As the Meme Coin scandal continues to mount and market sentiment retreats, traders are increasingly bracing for a drop in SOL. According to data service Coinalyze, on February 17, the long-to-short position ratio on cryptocurrency futures exchanges fell from 4 to 2.5, indicating that the overall market tends to be bearish on SOL.
"The market has decided to vent its anger on Solana," Tyler Durden, an anonymous crypto KOL, wrote on X. Citing data from the Ernest & Young futures trading platform, Durden said Binance's short-to-long SOL position ratio had risen to 4:1, indicating too much bearish bets.
Under the influence of the meme currency turmoil, the SOL long-short position ratio in the futures market fell from 4 to 2.5, indicating that the market turned bearish
2025-02-18 01:14:55
With meme scandal constantly increase market sentiment fall backdesk3cryptocurrencydesktopCrypto News
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