Investors are massively taking short positions on the crypto Solana (SOL) as the ecosystem faces a series of scandals related to memecoins. Data from exchange platforms reveal a significant increase in bearish bets.
On Monday, the Solana futures markets experienced a spectacular turnaround. Coinalyze data shows that the ratio of long to short positions dropped sharply from 4 to 2.5, signaling a radical shift in investor sentiment.
The situation is even more critical on Binance, the world leader in cryptocurrency exchanges, where traders are betting four times more on the downside than the upside.
Investors are massively taking short positions on the crypto Solana (SOL) as the ecosystem faces a series of scandals related to memecoins. Data from exchange platforms reveal a significant increase in bearish bets.
On Monday, the Solana futures markets experienced a spectacular turnaround. Coinalyze data shows that the ratio of long to short positions dropped sharply from 4 to 2.5, signaling a radical shift in investor sentiment.
The situation is even more critical on Binance, the world leader in cryptocurrency exchanges, where traders are betting four times more on the downside than the upside.
