Solana (SOL) may experience a significant market event known as a short squeeze if its price surpasses $200. This could lead to $1.2 billion worth of short positions being liquidated, causing a sharp increase in price as traders are forced to buy back SOL. The current price of SOL is around $168.6, and there is a high concentration of short positions up to the $200 mark. If SOL exceeds this level, cascading liquidations could occur, pushing the price even higher. Factors that could contribute to SOL surpassing $200 include the re-entry of FTX creditors into the market and bullish news related to Solana's ecosystem. However, short squeezes pose risks for high-leverage short account holders, so risk management is crucial.



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