Whale Liquidates SOL Short Position to Avoid Liquidation

According to BlockBeats, an on-chain analyst named Yu Jin reported that a whale recently closed a short position of 115,000 SOL as the liquidation price approached. The whale sold the SOL short position at $175 per SOL, totaling $20.13 million. This resulted in a loss of $1.05 million, with a loss rate of 86%. If the position had not been closed in time, it would have faced liquidation.