The crypto market in the past two days can be described as 'accelerated heartbeat mode'. Whether it is Bitcoin, Ethereum, or the popular Solana, prices are rapidly fluctuating, driven by billions of dollars in long and short positions.
SOL has once again broken through $210
First, let's look at the popular cryptocurrency Solana (SOL). According to OKX data, the price of SOL has already exceeded $210, currently at $210.05, with a 24-hour increase of 6.35%.
This is undoubtedly a shot of adrenaline for the SOL community. Since the beginning of the year, SOL's performance has been quite impressive, and this breakthrough of $210 has refocused the market on its continued upward potential.
BTC: Both sides have 'ambushes'
If SOL is a small peak in the crypto market, then Bitcoin (BTC) is the 'conductor' that determines the overall situation.
According to Coinglass data, the key points for BTC have already surfaced:
• Once it breaks through $120,994, the liquidation amount of short positions on major exchanges will reach as high as $2.362 billion.
• Conversely, if it falls below $109,996, it will trigger $2.097 billion in long position liquidations.
In other words, BTC could bring about a 'bloodbath' of forced liquidations, whether it moves up or down. This is also one of the main reasons for the frequent market fluctuations recently—massive leveraged funds are in a 'tense standoff' in critical ranges.
ETH: The dividing line between long and short is getting closer
Meanwhile, Ethereum (ETH) has also entered a critical range:
• If the price falls below $4,547, bulls will face a liquidation pressure of $2.293 billion.
• However, if it can break through $5,016, then $1.626 billion in short positions will be forced to exit.
This means ETH is also facing severe fluctuations; even a slight change could trigger a large-scale 'stampede' from both long and short positions.
Summary: What will happen next?
From these sets of data, it is not difficult to see that the current crypto market is in a typical high-leverage gaming stage. Once the price touches key points, it will trigger a chain reaction like dominoes.
In the short term, SOL's strong rise may boost sentiment, but the large liquidation pressures on BTC and ETH are the key factors that truly influence the overall market direction.
For ordinary investors, this market is full of opportunities but also hides huge risks. If you are a long-term holder, you can observe the changes; but if you are a short-term trader, you must keep a close eye on these key price levels because once they break, the market may instantly enter 'rollercoaster mode'.
In summary: SOL is charging ahead, but the real drama might still be on BTC and ETH.
⸻
📌 Interactive Topic: Do you think BTC will break through $120,000 first, or will ETH rush to $5,000 first? Feel free to leave your thoughts in the comments, maybe the market will give an answer tomorrow!
