$SOL Short Liquidation: $6.58K at $84.86
đ What happened?
Short traders were liquidated as price moved up into $84.86, forcing bearish positions to close. This created a small buy-side liquidity spike, helping push price higher.
đ§ What it means
âą Indicates short-term bullish pressure
âą Likely a local resistance breakout or squeeze
âą Bears got trapped â fuel for upside continuation
đ Context
The size ($6.58K) is moderate, so it signals momentum but not a strong trend reversal alone. We need follow-through volume for a sustained move.
đ What to watch next
âą Holding above the liquidation level â bullish continuation
âą Rejection back below $84.8 â possible fake breakout
âą Next move depends on spot volume + open interest behavior