Solana Shorts Liquidated Near $210 — Short Squeeze Boost
I see Solana shorts were liquidated around $209.72 with about $81,791 of notional forced to cover, as reported by the trading bots at bpay_group. This looks like a short squeeze that created temporary buying pressure.
I view the event as a bullish near-term signal but not a guaranteed trend change — it can spark momentum or quickly reverse once stops are cleared. I remain cautious about size and stops.
Analysis
Recommendation
Consider a selective buy with tight stops or scale in gradually while monitoring for exhaustion or resistance; keep position sizes conservative and set stop-losses below recent support.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.