⚠️ Solana Funding Rates Turn Negative – Is This the Calm Before the Storm?
Solana is flexing hard near $180... but the derivatives market just threw a curveball.
Despite SOL’s explosive +95% rally since April, funding rates just dipped into negative territory — currently at -0.0002% (Glassnode data).
That means: short sellers are PAYING to stay short. 👀
And get this — Solana is the only top 10 crypto (excluding stablecoins) showing this bearish signal right now.
🤔 What Does It Mean?
This kind of divergence — bullish spot action vs bearish funding rates — could go two ways:
Bulls fight back → resistance flips → $200+ incoming 💥
Shorts win → correction back toward $165–170 support range 📉
But with weekly structure turning bullish (above 34 EMA + reclaiming 50-week SMA), this could be a shakeout… not a breakdown.
💬 Should We Get SOL Now?
I say YES — but stay alert.
SOL is at a decision point. Either we break out of the $180–$185 zone and moon… or we dip for a final leg of accumulation.
Binance Futures Sentiment is worth watching closely here. The next move sets the tone for JUNE.