Solana Under Pressure as Derivatives Signal Bearish Tilt and 80-Dollar Threshold

Derivatives data reveal a retreat of bullish bets on Solana as open interest collapses and funding rates turn negative, with traders watching the 80-dollar threshold.

Rich by Coin

2026-02-19

Warning signals are multiplying around Solana. While SOL price struggles to stabilize above a key technical threshold, derivatives market data show a clear retreat of bullish positions. Derivatives markets signal a marked withdrawal of bullish positions on Solana. The strategic 80 dollar threshold becomes the main market equilibrium point.

All indicators question the market’s ability to sustainably support SOL. The behavior of the Solana price reflects a loss of momentum settling in. For several weeks, the market has unsuccessfully tried to reclaim key technical thresholds, maintaining a climate of hesitation. The current sequence follows a marked rejection in mid-January, followed by a sharp drop early February.

Data from derivatives markets confirm this change of stance. The massive contraction of open positions on futures, combined with unbalanced funding rates, indicates that traders now prefer reducing risk rather than taking new bullish positions. Repeated failure to climb back above 89 dollars over the last two weeks. Rejection at 145 dollars in mid-January.