20M Wave Hunter Cuts BTC and PUMP Short Positions, Turns Bullish on ZEC

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
On-chain trading signals indicate that the address "20M Wave Hunter" (0x880a) has closed BTC and PUMP short positions and turned bullish on ZEC, generating a $10.06 million floating profit. This address employs a high-frequency, multi-coin wave strategy, using leveraged shorts to capture gains in volatile markets. It has earned $8.7 million in the past week, aligning with a broader bullish trend in select altcoins.

BlockBeats News, January 13, according to... Hyperinsight Monitoring: Within the past 1 hour, the "20M Bandwidth Hunter" (0x880a) reduced short positions in BTC and PUMP, shifting to go long on ZEC. The account currently has a floating profit of $10.06 million.


This address has been conducting high-frequency, multi-coin wave trading for a long time. By using high-leverage short-dominated portfolios, it consistently generates excess returns in volatile markets, with cumulative profits of approximately $8.7 million in the past week.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.