Solana’s open interest just erased more than half its size in three months, sliding from $8.84B to $3.36B, and that kind of washout usually tells a deeper story than price alone.

This isn’t the market losing interest in $SOL, it’s the leverage getting flushed out after months of overcrowded positioning.
When OI collapses this hard, it means one thing: the speculative pressure that kept the chart heavy has finally thinned, and the next move will come from spot demand instead of borrowed conviction.

Solana feels cleaner now. Healthier. Less noisy. The chart may look slower on the surface, but under it the market just reset itself in a way that gives the next trend room to breathe.
$SOL
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