Within 4 hours, two liquidations occurred yet the address continued to open longs. A certain address opened a $2.22 million SOXL long.

Odaily reports: According to monitoring by on-chain analyst Yu Jin, a certain address opened long positions in SOXL twice within 4 hours and was liquidated both times. Last night at 11 PM, the address opened a long position in SOXL worth $5.42 million, and was liquidated in less than 1 minute, losing $316,000. At 1 AM today, the address again opened a long position in SOXL worth $4.97 million, and was liquidated 2 hours later, losing $270,000. Just 2 minutes after the second liquidation, the address continued to open a long position in SOXL worth $2.22 million, and this position has not yet been liquidated.