The current market seems quite confusing for traders and investors due to notable price fluctuations over the past few days. Amid this market uncertainty, a crypto whale was reported to have dumped a significant 149,999 Solana (SOL), worth $27.92 million, onto Binance, as tracked by the blockchain-based transaction tracker Whale Alert on X (formerly Twitter).
Crypto Whale Dump 149,999 SOL
However, this notable dump on the exchange occurred as Solana’s on-chain metrics indicated bullish signs at a crucial support level of $185. Data from the on-chain analytics firm Coinglass revealed that traders betting on long positions outnumber those on short positions by more than double.
Bullish On-Chain Metrics Amid Whale Sell-Off
According to the data, traders are over-leveraged at the $182.5 level, with $93.01 million worth of long positions recorded in the past 24 hours. Meanwhile, the $189.4 level is another over-leveraged zone, where short…
