An address was liquidated twice while going long SOXL within four hours, then opened another long position, Ember monitoring cited by BlockBeats said.
Two liquidations cost about $586,000
At 11 p.m., the address opened a SOXL long worth $5.42 million and was liquidated in less than a minute, losing about $316,000. At 1 a.m., it opened a second $4.97 million long that was liquidated two hours later, with a reported loss of about $270,000.
Two minutes after the second liquidation, the address opened another SOXL long worth $2.22 million. That position had not been liquidated at the time of the flash. The figures came from monitoring and can change with market prices.