Solana Liquidation Imbalance: $6.77 Million Wipeout as Bulls Face Massive Losses

The cryptocurrency market is experiencing significant price volatility, leading to heavy losses for traders betting on bullish positions in major altcoins. A recent example of this trend has been the dramatic liquidation of Solana (SOL) traders. Data from Coinglass reveals a massive one-sided sell-off on SOL over the past hour, resulting in a $6.77 million loss for bulls alone.