A trader known as “Cool-Headed Lone King” has established a take-profit limit order for a 20x short position on $SOL while maintaining a $26.78 million position. The decision reflects a strategic approach to managing risk in the volatile cryptocurrency market. By setting a take-profit limit, the trader aims to secure gains from the anticipated decline in $SOL’s value. This move indicates a calculated effort to capitalize on market fluctuations while protecting a significant investment. The trader’s actions may influence other market participants and highlight the ongoing interest in short-selling strategies within the cryptocurrency space.
