Solana (SOL)
💳According to Coinglass, the open interest for Solana reached $7.9 billion in July, the highest level since January 2025, when SOL was priced at $294.
💳The liquidation map for SOL shows a clear imbalance between long and short positions. Most traders are betting on short-term price increases, investing capital and leverage in long positions.
💳As a result, the total volume of liquidations on long positions could reach $1 billion if SOL falls below $150. This would indicate a decline of more than 10% from the current price of $167 at the time of writing.
💳FTX withdrew nearly 190,000 SOL worth about $31 million from staking. This move comes amid increasing pressure from creditors, raising concerns about its impact on the market
