🔻 Solana Traders Brace for Sell-Off as Exchange Inflows Spike 💼

📉 Solana ( $SOL ) exchange inflows have surged to a 14-day high, hitting 31 million SOL. This uptick signals that many investors are preparing to offload holdings amid cooling market sentiment.

📊 Historically, rising exchange balances suggest selling pressure. Traders typically move assets to exchanges when planning to sell — a bearish indicator for SOL.

📉 Adding to concerns, SOL’s futures funding rate has turned negative (-0.0006%) for the first time in over a week. This shows that shorts are outpacing longs, reflecting growing bearish bets.

🧨 If this trend continues, SOL could drop below key support at $142.59, potentially targeting $123.49. On the flip side, a bullish bounce could push price back toward $171.88.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.