- Solana whales enhance long positions following major squeeze; price may surge.
- Possible Solana rally after $50M long squeeze.
- Analysts suggest bullish momentum with whale activity.
Whales in the Solana derivatives market are significantly impacting the cryptocurrency’s price trajectory following a $48-$50 million long squeeze on the Hyperliquid exchange. Analysts point towards a potential price surge to $300 as a reaction.
Post-Long Squeeze Repositioning
On the Hyperliquid exchange, large-scale traders added $8.5 million in new positions after a significant liquidation, suggesting a rebound potential. Analysts predict an upward trend towards a $300 valuation for Solana. As noted by a market analyst,
“The recent $48–$50M long squeeze in Solana derivatives triggered heavy liquidations, yet whales rapidly added new long exposure—interpreted as a bullish signal for a potential rebound towards $300.”
Whale Influence on Market Dynamics
Participants include large traders or “whales” active in the Solana derivatives market, focusing on Hyperliquid. They rapidly positioned for growth following the derivatives squeeze without direct involvement from Solana Foundation leadership. Rapid liquidations affected market stability, presenting a potential upside for remaining participants. Analysts believe increased whale activity post-squeeze may drive future price gains and maintain volatility.
Implications of Whale Activity
Such movements often lead to significant price shifts due to the clearing of excess leverage. As whales reposition, there is an opportunity for upward momentum, according to market analysts. With historical precedents of Solana rebounds post-liquidations, market actions from whales reflect previous patterns and may signal continued appreciation. Traders and market watchers anticipate further developments as activity unfolds.
