Solana (SOL) has increased by 4.85% to 124.34 USD, resulting in substantial liquidations for short sellers. Total liquidations for SOL hit 14.69 million USD, dwarfing the 5.22 million USD recorded for XRP.
Short sellers in SOL faced serious losses, totaling 12.53 million USD, while those in long positions only lost 2.16 million USD. In comparison, XRP traders lost 1.84 million USD from long positions and 3.38 million USD from shorts.
The recent movements indicate a shift in trader sentiment towards bullishness, prompting more traders to consider long positions. Concurrently, the overall cryptocurrency market cap saw a rise of 1.41% within the past 24 hours.
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