The recent increase in Solana prices by more than 14% to $ 152 last week sparked more than $ 20 million in short liquidations while the traders who were betting against the token found themselves on the wrong side of a bull tide.
In a dramatic turn of events, the cryptography market has resumed life this week while Bitcoin crossed the threshold of $ 93,000 for the first time in seven weeks, triggering massive liquidations which destroyed more than $ 600 million in lever -effect positions.
The sudden rally was attributed to a confluence of factors, in particular the improvement of the macroeconomic signals of Washington, DC, comments on prices and a strong inversion of the feeling of investors towards risk assets.
On April 22, President Trump surprised the markets by softening his position on the current trade war with China, suggesting that the prices on Chinese products can be considerably reduced, but not entirely deleted.
The Treasury Secretary, Scott Bessent, has strengthened this point of view, qualifying the unusual current prices.
These policy changes have been perceived as a green light by investors, the traditional and cryptographic markets responding with Vigor.
The 5% Bitcoin jump to $ 93,069 was equaled by a jump of 12% Ethereum at $ 1,768 and the 7% solara increase to $ 149, which then increased to $ 152. The total market capitalization of cryptography increased by 4% to exceed 3 dollars.
According to Coinglass, liquidations jumped 130% and open interests climbed to 121.6 billion dollars, reporting renewed confidence and a wave of lever effects through the ecosystem.
However, the Altcoin season index stayed at 16, confirming that we are still deep in the “Bitcoin season”.
Meanwhile, the Bitcoin ETF based in the United States recorded their third consecutive day of entrances, culminating at $ 936 million on April 22, the highest daily total since Trump took office earlier this year.
The traditional clues have joined the party, with the S&P 500, the Nasdaq and the Dow Jones increasing by more than 2.5% each.
Even gold has briefly increased to $ 3,500. All signs indicated an environment at risk, and the crypto, faithful to the form, responded quickly.
Solana defies gravity despite the unlocking of FTX tokens
While the entire cryptography market has skyrocketed, the overvoltage of Solana prices was particularly perplexed and impressive.
On the surface, it should have been increased by the recent unlocking of 11 million soil of the FTX in bankruptcy, worth around 1.6 billion dollars.
This represents the greatest release of token for FTX assets since January 2021. Historically, these fellows of tokens depress prices due to the sudden increase in the supply in circulation. Not this time.
Market analysts believe that unlocking had been fully assessed. According to Matthew Nay, research analyst at Messari, Solana had been arguing and the market was preparing for this event for months.
Instead of collapsing, Sol has become the subject of a renewal of institutional interest, partly due to improvements in the upcoming protocol.
The chain movements have further strengthened the case of Solana. A notable cryptocurrency, which began to mark out when Sol was estimated at only $ 27 in 2021, recently bare 100,000 tokens worth $ 13.9 million and deposited them in Binance.
Solana Whale Sac $ 153 million benefiting from the game of clearing at 4 years while institutional interest moves to the growing soil ecosystem.#Solana #Cryptowhalehttps://t.co/amfo68keko
– cryptonews.com (@cryptonews) April 22, 2025
Solana Whale Sac $ 153 million benefiting from the game of clearing at 4 years while institutional interest moves to the growing soil ecosystem.The same portfolio, which initially marked almost a million floors, now holds around 1.19 million soil worth more than $ 166 million.
This long -term strategy reported $ 153 million in profits. These movements reveal a strong conviction among the first adopters and whales.
Earlier this month, four portfolios unlocked $ 37 million in stretched soil that had appreciated $ 206 million in value.
Some $ 50 million was quickly sold, and for a brief window, the marked value of Solana exceeded that of Ethereum, reaching $ 53 billion.
While ETH quickly recovered first place, the flip was a symbolic step in the current competition between the two networks.
Solana Action Price VS Ethereum Action Price: A technical and sentimental change
The veteran veteran Peter Brandt threw fuel on Solana’s fire with a tweet highlighting a bull model “cup and sleeve” forming on the soleth trading pair.
According to Brandt, this classic graphics training signals an imminent break that could see Solana considerably surpass Ethereum.
Its price objectives suggest that soil could earn more than 100% against ETH, a daring complaint supported by technical indicators such as the increase in the volume of negotiation and the weighted moving means.
The wider market seems to agree. On April 21, Ark Invest by Cathe Wood revealed its first direct purchase of soil, marking a significant change compared to its previous allowances, which had focused on Ethereum and Bitcoin.
Likewise, Galaxy Digital would have started to turn from Ethereum and Solana.
According to data on the Lookonchain chain, the firm recently deposited 65,600 ETH, worth more than $ 106 million, in Binance and withdrew around 752,240 soils worth $ 105 million.
These funds were then distributed on several portfolios, indicating a strategic repositioning of assets.
While Ethereum maintains a clear advance in the total locked value (TVL) and the activity of the developer, the recent progress of Solana gave it a notable upheaval.
With a technical momentum, a whale condemnation, an institutional rotation and an all -converging bullish feeling, Solana’s overvoltage exceeded $ 152 can be close.
The position of $ 20 million in Solana Anéanti shorts: Sol Price Surge at $ 152 triggers mass liquidations appeared first on Cryptonews.
