A trader has raised their short position on $SOL to $53 million, currently realizing a floating profit of $11.5 million. This significant increase reflects the trader’s strategy in the cryptocurrency market. The decision to expand the short position indicates a bearish outlook on $SOL’s future performance. With the floating profit, the trader is positioned to benefit from potential declines in the asset’s value. The move highlights ongoing volatility and trading strategies within the cryptocurrency sector.
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