#SOL liquidations reached $448 million.#

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Overview

The SOL liquidation event continues to ferment. In the past 24 hours, the total liquidation amount of contracts across the entire network reached $448 million, of which $328 million was liquidated long positions, accounting for 73.21% of the total liquidation amount. In the past hour, the total liquidation amount of contracts across the entire network was $10.25 million, of which $8.16 million was liquidated long positions, accounting for 79.51% of the total liquidation amount. The price of SOL rose by 18.74% in the past 24 hours, currently at $261.06, which indicates that longs were overly confident in the price increase of SOL, leading to a large number of long positions being liquidated.

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Analysis

The recent SOL margin call events have drawn market attention. Data shows that in the past 24 hours, total contract liquidations across the network reached $448 million, with long positions accounting for $328 million, exceeding 73%. In the past hour alone, total contract liquidations reached $10.25 million, with long positions accounting for $8.16 million, exceeding 80%. This indicates a strong bullish sentiment in the SOL market recently. However, due to significant market volatility, a large number of long positions were forcibly liquidated. Although the SOL price has risen by 18.74% in the past 24 hours, the margin call events still remind investors to operate cautiously, control risks, and avoid excessive chasing of gains in highly volatile market conditions.

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Classic Views

SOL massive liquidation scale, with over $448 million liquidated in the past 24 hours.

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Long liquidation is the main type, accounting for more than 70% of the total liquidated amount.

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SOL price continued to rise after the liquidation event, with an increase of over 18% in the past 24 hours.

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The liquidation event may be related to market sentiment fluctuations and rapid price increases.

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