Solana traders accumulate $1.8bn leverage position at $78 support level
Traders defending Solana's $78 price level have built up a substantial leveraged position while paying financing rates at their highest in 11 months.
A $1.8 billion leverage position has accumulated on Solana as traders defend the $78 price level using elevated financing costs. The rates traders are paying to maintain these positions have reached an 11-month high, according to the material provided.
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