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SOL crashes 5%! 74 chasing longs got trapped? Whale short liquidation price at 84.88, a reversal signal has appeared!
Brother Wang's view: The bears are at their last strength, support below is solid, and the rebound could trigger at any time.
Brothers, chasing longs at 74 and getting trapped by 5 points, now at 69.5, are you panicking? Don’t worry, Brother Wang will break down the truth.
Why did it fall? Whales opened 550k SOL short positions at 20x leverage on Hyperliquid, average price 69.23, pushing the price down hard. Plus, Circle issued an additional 250 million USDC this morning, short-term sentiment is bearish.
But you must understand these three major signals:
Whale short liquidation price at 84.88—he’s more afraid of a rise than you, a small push will cause a explosion.
Open interest continues to rise amid decline, not retail investors cutting losses, but big players quietly accumulating.
Today’s low is 69.5, the 70 level held firm, with strong support at 67-68.
Two ways to get out:
If you have bullets: add at 69-70 for the first position, add at 68-69 for the second, average up to 71.5, and a rebound to 72-73 will directly unlock profits.
No bullets: hold tight and don’t move, liquidity above 74 is thin, if bulls counterattack, easily reclaim 72-73, 74-75.
Selling now? That’s just giving whales your money! Stay steady, this move can not only unlock your position but also bring big gains.
For more real-time analysis, Brother Wang continues to break down during trading, stay tuned and don’t fall behind.
#0成本拿2股SK海力士 #美光与Anthropic达成战略合作 $SOL