#SOL liquidations exceed \$400 million#
Hot Topic Overview
Overview
SOL experienced a sharp surge in the past 24 hours, rising by as much as 18.74% to reach $261.06. However, this rally was accompanied by massive liquidations, with total contract liquidations across the entire network reaching $448 million. Long positions accounted for $328 million of these liquidations, representing 73.21% of the total. SOL liquidations amounted to $56.97 million, representing 12.69% of the total liquidations. In the past hour, total contract liquidations across the entire network reached $10.25 million, with SOL liquidations amounting to $1.68 million, representing 16.46% of the total. This suggests that despite the significant price surge in SOL, market sentiment remains cautious, with a large number of long positions being liquidated, indicating that market risks persist.
Ace Hot Topic Analysis
Analysis
SOL has recently experienced significant price fluctuations, resulting in a large number of liquidations. According to data, the total amount of liquidated contracts across all exchanges in the past 24 hours reached $448 million, with $328 million in long liquidations, accounting for 73.21% of the total liquidated amount. SOL liquidations reached $56.97 million, accounting for 12.69% of the total liquidated amount. Over the past hour, the total amount of liquidated contracts across all exchanges was $10.25 million, with $8.16 million in long liquidations. SOL liquidations reached $1.68 million, accounting for 16.46% of the total liquidated amount. This indicates that the SOL market has been experiencing intense volatility recently, with long positions suffering heavy losses and liquidations occurring frequently. It is important to note that the above data is for reference only and the actual situation may vary.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SOL liquidation events are mainly concentrated on long positions, indicating that the market's expectation for SOL price rise is too high, resulting in a large number of long positions being liquidated.
The huge amount of SOL liquidation reflects that the market is not aware of the volatility risk of SOL, leading to some investors using excessive leverage.
The rebound of SOL price after the liquidation event shows that the market remains optimistic about the long-term value of SOL.
The SOL liquidation event reminds investors to carefully control leverage and manage risk when engaging in contract trading.