Solana Open Interest Reaches $638M Across Hyperliquid Futures

TLDR: Solana open interest on Hyperliquid reached $638.1 million after SOL rebounded 44.9% from its August 14 closing price of $75.34. Tracked whale wallets showed 17 long positions and nine shorts, while average leverage approached 19 times on both sides. SOL cleared its 50-day, 100-day and 200-day averages, but daily RSI near 73.4 indicates elevated [...]

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