3 hours ago

SOL retail longs briefly flushed, but traders’ bullish forecast unchanged

SOL late leverage longs got rinsed by the flash crash to $205, but data shows pro traders buying the dip and retail traders opening fresh spot and margin positions.

Key takeaways: 

SOL retail leveraged longs who entered Monday’s range high were partially flushed out on today’s sell-off to $205. 

Despite the brief downturn, institutional investor-sized entities bought the SOL price dip. 

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Source: Cointelegraph →