HuoXing Finance reports, according to Lookonchain monitoring, an address closed 1,000 BTC and 10,000 ETH long positions after holding them for four months, realizing over $20 million in profits, then immediately opened a 20x short position of 13,000 ETH, worth $29 million.
Addressed profits exceeding $20M in four months, opened a $29M ETH 20x short position
MarsBitShare
Summary
A crypto address, employing disciplined position trading, generated over $20 million in profits from 1,000 BTC and 10,000 ETH long positions held for four months. The same address then executed a 20x short on 13,000 ETH, valued at $29 million, according to Lookonchain. Position sizing was critical to the strategy, with large entries made after profit-taking. The move underscores precise risk management and execution.
Source:Show original
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.