SOL has been a steady roller coaster meandering to the depths of liquidation for past 3 days. Open Interest has been declining--still is as of writing this--and prices are still falling. This indicates liquidation by long traders. This is the mother of all bears. In fact, the ratio of FTX:SOLPERP vs FTX:SOL0325 vs FTX:SOLUSD has never been positive since...
This is all speculation; vicissitudes of factors affect the complexity by which trends are predicted. Disclaimer noted and disregarding all factors other than that of personal experience with speculative assets, my wager is that BTC will plummet to 25k by the end of week and with it most Cryptocurrencies. What happens then? Anyone's guess.
