Solana

United

Bitcoin

In the last 24 hours, the cryptocurrency market has experienced liquidations totaling more than $63 million, with around $45 million coming from short positions. The price of <a href="https://optimisus.com/news/crypto-news/solanas-price-surges-by-over-8-from-165-to-a-high-of-180/">Solana (SOL) rose above $187</a>, resulting in the liquidation of around $4 million worth of negative positions.   
Poodlana experienced a significant increase in presale value, surpassing $3 million, primarily driven by investor demand in Asia. Although there was a substantial decrease of 67% in overall crypto liquidations, the market nonetheless witnessed a noteworthy number of pessimistic wagers.   
The liquidations on the Solana platform amounted to $4.95 million, as users were compelled to liquidate their positions due to the SOL price surging by more than 5% and reaching a peak of $188.   
Bitcoin experienced the liquidation of more than $16 million worth of short positions, while Ethereum contributed approximately $7 million to the total short positions.   
VanEck, an ETF provider that has submitted an application for a Solana spot ETF with the US Securities and Exchange Commission, is anticipated to obtain approval for SOL ETFs in the United States by 2025.   
Recenlty, a crypto analyst, <a href="https://optimisus.com/news/crypto-news/a-crypto-analyst-predicts-solana-will-rally-above-1000-soon/">Ali Martinez foresees a substantial surge in the value of&nbsp;Solana (SOL)</a>, relying on past price trends and technical patterns. Furthermore, he believes that SOL has the potential to surpass $1,000. 
The post <a href="https://optimisus.com/news/crypto-news/over-4-million-short-positions-liquidated-as-solana-sol-price-rose-to-above-187/">Over $4 million in short positions liquidated as Solana’s (SOL) price rose to above $187</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

Over $4 million in short positions liquidated as Solana’s (SOL) price rose to above $187

Optimisus

Other articles published on Jul 27, 2024

Grayscale Ethereum Trust ETF records net outflows of $1.5B

‘No US Dollar by 2045’: Samson Mow Responds To Michael Saylor’s BTC Prediction

BlackRock’s Bitcoin ETF Sees Continued Inflows Despite Decline in Positive Market Sentiment

Get In On the Action: Kaspa & Dogwifhat Prices Climb, BlockDAG X1 App’s Launch Propels Presale to...

The Next Bitcoin? Emerging Cryptocurrencies with Massive Potential:

Chainlink Join Hands With Wenia to Boost Transparency of Colombian Peso-Backed Stablecoin

Join our free newsletter for daily crypto updates!