Conclusion first: SOL is up 8.4% over this day. Across the market, $29.81 million was liquidated, and nine-tenths of it was dumped on short sellers—and the later it gets into the night, the harsher it gets.
Current price is $117.1. Over the last 24 hours, the high was $118.2 and the low was $107.9. The gains on Binance and OKX are consistent, both capping at 8.4%.
The liquidation pace for shorts is still accelerating: in the past 24 hours, 89% were shorts; in the past 4 hours, it climbed to 93%; and in the past hour, out of $3.32 million, 98% were shorts. Those chasing shorts haven’t stopped by night, and those getting liquidated haven’t stopped either.
The largest single order was a short position of 8,467 coins on Binance—$115.88 was liquidated, for a single trade of $980,000. In the first six liquidations of the day, all were shorts; longs couldn’t even get on the leaderboard. On Hyperliquid it’s even more extreme: in $2.30 million of liquidations, longs accounted for only $63.
Binance and OKX liquidated two-thirds of SOL’s entire market-wide liquidation.
$SOL $BTC
Up 8.4%—did you jump in, or are you still holding short positions?
Check live: https://www.coinboss.com/currencies/SOL