Odaily Planet Daily reports, according to Lookonchain monitoring, a trader went long on 20,000 ETH worth $49.9 million before the market rally, earning over $11 million in profit; the trader has just established a 20x leveraged long position of 100,000 SOL worth $10.45 million.
Trader Earns Over $11M in Profit, Opens 20x Leveraged 100,000 SOL Long Position
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Summary
A trader earned over $11 million in profit using position trading by opening a 20x leveraged 100,000 SOL long position. The initial move involved going long on 20,000 ETH before the rally, with the position valued at $49.9 million. The new position is now worth $10.45 million, demonstrating careful position sizing in volatile markets.
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