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## The bulls are back in SOL! 🚀
**The big picture:**
Solana has just made an impressive comeback, leading the top 10 cryptocurrencies with a strong daily gain of 4%! 📈 While the broader market remained relatively flat, SOL broke free and showed serious strength.
**What is behind this movement:**
1. **Liquidation Drama** 💥
- More than $15 million has been wiped from positions in 24 hours.
- Short sellers took the biggest hit: $10.48 million compared to only $4.95 million for buying
- This is a massive filtering error of 111.7% in favor of the bulls!
2. **Chart Movement** 📊
Looking at the 4-hour data on BingX, SOL bounced back from a low of around $199-200 to above $203, indicating buyer entry at key support levels.
3. **Noise of Exchange-Traded Funds** 🔥
The potential approval of the Solana exchange-traded fund creates a strong fear of missing out - market watchers are becoming more optimistic about institutional adoption!
**Main Summary:**
This was not just a random pump - the bears were being absolutely destroyed while the bulls took control! ?? The fact that short selling has been under this kind of pressure suggests that there may be more upside on the way.
The information mentioned above does not constitute investment advice.