TREE NEWS reports: A trader has opened a 20x leveraged long position on SOL worth approximately $10.45 million. This follows the trader’s previous success, having earned over $11 million from a long ETH position.
Trader Opens $10.45M 20x Long on SOL, Profits $11M from ETH
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AI take
The move signals continued high-conviction appetite for leveraged longs on major altcoins, following a profitable ETH trade. This suggests some traders see SOL momentum as having further room, though 20x leverage magnifies liquidation risk sharply. The open question is whether similar-sized leveraged positions are building across the market, which could amplify volatility if the trend reverses.
Generated by AI for reference only.
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