This alert shows that a long position on Solana (SOL) was liquidated:
๐ Liquidation Details
๐ด Liquidated Long: The trader bet that SOL would go up, but the price dropped instead.
#SOL: Refers to Solana.
$49.3K: Total size of the long position that got liquidated.
@ $145.36: The price of SOL at the time the liquidation occurred.
โ ๏ธ What It Signals
The trader was likely using leverage, and the price hit their liquidation threshold.
A liquidation of this size ($49.3K) isnโt massive by institutional standards, but it adds to sell pressure.
Multiple liquidations like this across the market can create or signal a cascading effect (aka a liquidation cascade), pushing prices down further.
Would you like to track live liquidation alerts or see recent SOL support/resistance levels.
