The price of Solana has fallen sharply, showing the current trend in the cryptocurrency market. Consequently, open interest in Solana has also followed the trend of the digital asset. According to data from CoinGlass, open interest in Solana is down by 21% at $1.6 billion in the last 24 hours.

Solana 的价格大幅下跌，显示了当前加密货币市场的趋势。因此，Solana 的未平仓合约也跟随了数字资产的趋势。根据 CoinGlass 的数据，过去 24 小时内 Solana 的未平仓合约下降了 21%，至 16 亿美元。

Solana price slump leads to drop in open interest

Open Interest is the total value of Solana Futures contracts across exchanges yet to be settled. Presently, Solana is down by 11%, trading around $136 according to data from CoinGecko.

Solana 价格暴跌导致未平仓合约下降未平仓合约是指各交易所尚未结算的 Solana 期货合约的总价值。根据 CoinGecko 的数据，目前 Solana 下跌了 11%，交易价格约为 136 美元。

The drastic slide in the price of Solana also erased long positions held by traders worth around $36.55 million. The affected traders anticipate the asset’s massive price spike before the upcoming Bitcoin halving.

Solana 期货未平仓合约。来源：CoinGlass Solana 价格的大幅下滑也消除了交易员持有的价值约 3655 万美元的多头头寸。受影响的交易者预计，在即将到来的比特币减半之前，该资产的价格将大幅上涨。

The bearish trend in the market is also obvious in the performance of other cryptocurrencies in the top 10. XRP experienced a drop of about 12.12% with Dogecoin following closely with a 10.86% drop in the last 24 hours. Cardano also dropped by 10.20%. Despite the market being volatile, traders are still confident about the overall outlook in the coming days.

市场的看跌趋势在前 10 名其他加密货币的表现中也很明显。XRP 下跌了约 12.12%，狗狗币紧随其后，在过去 24 小时内下跌了 10.86%。卡尔达诺也下跌了10.20%。尽管市场波动较大，但交易员仍对未来几天的整体前景充满信心。

Traders and analysts discuss their perspectives

The general market decline has also led popular traders and analysts to urge investors to scale into tokens with high convictions. Others also think this is the best opportunity to hold spot positions and not capitulate. Popular trader GCRClassic advised traders on X to see out the market turbulence and not be shaken out as the future is still bright.

交易员和分析师讨论他们的观点市场总体下跌也导致受欢迎的交易员和分析师敦促投资者坚定信念地买入代币。其他人也认为这是持有现货头寸而不投降的最佳机会。热门交易者GCRClassic建议X上的交易者留意市场动荡，不要被动摇，因为未来仍然光明。

Furthermore, some traders feel that the change in the fortunes of altcoins is closer than most people feel. For example, crypto entrepreneur Kyle Chasse expects a surge of about 20-30% in the altcoins market by Monday. However, analysis firm Glassnode has noted that this might not be the case due to the trend of Bitcoin drops in previous market cycles. The firm also explained that traders have always used that as an indicator to assess the rest of the market.

此外，一些交易员认为山寨币的命运变化比大多数人的感觉更接近。例如，加密货币企业家 Kyle Chasse 预计，到周一，山寨币市场将飙升约 20-30%。然而，分析公司Glassnode指出，由于之前市场周期中比特币的下跌趋势，情况可能并非如此。该公司还解释说，交易员一直将其用作评估市场其他部分的指标。