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Solana bleeds 365 million as Bitcoin’s drop shakes altcoin market

The price of Solana has fallen below 200 USD, paralleling Bitcoin’s decline to under 100,000 USD. This has led to significant sell-offs, causing total outflows from Solana to exceed 365 million USD in just three days.

Current trading habits show a bearish sentiment towards Solana, reflected in a long/short ratio of 0.93 indicating more traders are betting against the asset. If selling pressure persists, analysts predict Solana’s price could drop further to 187.71 USD.

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