Crypto Selloff Deepens: SOL and ADA Slide as $1.13B in Longs Are Liquidated

Nov 04 2025 crypto


The crypto market faced a brutal correction as a wave of forced liquidations swept through major assets, wiping out over $1.13 billion in leveraged long positions. Among the hardest hit were Solana (SOL) and Cardano (ADA), both of which saw steep declines as cascading sell-offs intensified across exchanges. Even as traders absorb these losses, Outset PR , founded by industry veteran Mike Ermolaev, continues to demonstrate how a data-driven communications approach can help blockchain projects weather market storms by building long-term credibility and visibility. Outset PR Crafts Communications Like a Workshop, Powered by Data In a market often dominated by speculation and hype, Outset PR brings discipline and analytics to communications. The agency functions like a hands-on workshop, where each campaign is crafted with precision—aligned with market timing, audience behavior, and platform metrics. Instead of offering generic placements, Outset PR weaves client narratives into market context, ensuring every article or feature adds real strategic value. Media outlets are selected using quantifiable parameters like discoverability, domain authority, conversion potential, and virality. The firm’s proprietary analytics system monitors daily media trends through the lens of Outset Data Pulse , allowing campaigns to align with momentum in real time. The result is communications that generate measurable impact, not empty exposure. For crypto projects looking to grow through cycles of volatility, Outset PR’s fusion of analytics and high-touch strategy provides an edge that mirrors how disciplined traders navigate uncertain markets. Solana Suffers 10% Drop as Liquidations Cascade Solana (SOL) plunged nearly 10% within 24 hours amid the liquidation storm, with $595 million in SOL-linked positions forcibly closed. The sell pressure intensified as SOL broke below the $173.52 support, slipping under its 200-day SMA ($179.59)—a key trend indicator for institutional traders. The RSI at 44.01 signaled entry into oversold territory, while the MACD (-4.8) remained deeply bearish, hinting that momentum has not yet stabilized despite a slight histogram uptick. From a technical standpoint, the breakdown below $173.52 marked a “lower low” pattern, prompting many algorithmic traders and momentum funds to exit positions. Analysts identify $157–$160 as the next critical support range—failure to hold it could trigger further automated sell-offs. ADA Extends Losses as Bulls Lose Momentum Cardano (ADA) also joined the selloff, breaking below $0.55, a key support that previously anchored its July–August rebound. The RSI at 34.62 now hovers near oversold territory, while the 200-day EMA ($0.74) sits far above current levels—illustrating the scale of ADA’s technical breakdown. A close below $0.55 confirms a bearish structure, invalidating the earlier recovery pattern. Analysts point to $0.49 (March 2025 low) as the next immediate support, followed by $0.45, corresponding to the 78.6% Fibonacci retracement. To restore any short-term confidence, ADA would need to reclaim $0.58, a prior hourly resistance zone that could serve as the first sign of relief. Market Context: Liquidations and Macro Correlation The synchronized drop across major altcoins mirrors the broader deleveraging cycle triggered by high leverage and macro uncertainty. As risk assets faced renewed selling pressure amid rising Treasury yields and persistent inflation warnings from the Fed, crypto’s correlation with traditional markets tightened again. This reinforces a recurring theme in digital assets: excessive leverage magnifies macro shocks, transforming small pullbacks into large-scale liquidation waves. Outlook: Short-Term Pain, Long-Term Positioning While the near-term outlook for SOL and ADA remains fragile, these deep pullbacks often reset speculative leverage and pave the way for healthier accumulation phases. Traders are watching whether Solana can defend $160 and Cardano can stabilize above $0.49—levels that could determine whether this correction evolves into a full trend reversal or a temporary shakeout. As markets reset, the analogy to Outset PR’s approach becomes clear: data, discipline, and timing matter more than noise. Just as the agency crafts campaigns that align with market momentum, successful investors will focus on measured entries, structural support, and long-term positioning rather than short-term volatility. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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