Solana Open Interest Surges to $8,000,000,000 as Futures Traders Boost Long Positions

Solana has seen its open interest climb to the $8,000,000,000 mark, signaling that traders are once again willing to deploy leverage on SOL despite prior drawdowns. While the price is attempting a recovery from the low $120s and remains below key long-term moving averages, futures positioning has shifted toward longs, especially among larger players, raising the risk of sharp liquidations if support around $130–$135 fails. With spot volumes still subdued and derivatives driving much of the activity, elevated volatility is likely as Solana's price action tests resistance in the mid-$140s.