Solana ($SOL ) has recently experienced significant market volatility, leading to substantial liquidations of both long and short positions.
In the past 24 hours, $SOL 's total liquidations amounted to approximately $60 million, with long positions accounting for over $57 million.
Notably, a recent price drop below $215 triggered a cascade of margin calls and forced closures, resulting in these substantial liquidations.
These liquidations reflect the heightened volatility in $SOL 's price, which has seen significant fluctuations in recent days.
Traders should exercise caution and consider the inherent risks associated with leveraged positions in such a volatile market environment.