#SOL liquidations totaled $328 million#
Hot Topic Overview
Overview
The SOL liquidation event has been brewing over the past 24 hours, with total liquidations reaching $448 million, with long liquidations accounting for the majority, at $328 million. Although the SOL price has risen by 18.74% in the past 24 hours, long positions were forcibly liquidated during the rapid price increase, leading to huge losses. In the past hour, total liquidations across the network have reached $10.25 million, with SOL liquidations reaching $1.68 million, with long liquidations still accounting for a high proportion.
Ace Hot Topic Analysis
Analysis
Recently, SOL prices have surged significantly, rising by 18.74% in the past 24 hours, currently trading at $261.06. However, this surge has also triggered a massive liquidation event, with total contract liquidations across the network reaching $448 million. Of this amount, long positions accounted for $328 million, representing 73.2% of the total liquidated value. This indicates the presence of numerous leveraged traders in the market who bet on further gains in SOL price, but were ultimately defeated by market sentiment. It's worth noting that in the past hour alone, total contract liquidations across the network have reached $10.25 million, with long positions accounting for $8.16 million, representing 79.5% of the total liquidated value. This suggests that market sentiment remains highly volatile and investors should exercise caution.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SOL multi-position liquidation scale is huge, with liquidated amount reaching 448 million USD in the past 24 hours.
Multi-position liquidations account for 73.26% of the total liquidated amount.
SOL price has surged significantly after the liquidation event, with an 18.74% increase in the past 24 hours.
Liquidation data is for reference only and does not constitute investment advice.