🚨 MANY ARE WATCHING THE LIQUIDATIONS OF SOL...
BUT I THINK THEY’RE DRAWING THE WRONG CONCLUSION
In the last 24 hours, around $32 million in SOL positions were liquidated.
The liquidations mainly affected long positions, although without the capitulation seen in other assets.
And for many, that’s enough to say:
"It turned bearish."
I don’t see it that way.
Because liquidations only show what already happened.
Not necessarily where the market is headed next.
When I look at the full context, I find a different story.
📊 SOL continues trading within an approximate range of $60 to $76.
📊 Price remains near the POC, an area where the market often seeks balance before deciding on a direction.
📊 The Long/Short Ratio stays practically 50/50.
📊 Funding is still mostly positive, showing no extreme positioning.
And the most interesting data:
The main liquidity clusters on higher timeframes continue to concentrate above the price.
Can a tactical short appear?
Yes.
If price is rejected again at the POC, there is still short-term liquidity below that could be targeted.
But that doesn’t change the context.
📌 For now, SOL is still showing a balanced structure.
And as long as that structure remains intact, the main liquidity targets continue to sit above the current price.
The liquidations explain the move that already happened.
Structure and liquidity help you understand what could come next.
Do you think SOL changed its context or that it’s still building the next move? 👇📊
BUT I THINK THEY’RE DRAWING THE WRONG CONCLUSION
In the last 24 hours, around $32 million in SOL positions were liquidated.
The liquidations mainly affected long positions, although without the capitulation seen in other assets.
And for many, that’s enough to say:
"It turned bearish."
I don’t see it that way.
Because liquidations only show what already happened.
Not necessarily where the market is headed next.
When I look at the full context, I find a different story.
📊 SOL continues trading within an approximate range of $60 to $76.
📊 Price remains near the POC, an area where the market often seeks balance before deciding on a direction.
📊 The Long/Short Ratio stays practically 50/50.
📊 Funding is still mostly positive, showing no extreme positioning.
And the most interesting data:
The main liquidity clusters on higher timeframes continue to concentrate above the price.
Can a tactical short appear?
Yes.
If price is rejected again at the POC, there is still short-term liquidity below that could be targeted.
But that doesn’t change the context.
📌 For now, SOL is still showing a balanced structure.
And as long as that structure remains intact, the main liquidity targets continue to sit above the current price.
The liquidations explain the move that already happened.
Structure and liquidity help you understand what could come next.
Do you think SOL changed its context or that it’s still building the next move? 👇📊