Futures Are Cold, Profitability Has Reset

[mendez]

SOL futures volume fell 3%, while BTC and ETH saw 43% and 24% surges — signaling traders are still sidelined.
Meanwhile, relative unrealized profit is back to Oct 2023 lows — the same reset that preceded a major accumulation cycle.
Caution dominates derivatives, but onchain metrics hint that SOL is quietly entering a re-accumulation zone.

[Nahid Hossen]

Futures cooling off shows the market recalibrating after weeks of aggression.

[Abdul Khan]

Profitability resetting could give traders a cleaner foundation for the next move.