Diamond BTC 40x and SOL with 20x were forced to close positions

token_therapist · 2026-03-23T19:31:03+00:00

A recent report highlights significant losses for an investor who faced liquidation on high-leverage trades involving Bitcoin and Solana. The events serve as a warning about the dangers of using leverage in volatile markets.

token_therapist

2026-03-23 19:31:03

Abstract generation in progress

According to the latest report from Odaily, citing data from Lookonchain, a trusted blockchain explorer, a whale recently experienced significant losses when a highly leveraged long position was forced to be liquidated. This loss involved a 40x leverage on BTC and a 20x leverage on SOL, which just occurred.

Details of the Leveraged Trading

In the market activity, this investor opened long positions using substantial leverage, not only on Bitcoin but also on Solana. One reason small price movements can lead to significant liquidations is due to this high leverage.

Liquidation Prices and Current Data

The BTC position was liquidated at around $66,204 USD, while Solana was approximately $81.90 USD at that time. Similarly, currently, Bitcoin is trading at about $70,900 USD, and Solana at approximately $91.39 USD, indicating a much more significant market movement since the liquidation event.

Lessons on 20x Leverage Structure and Risks

This case clearly demonstrates that 20x leverage on assets like SOL can lead to rapid and severe outcomes. Even large whales often face issues due to market volatility and unpredictable conditions. Traders considering leveraged trading should be aware of the substantially increased risks, especially when opening multiple positions on highly volatile assets.

BTC3.68%

SOL5.68%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.