#SOL liquidations reached $448 million.#

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Overview

The SOL multi-order liquidation event has continued to ferment over the past 24 hours, with total contract liquidation across the network reaching $448 million, of which $328 million was liquidated long positions, accounting for 73.21% of the total liquidation amount. In the past hour, total contract liquidation across the network was $10.25 million, of which $8.16 million was liquidated long positions, accounting for 79.41% of the total liquidation amount. This shows that the SOL multi-order liquidation event is still ongoing, and the proportion of liquidated long positions is relatively high. Investors need to operate cautiously.

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Analysis

Recently, the price of SOL has surged significantly, triggering a euphoric rally among bulls in the market. However, the rapid price fluctuations have also led to a large number of long positions being liquidated. According to data, in the past 24 hours, the total liquidated amount across all contracts has reached $448 million, with $328 million being long positions, accounting for 73.21%. Among them, the liquidated amount of SOL was $56.97 million, representing 12.69% of the total liquidated amount. In the past hour, the total liquidated amount across all contracts was $10.25 million, with $8.16 million being long positions, accounting for 79.51%, while the liquidated amount of SOL was $1.68 million, accounting for 16.46% of the total liquidated amount. This indicates that the bullish sentiment in the SOL market is currently very strong, but it also comes with huge risks. Investors should exercise caution when trading, manage their positions well, and avoid the risk of liquidation.

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SOL multiple long liquidations were massive, with over $448 million liquidated in the past 24 hours.

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Multiple long liquidations were the main factor, accounting for 73.34% ( $328 million ) of the total liquidated amount.

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SOL price continued to rise after the liquidation event, up 18.74% in the past 24 hours.

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Liquidation data is for reference only and does not represent market trends or investment advice.

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