Solana’s Price Set for Potential Surge Amidst Growing Short Exposure

Solana’s price is poised for a market shift as short positions reach an alarming level, increasing the risk of cascading liquidations. Data indicates that over 75% of total exposure to Solana (SOL) rests with exchanges like Bybit, Binance, and OKX, concentrated in particular zones between $198.8 and $204.2. This concentration raises concerns about multiple platforms potentially triggering a chain reaction, accelerating the price’s upward momentum.