A 3.20% one-hour decline in Solana (SOL) coincided with $24.85 million in liquidated long positions across Binance, Bybit and OKX during the period ending Sunday, Nov. 8, at 4:56 p.m. ET (21:56 UTC).
SOL fell from $89.14 to $86.29 over that hour. Public data from the three exchanges also showed $10,000 in short liquidations.
The count covers activity on those venues only; it leaves out positions closed on other exchanges. Long positions typically gain value when prices rise and lose value when they fall, while short positions are positioned to gain during declines. The liquidation amounts measure the value of positions closed during the period, not traders’ final realized losses.
A Nov. 5 EconoTimes report on Solana liquidations covered a separate one-hour decline of 2.63% to $92.90. It recorded $10.83 million in long liquidations and $20,000 in shorts across the same exchanges. The two tallies cover separate one-hour periods.
