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Just saw a big move on the blockchain, a certain whale address opened a long position of 78k SOL, using 3x leverage to go long, with a total value of about 7.5 million USD.
The liquidation price for this position is $36.05, meaning if SOL drops to that level, it will be forcibly liquidated.
This kind of 3x leveraged long position is still quite aggressive in the current market environment, indicating that this whale is still fairly optimistic about SOL's recent trend.
The scale of 78k tokens on the chain is also enough to cause a stir, and it’s worth paying attention to the subsequent movements of this position.