A bias toward current long positions implies the potential for buying pressure where investors holding long positions feel the need to sell in declining markets to reduce their losses, resulting in cascading liquidations. At the end of December, comparable accumulations peaked at $1.37 billion, down $83, or 30%, from $120 at the time.
Solana’s SOL reached a futures position ahead of a 30% decline in December.
By Crypto Flexs1 Min Read
