2026-01-14 22:37:05

Solana just broke through a key resistance level while the broader crypto market witnessed massive liquidations. Short position holders got wiped out to the tune of $689 million, signaling a potential shift in market sentiment. The move caught many traders off-guard, especially those betting on further downside. This kind of sharp liquidation cascade often comes when price action pierces through critical technical levels, forcing algorithmic positions to unwind rapidly. Market observers are watching closely to see if Solana can sustain above this breakout zone or if we'll see a retest of the level.

SOL-0,48%

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GateUser-9ad11037

· 5h ago

6.9 billion short positions exploded, this is the consequence of shorting haha

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ChainMemeDealer

· 5h ago

68.9 billion liquidation, shorts are directly wiped out. This market move really caught everyone off guard. --- This time, the breakdown of SOL feels different; finally, we can breathe a sigh of relief. --- Once again, people caught in the trap are crying, and those shorting are calling the market. It's so exciting. --- At the moment of the breakdown, how many short positions are flashing away? So satisfying. --- Waiting to see if SOL can hold its ground. It feels like there will be repeated tests. --- 68.9 million liquidation. This is when technical analysis speaks.

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MetaMisery

· 5h ago

689 million liquidation? The shorts are really going to cry now, SOL can't hold this wave anymore --- SOL breaking through resistance levels is so fierce, the algorithmic orders are probably torn apart --- It's the same old story, a breakdown must lead to liquidation, it's a miracle if it can hold steady --- Short-term aggressive liquidation? Feels like I need to reconsider the strategy --- No way, is someone still shorting SOL to death... --- This time, can it hold or will it retest? Let's see the volume later --- 689 million, now that's a real kill and psychological blow, the shorts are completely out of the game --- Breaking down is accompanied by liquidation, the market is that straightforward --- Feels like a new round of chasing highs is starting again, can't hold on anymore

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MEVSandwichMaker

· 5h ago

689m liquidation, shorts are directly wiped out. This rhythm is incredible. Solana's recent breakdown is really strong; how crazy must the automatic liquidation of algorithmic orders be? Let the rebound happen if it will, but the question is, can it hold steady? I think it might retest lower. Another wave of people who bought the dip are thrilled, while those shorting are crying their eyes out. I hate this kind of market the most; it's too easy to get swept out. Is breaking support really that simple?

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MEVHunter

· 5h ago

689 million short positions liquidated, the move to break the level was indeed fierce. I totally understand the feeling of algorithmic orders being torn apart, just imagine how outrageous that gas war in the mempool must have been.

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GweiTooHigh

· 6h ago

689 billion USD liquidation, shorts are directly wiped out. This wave of SOL is really fierce. Can SOL hold steady this time, or will it test again? Feels risky. Sigh... It's that kind of algorithmic liquidation chain reaction again, bloodbath every time. If it breaks the level, it crashes outright. Shorts don't react in time and are gone. Too ruthless. Contract killers are still the same, just waiting for you to place your bets.

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