Home Guides Solana’s SOL Reaches Futures Positions That Preceded a 30% Drop in December

Solana’s SOL Reaches Futures Positions That Preceded a 30% Drop in December

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Solana’s SOL Reaches Futures Positions That Preceded a 30% Drop in December

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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, thereby creating a liquidation cascade. A similar build-up in late December peaked at $1.37 billion – preceding a drop from $120 to $83, or 30%, at the time.

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