In the last 24 hours, the cryptocurrency market, including Solana, has witnessed a significant decline. Solana’s open interest (OI) dropped to $1.62 billion, marking a 21% decrease from the previous day. CoinGlass data reflects this slump in OI, which represents the total unsettled value of all Solana futures contracts across exchanges. Concurrently, Solana’s price decreased by 11% to $136.54, according to CoinMarketCap. This downturn resulted in the liquidation of $36.55 million in long positions for traders, dampening the optimism of those who anticipated a price surge prior to the Bitcoin halving scheduled for April 20. Similarly, other major cryptocurrencies also
