Solana Futures OI Surpasses $200M: Are Traders Bullish?
Despite being in a bear market, institutions have been eying Solana. It has consistently been able to register positive flows, making it the institutions’ favorite bear market pet. As reported a fortnight back, SOL inflows stood at $0.4 million. The number further improved the following week. Per mid-December’s numbers, SOL noted a positive flow of $0.7 million. As shown below, all other crypto asset-related products [except short bitcoin products], noted negative flows. Source: CoinShares Also Read: Ethereum, SOL, MATIC, BNB: Which Altcoin has Favorable ‘Bear Market’ Odds? Deribit De-lists Solana Inverse Options, Futures Deribit, the largest options exchange, announced on Monday that it will stop offering Solana inverse products. This means, after the upcoming December 30, 2022 expiry, the platform will not list new Solana inverse options or futures. Deribit’s Twitter thread did not chalk out the reason behind the de-listing. People from th...