Futures and Spot Data Show Buyers Returning to Solana
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Market data from CoinGlass shows Solana futures open interest up 5% in 24 hours to $7.3B, with funding rates flipping positive. Rising OI and positive funding indicate renewed demand and raise the odds of a short squeeze if momentum accelerates.
Spot metrics confirm the shift: net taker volume is positive, and spot CVD is climbing. Analysts say this combination — spot demand plus futures strength — is a historically healthy setup for continued recovery.