🪐 Solana’s Leverage Loop Tightens SOL’s stablecoin supply surged 6% this week while TVL slipped under $6 bn, and open interest on perpetuals exploded 156% in just over a month. 🧲 The magnetic pull of high‑leverage trading is draining capital from DeFi pools, turning the network into a speculative arena rather than a store of value. While the USDe inflow hints at demand, the simultaneous TVL drop and massive unrealized losses at Forward Industries and DeFi Development Corp suggest a fragile balance that could snap under a liquidity squeeze. I’m leaning bearish: a cascade of liquidations could force price down before any sustainable buying pressure materializes. 👁️‍🗨️ When open interest outpaces TVL, the market is living on borrowed breath. ⚠️ Personal analysis only. Not financial advice. DYOR. #Solana #DeFi #Leverage #SamsungLaborTalksCollapse #SpaceXIPOCountdown #WarshFedPowerShift