#SOL liquidation exceeds $400 million#
Hot Topic Overview
Overview
SOL has experienced significant price fluctuations recently, leading to a surge in liquidations. In the past 24 hours, total contract liquidations across the entire network reached $448 million, with $328 million in long liquidations and $56.97 million in SOL liquidations, representing 12.69% of the total liquidations. In the past hour alone, total contract liquidations reached $10.25 million, with $8.16 million in long liquidations and $1.68 million in SOL liquidations, accounting for 16.46% of the total liquidations. This suggests a divergence in market sentiment towards the price of SOL, resulting in substantial losses for investors engaging in contract trading.
Ace Hot Topic Analysis
Analysis
In the SOL liquidation event, the total amount of liquidated contracts across the entire network reached $448 million in the past 24 hours, with $328 million in long positions liquidated, accounting for a staggering 73.21%. The liquidated amount for SOL amounted to $56.97 million, representing 12.69% of the total liquidated amount. This indicates that the liquidation event was primarily driven by long investors being forced to close their positions, while the proportion of liquidations specifically for SOL was relatively low. It's noteworthy that in the past hour alone, the total amount of liquidated contracts across the entire network reached $10.25 million, with $8.16 million in long positions liquidated, and $1.68 million in SOL liquidations, accounting for 16.46%. This suggests that SOL's price volatility remains significant, and investors should exercise caution in their operations and avoid excessive leverage to mitigate the risk of liquidation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SOL margin call events are mainly concentrated on long positions, indicating that the market has overestimated the price increase of SOL, which eventually led to margin call.
The scale of SOL margin call events is huge, with over 400 million US dollars in margin call within the past 24 hours, reflecting the intense volatility of market sentiment.
SOL price has risen after the margin call event, indicating that the market is still bullish on the long-term value of SOL.
Contract trading is risky, investors should be cautious and control risks.