Over $120 Million in Solana Long Positions Liquidated in 24 Hours

Data shows a sharp wave of liquidations affecting Solana traders, underscoring recent market volatility in the cryptocurrency sector.

SOL

42d ago

Summary

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Terms & Concepts

Liquidation: The forced closure of a leveraged position due to insufficient margin to cover potential losses.
Long Position: A trading strategy where an investor bets that the price of an asset will rise.
Solana (SOL): A high-performance blockchain known for its fast transaction speeds and low fees.