⛓️ Crypto🔴 Bearish

Solana OI And Weighted Funding Rate Crash To Levels Not Seen Since 2023

Bitcoinist|Scott Matherson|March 4, 2026 at 08:30 AM|1 views

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🤖AI Summary

Solana has declined over 71% from its all-time high of $291 reached in January 2025, experiencing steady downward pressure throughout the year. The cryptocurrency's open interest and weighted funding rates have crashed to levels not seen since 2023, indicating significantly reduced market participation and bearish sentiment.

Key Takeaways

→Solana hit an all-time high of $291 in January 2025 but has since declined over 71%
→The cryptocurrency has experienced a year of steady declines with only minor relief bounces
→Open interest has crashed to levels not seen since 2023, indicating reduced market participation
→Weighted funding rates have also dropped to 2023 levels, suggesting bearish sentiment among traders
→Despite some temporary rebounds, the overall trend remains strongly downward

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$SOL$0.0000▲+0.0%

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#solana #sol #price-decline #open-interest #funding-rates #crypto-markets #bearish-sentiment #market-data

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