According to @EmberCN, a major whale closed a short position of 115,000 SOL (worth $20.13 million) just before liquidation, suffering a realized loss of $1.05 million (-86%). The whale closed the position at $175 per SOL as the price approached the liquidation threshold. This significant short squeeze highlights strong bullish momentum for Solana, signaling potential risk for traders holding large short positions. Such large-scale liquidations often contribute to increased volatility and upward price pressure in crypto markets. (Source: @EmberCN via Twitter, Bitget)