Key Takeaways:
Bullish positioning in crypto futures accelerated this week, with Solana (SOL) futures seeing the largest increase in leveraged long positions among top traders, according to CoinGlass data from the week of April 15, 2026.
"The long/short ratio for top accounts on Solana has climbed to its highest level in three months," a report from data provider CoinGlass stated. "This indicates a strong directional bias among large-volume traders."
The data, which tracks the top 20% of accounts by margin balance, showed a significant shift in both USD-margined and coin-margined perpetual contracts. While long positions grew, open interest in SOL futures also rose by 15% over the week, pointing to new capital entering the market rather than just a repositioning of existing funds.
The surge in leveraged bets suggests traders are anticipating a continued rally in Solana's price, which could amplify market volatility. A positive market catalyst could trigger a short squeeze and a rapid price increase, while negative news could lead to a cascade of long liquidations and a sharp correction. The next key resistance level for SOL is watched at $150.
The increased appetite for leveraged Solana positions comes as the token has shown relative strength against larger cryptocurrencies. While Bitcoin (BTC) has remained range-bound between $65,000 and $70,000, SOL has posted a 25% gain over the past 30 days. This performance has attracted traders looking for higher returns, though it also comes with increased risk. The rise in bullish bets on Solana is also reflected in the DeFi ecosystem on the Solana blockchain, where Total Value Locked (TVL) has climbed by 10% in the last week, according to data from DefiLlama. This suggests growing confidence in the broader Solana ecosystem, not just its native token.
This article is for informational purposes only and does not constitute investment advice.
