Solana Funding Rates Turn Negative – Early Sign Of Selling Pressure?

Solana is currently consolidating just below the $180 level after a strong rally, facing clear resistance as bulls attempt to maintain momentum. While the overall structure remains bullish, upward progress has stalled, and the market is entering a more cautious, tense phase. Buyers are still in control, but they’re struggling to push SOL decisively through this key barrier, keeping the price range-bound in the short term. Related Reading: Bitcoin UTXO Signal Approaches 99% Level – Bullish Signal Or Profit-Taking Setup? Adding to the intrigue, new data from Glassnode reveals that Solana is the only top 10 cryptocurrency (excluding stablecoins) with a negative funding rate source: https://www.newsbtc.com/news/solana/solana-funding-rates-turn-negative-early-sign-of-selling-pressure/