{"id":75092,"date":"2023-09-14T19:36:48","date_gmt":"2023-09-14T19:36:48","guid":{"rendered":"https:\/\/kryptodata.se\/are-solana-traders-getting-ready-for-potential-sell-pressure-on-sol-due-to-ftx-is-this-anticipation-premature\/"},"modified":"2023-09-14T19:36:48","modified_gmt":"2023-09-14T19:36:48","slug":"are-solana-traders-getting-ready-for-potential-sell-pressure-on-sol-due-to-ftx-is-this-anticipation-premature","status":"publish","type":"post","link":"http:\/\/kryptodata.se\/are-solana-traders-getting-ready-for-potential-sell-pressure-on-sol-due-to-ftx-is-this-anticipation-premature\/","title":{"rendered":"Are Solana traders getting ready for potential sell pressure on SOL due to FTX? Is this anticipation premature?"},"content":{"rendered":"
Crypto traders are discussing the potential impact of FTX selling its $1.06 billion Solana stake on the price of SOL. However, some traders believe that the selling pressure is overblown, as the majority of FTX’s SOL stake is locked until 2025-2028. Additionally, the Solana Foundation has revealed that a significant portion of FTX’s SOL tokens are locked until 2027. The selling pressure will be distributed over time, and the current spot volume indicates that FTX’s selling pressure represents a small percentage. There is also the possibility of a short squeeze, as funding rates for perpetual swap contracts on SOL have plunged to negative levels, indicating a crowding of short orders. However, negative funding rates have resulted in flat price returns in the past. Technically, SOL is facing resistance from a descending trendline and is trading below its 50- and 200-day moving averages. Overall, it is important for readers to conduct their own research and make informed decisions when it comes to investments in cryptocurrencies.<\/p>\n
Summary:<\/p>\n
– Crypto traders are discussing the potential impact of FTX selling its $1.06 billion Solana stake on the price of SOL.<\/p>\n
– Some traders believe that the selling pressure is overblown, as the majority of FTX’s SOL stake is locked until 2025-2028.<\/p>\n
– The Solana Foundation has revealed that a significant portion of FTX’s SOL tokens are locked until 2027.<\/p>\n
– The selling pressure will be distributed over time, and the current spot volume indicates that FTX’s selling pressure represents a small percentage.<\/p>\n
– There is also the possibility of a short squeeze, as funding rates for perpetual swap contracts on SOL have plunged to negative levels.<\/p>\n
– However, negative funding rates have resulted in flat price returns in the past.<\/p>\n
– Technically, SOL is facing resistance from a descending trendline and is trading below its 50- and 200-day moving averages.<\/p>\n
– It is important for readers to conduct their own research and make informed decisions when it comes to investments in cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"
<\/p>\n
Crypto traders are talking about the SOL price falling due to the risk of FTX selling its $1.06 billion Solana stake. Are they overexaggerating?<\/p>\n","protected":false},"author":1,"featured_media":75093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_oct_exclude_from_cache":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[21],"tags":[],"class_list":["post-75092","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"yoast_head":"\n