A trader with a long position in Solana (SOL) experienced significant losses despite the market being in the green. According to Coinglass data, the trader's position was liquidated for around US$1.5 million or equivalent to nearly Rp25 billion at a price of US$228.47 on Monday (06/10).

In fact, Solana recorded a positive performance with a slight increase of 1% in the last 24 hours. This crypto asset is trading in the range of US$230, having touched a daily high of US$236 and a low of US$226.

According to CoinGlass data, a wave of large liquidations also occurred in the crypto market as a whole. A total of 106,794 traders were liquidated in the last 24 hours, with a total value reaching US$361.2 million or around Rp5.7 trillion.

This event serves as a reminder that high volatility in the digital asset market can be a double-edged sword. Even though prices are rising, large leverage positions without risk management can lead to massive losses.