Will Solana rally 33% despite FTX’s $24 mln unstake?

Quick Summary:

The bankrupt FTX/Alameda-linked wallet unstaked a significant 177,693 SOL tokens, worth $23.75 million.

As of now, the major liquidation levels were near $133.5 level on the lower side and $136.95 on the upper side, as traders are over-leveraged at these levels, according to Coinglass data.

Notably, Coinglass’s Long/short ratio was 1.07 at press time, the highest since the beginning of August 2024.Additionally, 51.7% of top traders held long positions, while 48.3% held short positions.

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Article Details

Author / Journalist: Chanakya

Category: Crypto

Markets: United States

Topics: Trading View News 1 Social News Solana Ambcrypto Altcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 14:30:59 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 544 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © AMBCrypto

News ID: 22472650

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

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