Just now, Binance liquidated a long position in SOLUSDT perpetuals: 5,434.24 Solana ($SOL ) at an average price of 110.36 USDT, worth approximately $600,000. Leveraged longs on the downside are being flushed out; the selling is coming more from liquidations than from a surge in active spot selling.
The current price is 110.42, just 0.06 USDT above the liquidation price, up 0.09% over the past 24 hours. The price is almost right on the liquidation level, and this $600,000 exit happened within a narrow range: the leveraged position was liquidated, but the price itself did not make a sustained move downward. We can confirm who was selling in this trade—the long position was forcibly closed—but this trade alone doesn’t show who actively bought into it.
A single liquidation doesn’t mean positions have been fully cleared out. Whether open interest continues to fall is a more useful guide to capital flows than treating 110.42 as a directional signal.
Liquidation #CapitalFlows
The current price is 110.42, just 0.06 USDT above the liquidation price, up 0.09% over the past 24 hours. The price is almost right on the liquidation level, and this $600,000 exit happened within a narrow range: the leveraged position was liquidated, but the price itself did not make a sustained move downward. We can confirm who was selling in this trade—the long position was forcibly closed—but this trade alone doesn’t show who actively bought into it.
A single liquidation doesn’t mean positions have been fully cleared out. Whether open interest continues to fall is a more useful guide to capital flows than treating 110.42 as a directional signal.
Liquidation #CapitalFlows