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Solana Reaches $104 on Binance After a 2.05% Hourly Drop

A tally across Binance, Bybit and OKX recorded $1.8 million in long liquidations and none for short positions during the same hour.

Updated 1 min read
An anonymous market participant checks a phone in Manhattan’s Financial District, New York. / EconoTimes.ai
An anonymous market participant checks a phone in Manhattan’s Financial District, New York. / EconoTimes.ai

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Solana (SOL) was at $104 on Binance at 11:25 a.m. ET Friday, Oct. 16, as the hour-long price comparison showed a 2.05% decline and a three-exchange tally recorded liquidations on long positions.

The price figure came from Binance's spot SOL/USDT market. The 2.05% move covers the hour ending at 11:25 a.m. ET (15:25 UTC); a separate 24-hour comparison put SOL down 1.10%. The two readings cover different periods.

Across Binance, Bybit and OKX, long liquidations totaled $1.8 million during the same hour, while short liquidations totaled $0. The tally covers activity on all three exchanges for the hour ending at the quoted price snapshot.

The figures differ from the previous day's snapshot, when SOL traded at $104 on Binance at 10:50 a.m. ET and the same exchanges recorded $1.77 million in short liquidations and $1.04 million in long liquidations during a separate hour. See the Oct. 15 SOL price and liquidation snapshot.

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