#SOL liquidations exceed $400 million#

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Overview

SOL has recently experienced significant volatility, with a total of $448 million liquidated across all exchanges in the past 24 hours. Of this, $328 million was long liquidation, accounting for 73.21% of the total liquidation amount. SOL price has risen by 18.74% in the past 24 hours, currently trading at $261.06.It is worth noting that in the past hour, total liquidation across all exchanges has reached $10.25 million, of which $8.16 million was long liquidation, accounting for 79.51% of the total liquidation amount. SOL price has risen by 13.90% in the past hour, currently trading at $250.20.

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Analysis

SOL has experienced significant volatility recently, leading to a large number of contract liquidations. Data shows that in the past 24 hours, the total liquidated amount across all contracts reached $448 million, with $328 million liquidated from long positions, accounting for 73.21% of the total. SOL liquidation amounted to $56.97 million, accounting for 12.69% of the total. In the past hour, the total liquidated amount across all contracts was $10.25 million, with $8.16 million liquidated from long positions, and SOL liquidation amounted to $1.68 million, accounting for 16.46% of the total. This indicates that there has been strong bullish sentiment towards SOL in the market recently, but due to drastic price fluctuations, a large number of long positions have been liquidated. It should be noted that the above data is for reference only, and actual situations may vary.

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SOL price surged sharply, up more than 18% in the past 24 hours

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SOL perpetual contract market saw massive liquidations, with over $448 million liquidated in the past 24 hours

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Liquidations were mainly dominated by long positions, indicating strong market expectations for SOL price rise

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The SOL liquidation event may be related to market sentiment fluctuations and sharp price swings

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