Happycoin.club – Cryptocurrency expert known under the pseudonym GCR Classic advises buying Solana (SOL) amidst a crash in the futures market.
According to CoinGlass, over the last day, the open interest volume, reflecting the total amount of created futures contracts to purchase Solana, dropped by 17% and currently stands at $2 billion. Additionally, due to the recent dump, both long and short positions for purchasing SOL worth $48.2 million were liquidated.
Solana’s price change (yellow line) and open interest volume (green chart)
GCR Classic reminded cryptocurrency traders that a bearish trend often presents unique opportunities, allowing substantial gains through timely buying and selling of digital assets.
It’s evident that after reaching the bottom, a correction will occur, and Solana’s price will rise. Consequently, purchasing coins at the minimum rate promises high profits.