Solana, Price rebound continues amid bullish skew...Long ratio exceeds 70%

Long position ratio exceeds 70% showing strong buying sentiment for Solana (Source: @ali_charts, X)

As investor expectations for cryptocurrency Solana (SOL) rise, the long position ratio in the Binance futures market is rapidly increasing. According to Binance futures data released by analyst Ali Martinez on the 17th (local time), the long position ratio as of 2 PM the previous day reached 71.87%. At the same time, the short position ratio was 28.13%, and the total long to short ratio recorded 2.55. This means that more than 2 out of 3 participants believe Solana's price will rise.

The long position ratio maintained strength throughout the day. Even at 2 AM, the long position ratio, which was in the early 60% range, steadily increased as time passed, while the short position ratio showed a decreasing trend over time.

Such a skewed phenomenon can be a positive signal, but at the same time, it may increase market instability. Especially if there are many high-leverage positions, unexpected declines can lead to large-scale forced liquidations according to warnings.

Solana's price has been showing an upward trend by breaking through major resistance lines in recent weeks. Although analysis predicting further increases based on technical indicators continues, some point out that excessive expectations may rather lead to price corrections. Even in the strong upward trend, it is time for investors to be wary of short-term risks.