Solana Funding Rate Drops 81% in Two Days as Market Sentiment Weakens

Quick Summary:

The funding rate for Solana (SOL) has plunged by a staggering 81% over the past 48 hours, signaling a significant shift in market sentiment.

According to a report from BeInCrypto, traders are increasingly hedging against potential downside risks, reflecting growing caution within the market.

This bearish trend is compounded by a decline in Solana’s active addresses, which have fallen to their lowest level in December.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Solana funding rate drops 81% Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 12:48:24 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24353555

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 9 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #121

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