Solana Surges 7.2% to $156, Liquidates $4M in Shorts; Bitcoin Eyes Record High

In a significant movement in the cryptocurrency market, Solana's ($SOL) value surged by 7.2% on May 6, reaching a high of $156 after trading at $148 and then $155. This increase, which marked a 6.7% rise in 24 hours, led to the liquidation of over $4 million worth of short positions in just 30 minutes, with the largest single liquidation order amounting to $780,000. Concurrently, Bitcoin ($BTC) is poised for a potential surge, with predictions that over $10 billion in shorts could be liquidated if it reaches its all-time high.