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A trader with a 78% win rate in SOL trades has opened a new five-times leveraged long position worth 164,642 SOL ($19.78 million), according to on-chain analytics firm Hupzy, formerly Spot On Chain. The liquidation price is $99.68, and the trader’s cumulative profit from SOL trades stands at $4.74 million based on on-chain records. Hupzy said the position size and the trader’s past performance suggest it is difficult to view the move as a simple wallet transfer, adding that if SOL approaches $99.68, forced liquidations could deepen the downtrend. It said the market should watch whether the trader adds to or closes the position on Hyperliquid.