Solana futures open interest nears $1.8 billion as funding hits an 11-month high with SOL around $78
AI Market Summary
SOL perpetual funding has risen to ~0.01% per 8 hours (highest since Sept. 2025) alongside ~$1.8B in futures open interest, signaling crowded, expensive leveraged long positioning near the $80 technical resistance. While on-chain activity remains robust, several weekly indicators (stablecoin supply, DEX volume, on-chain perps) are cooling, increasing the risk that leverage is outrunning spot demand and could amplify volatility if positioning unwinds.
Impact level
● Medium
Affected assets
SOL/USDT+0.99%
AI Insight · SOL/USDTAI Insight
● Neutral
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Solana futures open interest is close to $1.8 billion, representing about 23.1 million SOL in notional exposure. Funding rates on major exchanges’ perpetual contracts have risen to around 0.01% every eight hours, the highest in nearly 11 months, indicating traders are paying up to keep leveraged long positions. The last time funding was at similar levels, SOL traded above $200, while it is now above $70 and roughly 2.6% away from the $80 resistance level. Traders are watching whether SOL can break through $80.
