#SOL liquidation exceeds $400 million.#

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Hot Topic Overview

Overview

SOL has experienced significant fluctuations recently, leading to a large number of contract liquidations. According to data, the total amount of contract liquidation across the entire network reached $448 million in the past 24 hours, with long positions accounting for $328 million. SOL liquidation amounted to $56.97 million, representing 12.69% of the total liquidation amount. In the past hour, the total amount of contract liquidation across the entire network was $10.25 million, with long positions accounting for $8.16 million. SOL liquidation amounted to $1.68 million, representing 16.46% of the total liquidation amount. This indicates that the price fluctuations of SOL have had a significant impact on the market, leading to substantial losses for investors in contract trading.

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Analysis

SOL has seen significant volatility recently, leading to a large number of contract liquidations. Data shows that over the past 24 hours, total contract liquidations across the entire network reached $448 million, with $328 million in long liquidations, accounting for 73.21% of the total. In the past hour alone, total contract liquidations reached $10.25 million, with $8.16 million in long liquidations, accounting for 79.51% of the total. This suggests that there is a large amount of leverage trading in the SOL market recently, and the sharp price fluctuations have resulted in a large number of long liquidations. It is worth noting that SOL has risen by 18.74% in the past 24 hours, indicating that market sentiment remains optimistic. However, it also reminds investors that leverage trading is extremely risky in a highly volatile market and should be approached with caution.

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Discussion Word Cloud

Classic Views

SOL liquidations mainly concentrated on long positions, indicating that the market had overly high expectations for SOL price increases.

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SOL price surged significantly after the liquidation event, demonstrating that market confidence in SOL remains strong.

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The liquidation event may be related to the large price fluctuations of SOL, and investors need to exercise caution.

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The liquidation event reminds investors that there are risks involved in contract trading, and they need to implement proper risk management.

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