SOL has undergone a healthy rise in prices lately. As you can see below, price has increased even though open interest has dropped which is a sign that the price appreciation has been led by spot buys. Historically, SOL has demonstrated a trend of exceeding performance expectations leading up to the Breakpoint conference, followed by a tendency to underperform subsequent to the conference's commencement. In 2022, this pattern was disrupted due to the sudden collapse of FTX, which had a significant impact on price performance.
Long SOL, Short SOL
Long SOL, Short SOL
Long SOL, Short SOL
SOL has undergone a healthy rise in prices lately. As you can see below, price has increased even though open interest has dropped which is a sign that the price appreciation has been led by spot buys. Historically, SOL has demonstrated a trend of exceeding performance expectations leading up to the Breakpoint conference, followed by a tendency to underperform subsequent to the conference's commencement. In 2022, this pattern was disrupted due to the sudden collapse of FTX, which had a significant impact on price performance.