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Solier (LAYER) collapses by 45% within a few hours: What happened?
The 45% collapse of Solier due to weak liquidity, continued liquidation, and whale selling sparks panic in the market.
The upcoming opening on May 11 for 26.5 million tokens raises concerns about increased selling unless sentiment improves before the influx of supply.
Despite the recovery in long positions, the fragile support at $1.90 could lead to another drop if the recovery fails to hold.
Increasing long positions while LAYER struggles below $1.90
The outlook for LAYER remains highly uncertain as its price struggles to stay above $1.90 after a sharp decline.
Traders and investors are still seeking clarity on the reason for the collapse, while sentiment remains fragile before the token opening on May 11.
In this context, the current long/short ratio of 1.45 reveals a significant shift—more traders are now betting on a rebound, with 59.2% of positions long versus 40.8% short.
This increasing long bias may indicate that some believe the worst is over, especially after aggressive selling.
However, it also presents a new risk: if LAYER fails to recover and drops further, these new long positions could be liquidated just as before—potentially leading to another wave of forced selling.