According to ChainCatcher, as monitored by on-chain analyst Yujin, the short-position trader 0xD83...Fd7 has increased his short position in HYPE in the past half hour. Starting from last Friday, he initially shorted ETH and then used the floating profit to roll over and increase short positions in other cryptocurrencies. So far, he has short positions in four cryptocurrencies: BTC, ETH, HYPE, and XMR, with a total value of $261 million. He has grown his initial capital of $3 million to $11 million through shorting and rolling over profits: - Shorted 1,640 BTC (worth $150 million), entry price $92,120, liquidation price $94,732, floating profit $1.98 million; - Shorted 31,093 ETH (worth $100 million), entry price $3,270, liquidation price $3,269, floating profit $6.29 million; - Shorted 728,000 HYPE (worth $16 million), entry price $21.77, liquidation price $30.1, floating loss $60,000; - Shorted 824 XMR (worth $450,000), entry price $605, floating profit $40,000.
Trader Uses Margin Trading to Grow $3M to $11M in 4 Days by Shorting Major Cryptocurrencies
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Summary
A trader using the address 0xD83...Fd7 has boosted $3 million to $11 million in four days by shorting major cryptocurrencies and rolling positions. The strategy focused on a strong risk-to-reward ratio, with current shorts on BTC, ETH, HYPE, and XMR totaling $261 million. Value investing in crypto often emphasizes patience, but this case shows aggressive leverage can yield rapid gains.
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