SOL Funding Spikes to 0.11% — $3.2B OI Hit as Traders Chase Breakout

SOL-USDT perpetual funding rates have surged to 0.11% following a 19% price rally this week. Open interest hit $3.2B — an all-time high on Bybit. While the setup screams late-cycle leverage, on-chain SOL staking flows remain strong and liquidation clusters are thin above $220.

Momentum chasers are piling in, but risk/reward for fresh longs at current funding is unfavorable without a pullback first.