$SOL in long positions was liquidated, totaling $994,000, with the price around 103.6324.
Liquidations themselves create passive order flow in the direction of the trend: liquidated longs are forced to sell, so the market may continue moving lower. We can only assess the situation once the concentrated liquidations are over.
Which side do you think will get shaken out first next—longs or shorts?
#SOL
Liquidations themselves create passive order flow in the direction of the trend: liquidated longs are forced to sell, so the market may continue moving lower. We can only assess the situation once the concentrated liquidations are over.
Which side do you think will get shaken out first next—longs or shorts?
#SOL