Solana’s derivatives market saw a major cleanup of leveraged long positions after a liquidation wave cleared crowded exposure below key price levels. The SOL/BTC pair returned to its rising trendline after an earlier breakout attempt failed, according to chart analysis shared by gnarleyquinn on X. Most leveraged long positions in Solana ($SOL) were liquidated after price moved through a dense liquidation zone, according to a heatmap shared by analyst CW on X. The chart places $SOL near $82.8 and shows that the biggest long liquidation clusters sat below that level, mainly between $80 and $83.
The tallest liquidation bars appear around $80 to $81, showing where leveraged longs were concentrated before the drop. Once $SOL entered that range, forced liquidations hit quickly and removed much of that exposure. Now, only a small amount of long liquidity remains near the current price. That suggests the market has already cleared most crowded bullish bets on the downside.
At the same time, the chart shows a larger band of possible short liquidations above the market, stretching toward the $90 to $97 area. Earlier, the pair attempted to break above the resistance area marked by the horizontal red line. However, the move did not hold, and price moved back into the pattern. After the rejection, SOL/BTC declined toward the upward trendline that has supported the structure since mid February.
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