade in Solana SOL, amid a significant increase in bearish bets from major investors

Over the past week, the total volume of Solana SOL block trades reached around $32.39 million, equivalent to about 25% of the total options trades on the platform, which amounted to $130.74 million, according to Amberdata data

This comes amid a significant decline in Solana network activity and a 46% price decline over the past few weeks The past five, raising questions about the market’s ability to absorb this liquidity without further decline

What is the significance of large block trades in Solana SOL options contracts

Options are derivative financial instruments that give the buyer the right (but not the obligation) to buy or sell the underlying asset – in this case SOL at a pre-agreed price, and on a specific date

Large block trades in the options market refer to large transactions conducted between particularly large investors, outside the traditional order book.