#SOL liquidations reach $448 million#
Hot Topic Overview
Overview
SOL has surged in price recently, gaining 18.74% in the past 24 hours, currently trading at $261.06. However, this rally has also triggered a large-scale liquidation event, with total contract liquidations reaching $448 million across the entire network. Of this, $328 million represents longs, accounting for 73.21% of the total liquidations. In the past hour alone, total contract liquidations amounted to $10.25 million, with $8.16 million representing long liquidations, constituting 79.41% of the total liquidations. This indicates that while bullish sentiment is strong in the SOL market, there are significant risks involved, and investors should exercise caution.
Ace Hot Topic Analysis
Analysis
Recently, the price of SOL has surged significantly, triggering a bull market frenzy. However, this frenzy is accompanied by huge risks, leading to large-scale liquidation of long positions. According to data, in the past 24 hours, the total liquidation amount across all exchanges reached $448 million, of which the liquidation amount of long positions reached $328 million, accounting for 73.21% of the total liquidation amount. In just the past hour, the total liquidation amount across all exchanges reached $10.25 million, of which the liquidation amount of long positions was $8.16 million, accounting for 79.51% of the total liquidation amount. This indicates that there is a large amount of leverage trading in the market, and the rapid rise in the price of SOL has also led to the rapid closing of long positions, ultimately triggering large-scale liquidations. Although the price of SOL has risen by 18.74% in the past 24 hours, there are also huge risks hidden behind this rapid rise. For investors, it is necessary to be cautious about leverage trading and do a good job of risk control to avoid losses due to market fluctuations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SOL massive liquidations, with $448 million liquidated in the past 24 hours.
Long liquidations dominate, accounting for 73.21% of the total.
SOL price continues to rise after the liquidation event, with a 18.74% increase in the past 24 hours.
The liquidation event may be related to the sharp fluctuation in SOL price, reminding investors to pay attention to risk control.