📉 Volume Decreases, Traders Start to Withdraw
According to data from Coinglass, the open interest volume and funding rate for SOL futures are weakening. Traders are starting to lose interest, while long-term investors are opting to wait for a clearer direction in the market.
This is exacerbated by the overall bleak sentiment in the crypto market, partly triggered by global geopolitical tensions that make investors reluctant to take high risks.