37.57 Million Solana Committed In Open Interest as Golden Cross Widens

By: bitcoin ethereum news|2025/05/05 17:15:01
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Solana (SOL), has seen an uptick in investor interest. In the last 24 hours, Solana’s open interest increased by 1.86% as investors committed almost 38 million SOL in futures market. Binance Leads the Charge as Open Interest Hits 38 Million SOL CoinGlass data reveal that SOL traders deployed $5.63 billion in the asset’s future contracts. This indicates new funds being invested in SOL as confidence grows among investors, rekindling their interest in the coin. If sustained, the development could spark an increased buying pressure for SOL and support its appreciation in the short term. The CoinGlass data reveals the distribution of Open Interest across major exchanges, as Binance leads with 8.76 million SOL worth $1.30 billion. Bitget, Gate.io, and Bybit followed with 6.52 million SOL, 4.69 million SOL, and 4.35 million SOL, respectively. In that order, the fiat value of the Solana (SOL) units committed was $967.08 million, $695.64 million, and $645.66 million. The spread across different exchanges shows a broad engagement in the cryptocurrency market. This is despite the volatility that has characterized the price in the last 24 hours. This development highlights traders’ confidence in SOL’s future outlook. As of this writing, the Solana price was up 0.87% to $146.83. In earlier trading, the coin had flipped the $150 level and climbed to $151.73. Many anticipated further jumps to $180 as sentiments turned bullish. However, SOL witnessed a correction. Solana Price To Benefit From Golden Cross Formation Meanwhile, other technical indicators around Solana suggest possible bullish momentum. Solana’s golden cross formation is widening as the short-term moving average crosses above its long-term moving average. The combination of this golden cross and the uptick in Open Interest indicates strong bullish momentum for Solana This development could set SOL up for a price rally toward the psychologically important $200 mark. It is worth noting that SOL has not retested the $200 price level since slipping below the support zone during the second week of February 2025. However, SOL has demonstrated resilience despite broader market volatility. The coin climbed from a low of $141 within the last seven days to its current level. SOL’s chart indicates the formation of higher lows and might signal bullish momentum toward the $155 resistance level. SOL’s impressive recovery suggested increased buying pressure, leading to price appreciation despite the prevailing volatility. Bold Predictions Point to $400 Target by Year-End Some analysts predict that if SOL reclaims the $200 level, it could post even more impressive figures. However, the coin would have to overcome the $210 resistance level. If SOL fails to break its key resistance levels of $155, $183, and $210, this could trigger bearish pressure as holders may sell off in a profit-taking move. For Solana to flip its all-time high (ATH) of $294.33, which it achieved in January, the ecosystem has to be supported by active accumulation of the coin. Interestingly, analysts like Raoul Pal have made bold predictions on the possible price trajectory of SOL. The optimism remains that SOL could hit $400 before the end of 2025 if the bullish trend continues. As reported by TheCoinRepublic, Solana recently broke out of a falling wedge, which could support the asset’s rebound journey. Source: https://www.thecoinrepublic.com/2025/05/05/37-57-million-solana-committed-in-open-interest-as-golden-cross-widens/

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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