Solana's Price Hike Exposes Vulnerability to Liquidations
Solana (SOL) has seen its price increase to around $106.94 in recent hours, nearing resistance near $110.
However, the growth of open interest in Hyperliquid's SOL market has outpaced this recovery, leaving it increasingly vulnerable to forced liquidations on either side.
The 14.41% rise in open interest over the past 24 hours means that a loss of around $98.82 could weaken the recovery.