Solana’s SOL Futures Rack Up $1B in Record Bullish Bets
The present bias towards long positions means potential for a long squeeze, where investors who hold long positions feel the need to sell into a falling market to cut their losses.
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The present bias towards long positions means potential for a long squeeze, where investors who hold long positions feel the need to sell into a falling market to cut their losses.
With the majority of assets in the cryptocurrency sector back into bullish mode, headed by the industry’s representative, Bitcoin (BTC), … Continue reading
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The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.
The phrase is only rolled out when things break on the popular blockchain.
Cryptocurrencies are problem-solving tools, more than volatile speculative assets that can reward investors. Actually, the biggest rewards exist by finding … Continue reading
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CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.
The Solana ecosystem boomed in December as bonk tokens started a multiweek run of over 1,000%, grabbing listings on influential exchanges Binance and Coinbase.
Traders were moving capital from SOL to stablecoins suggesting profit taking, one analyst said in an interview.
Solana co-founder Anatoly Yakovenko. (Danny Nelson/CoinDesk)
Memecoin traders and airdrop farmers are bringing more attention to Solana.