The "short" strategy against SOL will cost the trader dearly: the loss has exceeded $22 thousand

A troubling story is unfolding in the market. One of the prominent traders, whose reputation was built on impressive performance, has fallen into a trap of an unsuccessful short position. The trade involved a short on Solana with a volume of 2,000 SOL, totaling approximately $272 000.

Position Details and Current Situation

The trader used 3x leverage when entering the position. The average entry price was $124.91 per token. At the time of analysis, unrealized losses reached $22 000 — a significant amount that demonstrates how painful incorrect market forecasts can be.

With SOL currently priced at $141.99, the trader’s position is in considerable danger. The liquidation level is set at $236.43 per token — meaning if the price rises by about 66% from the current level, the position will be automatically closed.

What does this mean

This story serves as a reminder of the risks of using leverage in trading. Even experienced market participants can misjudge the movement of an asset. Such situations often become an important lesson for the entire crypto community about the necessity of proper risk management and position sizing.