No trader on Centaur has opened a
$SOL long in over a week. The asset is down 5.9% today.
@wolfoftrading7 went short on March 29. He shared a bearish 4h setup and opened his short the next day at $84.2. He's currently up 6.8% and hasn't covered.
@mattertrades was already in from $90.9 sharing that
$SOL is the most inflationary major L1, daily chart visibly weaker than ETH, sitting at range highs with nothing to hold them. He closed at $83.8 for 7.8% before the worst of it landed.
Then the Drift exploit hit on April 1. $270M drained from Solana vaults, the largest DeFi exploit in 2026 by some margin.
@Cheshire_Cap shorted $84.4 off the news as it broke. He's up 7.1% and still holding.
Some traders were calling for spot accumulation in the $72โ80 range, citing compressed short positioning. The
@Silk_0x closed his short at $77.9 on April 2 and flagged he was switching to looking for longs at range lows.
The bears have been right, the longs are underwater and the structural problems haven't changed.
Is this the level where
$SOL finds a floor or just the next place to reload the short?