#SOL liquidations hit $448 million.#

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Overview

SOL surged significantly over the past 24 hours, with its price increasing by 18.74% to reach $261.06. However, this surge was accompanied by massive liquidations, with total liquidations across all exchanges reaching $448 million, out of which long positions accounted for $328 million, representing 73.21% of the total liquidated amount. SOL liquidations amounted to $56.97 million, representing 12.69% of the total liquidated amount. Notably, within the past hour, total liquidations across all exchanges reached $10.25 million, with SOL liquidations accounting for $1.68 million, or 16.46% of the total liquidated amount. This suggests that despite the significant price surge in SOL, market sentiment remains volatile, and investors should exercise caution.

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Analysis

SOL experienced a significant surge in the past 24 hours, with its price soaring by 18.74% to reach $261.06. However, this rally was accompanied by massive liquidations, with the total liquidation amount across all exchanges reaching $448 million. Of this, $328 million was from long positions, accounting for 73.21% of the total liquidations. SOL liquidations amounted to $56.97 million, representing 12.69% of the total liquidations.In the past hour, the total liquidation amount across all exchanges reached $10.25 million, with $8.16 million from long positions, representing 79.51% of the total liquidations. SOL liquidations amounted to $1.68 million, accounting for 16.46% of the total liquidations. This indicates that during SOL's significant price surge, many investors opted for long positions, but ultimately failed to succeed, resulting in massive liquidations. This serves as a reminder for investors to exercise caution and manage risk during periods of intense market volatility, avoiding excessive chasing of rallies or selling on dips.

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SOL liquidation events are mainly dominated by long positions

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SOL liquidation events occurred during the price surge of SOL

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SOL liquidation events resulted in a massive total liquidation amount across the entire network

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Among SOL liquidation events, the liquidation amount of SOL is relatively high

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