Overview
- Glassnode’s 30-day realized profit-to-loss ratio for SOL has stayed below 1 since mid-November, indicating more losses than gains are being realized.
- Roughly $500 million in leveraged long positions sit near the $129 level, with CoinGlass reporting $15.6 million in SOL liquidations and about $432 million across crypto in the last 24 hours.
- Derivatives open interest has climbed back above $7.2 billion, highlighting active positioning as spot market liquidity remains thin.
- Exchange balances continue to fall and spot Solana ETFs have taken in about $17.7 million this week, according to SoSoValue.
- Price action has held within a $128 to $145 range, with resistance around $145 and support near $135 and $129 that traders flag for elevated liquidation risk.