#SOL Liquidation: $448 Million#

Recently, the sharp rise in SOL price has triggered a massive liquidation of long positions. According to data, the total liquidation amount across the entire network has reached $448 million in the past 24 hours, with long positions accounting for $328 million, representing 73.21% of the total liquidation amount. In the past hour alone, the total liquidation amount across the entire network reached $10.25 million, with long positions accounting for $8.16 million, representing 79.51% of the total liquidation amount. This indicates that during the rapid rise in SOL price, many investors chose to go long, but due to the intense market volatility, it ultimately led to a large number of long positions being liquidated. While SOL price has risen by 18.74% in the past 24 hours, for those investors who did not exit their positions in time, this liquidation event is undoubtedly a heavy blow.