Solana's price has declined from nearly $230 to $195 between October 7 and 14, as key holders significantly reduced their futures positions. On-chain data from Nansen indicates a 103% reduction in net perpetual futures positions by large investors, suggesting a loss of confidence and potential downward pressure on the asset. Additionally, the top 100 Solana addresses cut their futures exposure by 70.07% during this period, highlighting a shift in market sentiment.