With Solana's recent price drop and the significant long liquidations totaling $64 million, it seems like the market is experiencing a shift in sentiment. Many traders are feeling the pressure as open interest in SOL's derivatives market declines.
What strategies are you employing in this current bearish environment? Are you looking to buy the dip, or do you think it's wiser to wait for clearer signals before entering the market? Additionally, how do you assess the impact of long liquidations on overall market sentiment? Let's discuss your thoughts and strategies!
With Solana's recent price drop and the significant long liquidations totaling $64 million, it seems like the market is experiencing a shift in sentiment. Many traders are feeling the pressure as open interest in SOL's derivatives market declines.
What strategies are you employing in this current bearish environment? Are you looking to buy the dip, or do you think it's wiser to wait for clearer signals before entering the market? Additionally, how do you assess the impact of long liquidations on overall market sentiment? Let's discuss your thoughts and strategies!
- By Anonymous