Solana Rises 2.15% as $2.66M in Shorts Liquidated
Solana rose 2.15% to $112 as short positions totaling $2.66 million were liquidated within a one-hour window.
Solana rose 2.15% to reach $112, driven by $2.66 million in short positions liquidated within a single one-hour timeframe, according to data from Pluang. The price movement highlights short-term volatility as leveraged bearish bets were cleared from the market.
Market Action and Liquidations
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The liquidation event occurred rapidly over one hour, putting upward pressure on the asset as short sellers were forced to buy back positions. The total volume of liquidated shorts reached $2.66 million during this period.
Key facts
- Solana rose 2.15% to trade at $112, according to Pluang.
- Short positions totaling $2.66 million were liquidated within one hour.
Source: news.google.com
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