#SOL liquidations totaled $328 million on March 28.#
Hot Topic Overview
Overview
SOL has surged 18.74% in the past 24 hours, reaching $261.06. However, this surge has also triggered massive liquidations, with a total of $448 million liquidated across the entire network. Of this, $328 million was liquidated from long positions, accounting for 73.21% of the total. Although liquidations also occurred within the past hour, the scale was relatively smaller at $10.25 million, with $8.16 million from long positions. This suggests that despite the continued rise of SOL, market sentiment remains cautious, and investors are divided on the price trend, leading to significant liquidations on both sides.
Ace Hot Topic Analysis
Analysis
In the SOL multi-order liquidation event, the total contract liquidation amount across the entire network reached a staggering $448 million in the past 24 hours. Of this, $328 million was attributed to long positions, accounting for 73.21% of the total liquidated amount. This indicates a substantial presence of long positions in the market, with the rapid surge in SOL price forcing longs to close their positions, ultimately leading to widespread liquidation. It's noteworthy that liquidation events also occurred within the past hour, resulting in a total contract liquidation amount of $10.25 million across the network. Out of this, $8.16 million was attributed to long positions, representing 79.41% of the total liquidated amount. This highlights the persisting market nervousness, with longs still facing significant risk. Although SOL price has surged by 18.74% over the past 24 hours, the liquidation events serve as a reminder for investors that market volatility remains high, requiring cautious trading and risk management.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SOL multi-long liquidation scale is huge, with a total liquidation amount of 448 million USD in the past 24 hours.
Multi-long liquidation is the main reason for this event, accounting for 73.21% of the total liquidation amount.
SOL price surged significantly after the liquidation event, with a 18.74% increase in the past 24 hours.
The liquidation event may be related to the sharp fluctuation of SOL price, reminding investors to pay attention to risk control.