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Solana faces pressure as Binance hacker swaps $95.9M SOL to BTC, risking $90 support level.

Market News
02 Nov 2026, 19:00 WIB
AMBCrypto
View Source
Bearish
Solana faces pressure as Binance hacker swaps $95.9M SOL to BTC, risking $90 support level.

The Binance hacker has swapped nearly half of their 970,000 SOL holdings ($95.9 million) into Bitcoin, increasing selling pressure on Solana. This activity, combined with rising short positions and a 12% drop in the SOL/BTC ratio in October, signals growing bearish sentiment. Solana's $90 support level is now critical, with a breakdown potentially triggering a bull trap amid capital favoring Bitcoin over altcoins. The market is closely watching if Solana can hold this key level or continue its downtrend.

Solana trades at Rp1.684.109 on Pluang, down 2.08% as of Nov 03, 2026 00:22 WIB, reflecting ongoing selling pressure. Bitcoin is priced at Rp1.402.617.213 with a smaller 1.10% decline over the same period. Pluang order activity shows 38% of Solana orders are sell-side, indicating cautious sentiment among investors.

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