SOL Futures Negative Funding Rates
Negative funding rates for Solana futures indicate rising demand for short positions, suggesting bearish sentiment in the market.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
A mix of mainstream and niche sources — coverage is broadening.
"Open interest on SOL futures hit a record even as prices fell, a pattern that usually means short sellers are building positions expecting further downside."
"According to CoinDesk, open interest in SOL surged to a record 72.16 million tokens even as the token’s price declined."
"Open interest across major exchanges fell to about $1.90 billion by midweek, down from roughly $2.75 billion on May 11, a drop of around 30%. Funding rates stayed near neutral, underscoring a lack of clear directional conviction among traders."
"Solana’s perpetual futures funding rate turned negative, suggesting rising demand for short SOL positions as the token traded near resistance."