Solana's open interest on Hyperliquid's SOL-USD perpetual contract surged to $638.1 million following a 44.9% price rebound from $75.34 on August 14 to $109.18 by August 27. This rise reflects strong leveraged trading activity, with whale wallets showing a majority of long positions and average leverage nearing 19 times. SOL has cleared its 50-day, 100-day, and 200-day moving averages, signaling bullish momentum, but the daily RSI near 73.4 suggests short-term overbought conditions. Key support at $101.59 and resistance around $105.48 to $110.60 will be critical in determining if the rally continues or if a pullback to $92.82-$90 occurs. The high leverage and crowded long positions increase the risk of rapid liquidations, making upcoming price moves particularly volatile.
Bitcoin surged 26% to $81,455 but corrected to around $78,019 after Fed Chair Kevin Warsh signaled persistent inflation and potential rate hikes. This triggered market repricing, causing Bitcoin and altcoins to drop and US spot Bitcoin ETFs to see $2...
Bitwise's Solana Staking ETF reached $1 billion in assets under management, driven by its 5.8% annual yield from staking. In contrast, XRP ETFs have yet to hit the billion-dollar mark due to the XRP Ledger's lack of native staking and yield generatio...
Solana (SOL) is showing early signs of a trend reversal after reclaiming the $100 level, with weekly momentum and cycle analysis suggesting a move out of a prolonged bottoming phase. Technical charts indicate that if SOL sustains higher highs and hig...
After nine days of inflows totaling $3.04 billion, U.S. Spot Bitcoin ETFs recorded $201.81 million in outflows on August 28 as Bitcoin's price fell from $80K to around $78,275. Meanwhile, altcoin ETFs like Ethereum, XRP, and Solana continued to attra...
Solana announced key upgrades including Transaction V1 activation on September 9, which increases transaction size to 4,096 bytes, enabling more complex operations. Starting the week of August 31, the network begins a five-step rent reduction aiming ...
