#SOL Long & Short Liquidation#

The recent surge in SOL price has triggered a massive liquidation of long positions. Data shows that over the past 24 hours, the total liquidation amount across all exchanges reached $448 million, with $328 million of long positions liquidated, accounting for 73.21%. In the past hour alone, the total liquidation amount across all exchanges reached $10.25 million, with $8.16 million of long positions liquidated, accounting for 79.51%. This indicates that many investors were caught in the price rally and eventually had to liquidate their positions to stop losses. It's worth noting that SOL has surged by 18.74% in the past 24 hours and 13.90% in the past hour, indicating extremely bullish market sentiment and optimistic expectations for SOL's future performance. However, this rapid rise comes with substantial risks. If the market experiences a correction, it could lead to further liquidations for investors. Therefore, investors should exercise caution, manage their risks, and avoid chasing the rally when trading.