The Open Interest (OI) of $SOL is trending downward, while the Net Position Delta is trending upward.



Currently, the rise is not due to buying long positions, but rather the liquidation and closing of short positions caused by the rise.

The current rally is driven by upward pressure in the spot market, not the futures market.

An explosive rally will begin when both the OI and Net Position Delta in the futures market increase simultaneously.
SOL1.15%
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DustyLedgerKid
· 1h ago
Spot is underpinning, futures are waiting, and the breakout signal has not appeared yet.
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PartiallyMeltedIceCream
· 1h ago
This current rally feels unsteady; let's go all-in when both indicators take off together.
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GateUser-6d80555a
· 1h ago
OI down, Delta up, typical short squeeze, not true bullish.
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