Crypto Market Faces Liquidations Amid Macro Warnings, Solana Navigates Volatility
Crypto Market Faces Liquidations Amid Macro Warnings, Solana Navigates Volatility
The crypto market experienced significant turbulence, marked by over $1.3 billion in liquidations from a brutal sell-off, though some investors capitalized on the downturn. This volatility comes amidst broader market warnings from renowned investors Michael Burry and Warren Buffett, who signal potential dangers and overheating conditions in traditional markets. Meanwhile, a major altcoin, Solana, is navigating its own challenges, facing bearish technical indicators but showing signs that the worst may be over as it approaches a critical support level for a potential rebound.
A brutal market sell-off wiped out over a billion dollars in leveraged trades, yet one savvy whale turned the turmoil into triumph—bagging $36 million by shorting the crash.
Two of the most respected contrarian investors, Michael Burry and Warren Buffett, are signaling danger ahead. Burry’s latest 13F filing reveals large, long-dated put positions stretching into 2027, mirroring his legendary 2008 short strategy.
Solana price drop has rattled traders, but not all signals are bearish. With long positions mostly cleared and holder outflows easing, the downside risk could soon fade. The $155 level now stands as Solana’s crucial make-or-break zone for a possible rebound.