SOL Liquidation Alert!
A massive $101K short position on $SOL got liquidated at a jaw-dropping $234.59!
What an absolute rollercoaster for SOL traders!
A major short-seller thought they had the upper hand, betting against the rise of Solana, but the market flipped the script.
As $SOL skyrocketed, this massive position got liquidated in a heartbeat!
What’s the fallout?
Liquidations like this send shockwaves through the market, causing rapid price action.
The liquidation of a large short position means there could be a short squeeze, pushing prices even higher as other shorts are forced to close.
The volatility is a double-edged sword: while some traders lose big, others might profit from this sudden move!
Will SOL continue its bullish run or face a pullback?
Only time will tell, but with $101K wiped out, you can bet the market will be reacting to this one for a while. #SolanaUSTD
