A whale that achieved a short gain exceeding $10 million on $SOL has decided to further short the asset using 20x leverage. This move indicates a strategic approach to capitalize on market fluctuations. Leveraging allows traders to amplify their positions, which can lead to significant gains or losses. The decision to short $SOL suggests that the whale anticipates a decline in the asset’s value. Such trading strategies are common among experienced investors looking to maximize their returns in volatile markets.
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