Solana futures funding rate turns negative: Is $78 SOL next?
CoinTelegraph·
60-second summary
Solana futures funding rate has turned negative due to decreased demand for SOL and associated decentralized exchanges, causing traders to pay to hold long positions. The funding rate is currently at a 0.01% discount, indicating a bearish sentiment.
Solana futures funding turned negative as demand for SOL and its associated decentralized exchanges fell. Will traders buy the dip or is $78 next?