Solana Closes at $70.28 on Nov. 14 Amid Broader Wave of Liquidations
Key Facts
Solana closed at $70.28 on Nov. 14, down from $78.19 on Nov. 13, according to EL7 data. The close placed the token’s decline within a broader wave of pressure across the cryptocurrency market, as a CoinDesk report published on Nov. 13 said liquidations reached $1.64 billion over 24 hours. Long positions accounted for 88.7% of total losses, the report said. Published figures for liquidations and open interest reflect market conditions on Nov. 13, while the closing data are from Nov. 14. Breakpoint 2026 is scheduled to take place in London from Nov. 15 to 17, but its official dates do not establish that the conference caused Solana’s decline or determine the timing of a price bottom.
During the period covered by CoinDesk’s Nov. 13 report, open interest in Solana futures fell 8.6%, alongside a 3.6% decline in the price. The report said open interest fell “against a 3.6% price decline,” indicating that traders exited positions during that period. This reflects movement before the Nov. 14 close and does not by itself establish the cause of the subsequent decline. Spot Solana funds recorded outflows of $32.1 million in the week ended Nov. 13. The Block said it was the sixth consecutive week of outflows.
Market pressure came as U.S. inflation data for October strengthened expectations of tighter monetary policy. Annual inflation rose to 4% in October from 3.7% in September, according to the Associated Press. The report said futures were pricing in a 90% chance of a rate increase at the Federal Reserve’s Dec. 8 and 9 meeting. Expectations of a second increase in January also rose to more than 64%, after tripling between Monday and Tuesday before the report was published. The December meeting date was among the factors cited in earlier market coverage and, on its own, does not establish a specific causal link between rate expectations and Solana’s price movement.
On network activity, the Solana Foundation said the value of real-world assets tokenized on the network reached a record $5 billion in October, while decentralized exchange trading totaled $60 billion during the month. Issuances cited in the foundation’s report included U.S. stocks through Securitize, managed portfolios through Ondo, trade finance through PrimeRevenue, and Swiss gold through DGLD. The report shows that tokenized-asset activity and decentralized exchange trading reached elevated levels in October. Announced topics for the Breakpoint conference also focus on stablecoins, tokenized assets, payments and on-chain economic activity driven by artificial intelligence. The conference will be held at the Olympia Convention Centre in London from Nov. 15 to 17, according to the foundation’s official page.
Intraday price action displayed on Nov. 15 showed a 24-hour range of $67.350 to $76.180, with the price at $70.470 when the CoinGlass page was opened. This is a live reading tied to the time of access, not a historical close or proof of a bottom in the Nov. 14 session. The historical comparison available here therefore remains the Nov. 14 and Nov. 13 closes of $70.28 and $78.19, respectively. The Federal Reserve will hold its next meeting on Dec. 8 and 9, with a press conference scheduled for Dec. 9, according to the board’s official calendar. That date remains the most significant upcoming monetary-policy event cited in the available evidence.