$2.0M of leveraged $SOL long positions were liquidated across the major venues in the last 30 minutes. Exchanges shut them because the margin behind them could no longer carry the losses.
Short sellers barely felt it. Liquidations on bets against Solana came to $67.00 over the same window, so the damage sat almost entirely with traders who borrowed to bet on a rise.
The count comes from the raw liquidation streams of the major venues, so it covers what those exchanges reported rather than every venue in the market.
Short sellers barely felt it. Liquidations on bets against Solana came to $67.00 over the same window, so the damage sat almost entirely with traders who borrowed to bet on a rise.
The count comes from the raw liquidation streams of the major venues, so it covers what those exchanges reported rather than every venue in the market.