Add as a preferred source on GoogleAddress Opens $2.22 Million SOXL Long After Two Liquidations
The two earlier positions, valued at $5.42 million and $4.97 million, were liquidated for losses totaling $586,000.
A crypto address opened a $2.22 million long position in the Direxion Daily Semiconductor Bull 3X ETF (SOXL) after two liquidations produced combined losses of $586,000.
The new position was opened two minutes after the second liquidation. It had not been liquidated as of 9:02 p.m. ET Thursday (01:02 UTC Friday). SOXL is a triple-leveraged semiconductor ETF.
Earlier Thursday, the address opened a $5.42 million SOXL long at 11 a.m. ET (15:00 UTC). It was liquidated in less than a minute, with a loss of $316,000.
At 1 p.m. ET (17:00 UTC), the address opened another long, valued at $4.97 million. That position was liquidated about two hours later, with a loss of $270,000.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.