📉 Solana Sees Heavy Liquidations but Holds Firm
Solana (SOL) continues to trade near $70 despite significant market deleveraging. Recent data shows Bitfinex whales have closed large long positions, reducing bullish exposure without triggering a major price breakdown.
According to CoinGlass, Solana recorded more than $16 million in long liquidations at the start of August—the largest daily wipeout of bullish positions in nearly a month. Even so, SOL's resilience suggests buyers are still defending key support levels.
This is not any financial advice.
August 3, 2026 1.1K
