SOLANA LIQUIDATIONS SPREAD ACROSS MULTIPLE PLATFORMS; XBIT ANALYSIS SHOWS INTENSIFIED ABNORMAL VOLATILITY ACROSS MULTIPLE INDICATORS

November 24, CoinWorld.com reports that amidst continued volatility in global financial markets driven by expectations of Federal Reserve policy, the crypto asset sector experienced significant fluctuations again today. The liquidation of funds related to Solana liquidations rapidly escalated, triggering a chain reaction in the market. While US stocks rebounded across the board on the last trading day before Thanksgiving, technology and AI-related assets continued to be the focus of attention, but the digital asset market experienced a sharp correction due to excessively high leverage levels in derivatives. Multiple on-chain monitoring agencies pointed out that the liquidation volume of Solana-related assets has increased significantly in the past 24 hours, spreading to multiple platforms and forcing a tightening of on-chain trading depth. XBIT decentralized exchange stated that it has recently monitored signals such as decreased activity in cross-chain liquidity pools and increased slippage, indicating a trend of intensified volatility.

Cre: Twitter: XBITDEX

European and Asian markets today also exhibited risk sentiment shifts highly correlated with crypto asset volatility. The European STOXX 600 index declined slightly by 0.33%, with some sectors under pressure due to adjustments in earnings expectations, while MSCI’s intraday adjustment of its China index triggered a redistribution effect in cross-border asset allocation. Asian markets opened higher due to expectations of a US interest rate cut, but major A-share indices still generally declined. Particularly noteworthy was the significant pullback in lithium mining and new energy sectors, further tightening already tense sentiment towards technology growth assets. In this market environment, demand for derivative risk management tools from digital asset investors has increased. XBIT analysis suggests that the rapid increase in Solana’s on-chain funding costs has exacerbated the pressure on the 24/7 liquidation model. When liquidity on some cross-chain bridges experienced intermittent freezes, the market transaction rate slowed, leading to instantaneous price jumps in some trading pairs.

According to CoinWorld, after midday in Asian trading, multiple institutions began simultaneously updating on-chain indicators in response to the further spread of the recent Solana liquidations. The concentration of liquidation orders increased simultaneously across multiple platforms, especially in contract trading environments with high fund concentration. XBIT, a decentralized on-chain trading platform, released a technical note stating that it has recently detected increased correlation between cross-asset quotes, indicating synchronized asset fluctuations driven by risk aversion. This often signifies short-term funds withdrawing from highly volatile assets. Meanwhile, adjustments to the list of securities in the technology sector for the Hong Kong Stock Connect program have increased liquidity demand related to blockchain infrastructure, further widening the divergence in fund flows between traditional and crypto assets. Industry experts point out that the current market trend is characterized by a faster transmission of sentiment between traditional finance and crypto assets, rather than being triggered solely by on-chain factors.

Cre: Twitter: XBITDEX

Against the backdrop of a holiday week rebound in the US stock market, tech stocks and AI-related themes once again became targets of capital inflows. Google’s stock price rose more than 3% to a new high, while Nvidia experienced significant intraday volatility but ultimately rebounded. In the digital asset market, AI-related crypto concepts also experienced unusual fluctuations. Analysts revealed that several quantitative strategies simultaneously adjusted their risk exposure due to changes in expectations of a Fed rate cut, triggering liquidations of leveraged positions on the Solana blockchain. The release of US strategic oil reserves caused oil prices to fluctuate around $78.5, indirectly impacting the pricing of some energy-related tokens. In Europe, discussions surrounding trade policy continued, with the EU expressing concern about the US expanding steel and aluminum tariffs and planning consultations with the US Commerce Secretary. Such policy uncertainty exacerbated volatility in cross-border capital flows and also created sentiment-level disturbances for risk assets. On the other hand, the MSCI index adjustment took effect after today’s market close, affecting sectors such as new energy and consumer goods in the A-share market, having an immediate impact on global investment portfolios. Against this backdrop, several quantitative and traditional funds simultaneously revised their exposure to crypto assets. XBIT industry observers point out that the most prominent feature of this round of Solana liquidations is its cross-platform, cross-market, and cross-asset interconnectivity, rather than the previous on-chain events limited to a single region. This characteristic has made it a focus of attention for global financial media and has prompted investors to re-examine on-chain risk control mechanisms.

Cre: Twitter: XBITDEX

According to data from Bijie.com, multiple market monitoring agencies are continuously tracking changes in on-chain liquidation volume, and the current growth rate of Solana-related liquidation volume remains high. Affected by factors such as a stronger US dollar, pressure on gold, and structural divergence in global stock markets, the overall volatility of risky assets has been further amplified. Industry analysts point out that this round of liquidation not only tested the market’s leverage tolerance but also prompted multiple institutions to simultaneously adjust their risk models. In the next 24 hours, the scale of automatic liquidation of derivative positions and changes in cross-chain liquidity will remain key observation points. XBIT analysts believe that this volatility reflects the increased sensitivity of global macroeconomic cycle changes to on-chain assets and will also drive institutions to further focus on the importance of decentralized platforms in terms of risk control transparency and mechanism design. With the arrival of a period of intensive data disclosure, market volatility may continue, but the performance of on-chain structures will remain an important basis for judging subsequent trends.