CandleFocus $100M in Shorts Suggest Solana (SOL) May Not Cross $235: Report
2025-01-29
Author: Content Editor
Solana (SOL) is gaining attention in the crypto market despite the ongoing decline. A whale recently moved 220,308 SOL worth $52 million from Bitfinex. Analysts see this as an accumulation by the whale amidst the price decline. Long-term holders are accumulating, while short-sellers hold over $100 million in short positions. Bulls hold $40 million in long positions, which could be liquidated if prices continue to decline. The current market sentiment is bearish.
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