Solana Derivatives Signal Bearish Sentiment as SOL Drops 11%

[chainsniff]

SOL perpetual futures annualized funding rate. Source: Laevitas.ch

Solana’s native token SOL has fallen 11% over three days, with derivatives markets pointing to growing bearish sentiment.

Funding rates for perpetual futures have dropped to near 0%, indicating weak demand for long positions. At the same time, $25 million in leveraged longs were liquidated as SOL fell toward $87, adding pressure on trader confidence.

Analysts say the current setup increases the likelihood of a retest of the $80 level as bulls show limited conviction.

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bro SOL is getting less and less i remember it was 200$