Whale Drops $18.81M Leveraged Bet on SOL Like It's a Lemonade Stand 🍋

A newly funded wallet opened a 20x leveraged long position worth 230,583 SOL, valued at $18.81 million, according to Lookonchain data. The position generated more than $818,000 in unrealized profit within a day, with a liquidation price set at $67.14.

Binance data showed that 64.71% of top trader accounts held long positions, while 35.29% remained short. That distribution produced a Long/Short Ratio of 1.83, confirming a clear bullish bias among professional traders that aligned with the newly opened whale trade.

Solana reclaimed the $78.50 resistance level and traded near $81.30 after buyers defended the $67.39 support zone. Price approached the next resistance around $88.10, placing the recovery within a broader rebound rather than a confirmed breakout. The 14-day Relative Strength Index climbed to 64.41, remaining above its 50.60 signal average and indicating strengthening buying pressure without reaching overbought conditions above 70.

The recent advance produced a sequence of higher lows following June's sharp decline, reinforcing the recovery structure. SOL still needed to reclaim $88.10 before opening a path toward the major resistance near $100.87, where sellers had repeatedly regained control during previous rallies.

The Liquidation Heatmap identified the largest concentration of leveraged liquidity around $80, placing the biggest liquidation pocket less than 2% below SOL's market price. With 64.71% of Binance's top trader accounts already holding long positions, crowded bullish exposure increased the probability that losing $80 would amplify volatility and trigger cascading long liquidations as leveraged positions closed automatically.