Solana’s $160 Crash: Is This the Ultimate Buy Opportunity or the Beginning of the End?
And the stakes couldn’t be higher. SOL has dropped below a key realized price cluster, putting the average holder in the red. Could Binance’s sell-off now be the final trigger that deepens the bleed?
Leverage wiped as Binance funnels SOL to Wintermute
Binance is on a tear. It has offloaded nearly 110,000 SOL to Wintermute, and it doesn’t look like a routine shuffle.
As flagged by AMBCrypto, when SOL was trading around $180, retail Open Interest was 91% net long, reflecting extreme retail leverage chasing a $200 breakout.
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