FTX's sale concerns have led to a 5% drop in Solana's value in a single day, impacting both long and short-focused positions. This has created a potential risk of $125 million if Solana returns to its recent performance levels, highlighting the significance of price movements for the SOL coin. CoinGlass data reveals that Solana's open interest has decreased by 40% over the last 30 days, plummeting to $1.78 billion on May 9. This substantial decline suggests that investors are losing confidence in Solana and are hesitant to take positions on its price.