The price of Solana has fallen below 200 USD, paralleling Bitcoin’s decline to under 100,000 USD. This has led to significant sell-offs, causing total outflows from Solana to exceed 365 million USD in just three days.
Current trading habits show a bearish sentiment towards Solana, reflected in a long/short ratio of 0.93 indicating more traders are betting against the asset. If selling pressure persists, analysts predict Solana’s price could drop further to 187.71 USD.
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