SOL: Summary of discussions in the CoinAnk Chinese discussion group (14:00:09 ~ 15:00:09)

[Extracting viewpoint materials] The spot price of SOL was $81.91 at 14:00, dropping to $81.65 by 14:07, a decrease of 0.73% in one hour and a further decline of approximately 2.88% in four hours, indicating short-term price pressure. Open interest shifted from a positive increase of 0.25% to a decrease of 0.12% in the past hour, with a 24-hour decrease of over 5%, reflecting an overall market trend of reducing positions. Funding rates remained negative at approximately -0.0106% to -0.0107%, indicating lower funding costs for short sellers and continued short-selling pressure. The long/short position ratio remained around 2.98, showing a significant increase in long positions, but the continued price decline may suggest a lack of confidence among long positions. Total trading volume across the network remained above $6.3 billion in the past 24 hours, indicating ample liquidity. SOL has a market capitalization of approximately $46.4 billion and a circulating supply of 568 million, encompassing multiple ecosystem segments such as Avalanche-ecosystem, Binance-smart-chain, and Polygon-ecosystem, demonstrating broad participation. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 14:00:16/#2146544;ref: window] The SOL contract price is highly synchronized with the spot price. At 14:00, the contract price was $81.87, and it dropped to $81.6 at 14:07. The negative funding rate indicates that the contract market is biased towards short positions, with lighter funding costs for short sellers, potentially attracting more short operations. The long/short position ratio is close to 3, indicating that long positions still dominate, but the price drop and negative funding rate suggest some market divergence. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 14:07:31/#2146589;ref: window] SOL open interest decreased by over 5% within 24 hours, while trading volume remained high, indicating that the market experienced position reduction in a highly liquid environment, possibly due to profit-taking or risk aversion. Short-term fluctuations in open interest (from increase to decrease within one hour) reflect a shift towards caution among short-term investors. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 14:00:16/#2146544;ref: window] SOL's price circulates across multiple ecosystems, including avalanche-ecosystem, binance-smart-chain, and polygon-ecosystem, indicating a broad cross-chain ecosystem layout that may attract attention from multiple blockchain funds. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 14:07:31/#2146589;ref: window] Negative funding rates and falling prices suggest a strong bearish market sentiment. Optimized costs for short sellers may attract more short positions, leading to a short-term bearish market outlook. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 14:00:16/#2146544;ref: window] The long/short ratio is close to 3, indicating a large number of long positions. However, the price continues to be under pressure, reflecting limited profit-taking opportunities for longs or significant selling pressure from profit-takers. [src: @CoinAnk Chinese Discussion Group, 2026-02-11 14:07:31/#2146589;ref: window] [Summary of Key Clues] 1. SOL prices are under short-term pressure, falling by about 0.7% in one hour and nearly 3% in four hours. 2. Negative funding rates mean lower costs for short sellers, and a significant bearish sentiment in the market. 3. The ratio of long to short positions is approximately 3, with longs having the upper hand, but the price decline reflects the pressure on longs. 4. The open interest decreased by more than 5% within 24 hours, while the trading volume remained high, indicating a reduction in open interest under conditions of high liquidity. 5. The SOL cross-chain ecosystem includes Avalanche, BSC, and Polygon, attracting investment in multi-chain deployments.