#SOL liquidation exceeds $400 million#

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Overview

SOL's recent surge in price has triggered massive liquidations. In the past 24 hours, total liquidations across all exchanges amounted to $448 million, with $328 million in long liquidations and $56.97 million in SOL liquidations, accounting for 12.69%. In the past hour alone, total liquidations reached $10.25 million, with $8.16 million in long liquidations and $1.68 million in SOL liquidations, representing 16.46%. This signifies the extreme volatility of SOL's price in recent times, urging investors to exercise caution, avoid excessive leverage, and manage risks effectively.

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Analysis

SOL has experienced significant volatility recently, triggering large-scale liquidation events. Data shows that the total liquidated amount across all contracts in the past 24 hours reached $448 million, with the majority, $328 million, coming from long positions. In the past hour alone, the total liquidated amount across all contracts reached $10.25 million, with $8.16 million from long positions. SOL liquidations accounted for $56.97 million (12.69% of the 24-hour total) and $1.68 million (16.46% of the 1-hour total). This suggests a strong bullish sentiment in the SOL market recently. However, due to the significant price fluctuations, a large number of long positions have been forcibly liquidated, resulting in substantial losses.

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SOL price surged, causing longs to liquidate

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In the past 24 hours, liquidation amount exceeded 448 million USD

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Long liquidation amount far exceeded shorts

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SOL liquidation mainly concentrated in futures trading

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