Gen Z Trader Doubles Down on Shorts — Then Takes Profit on BTC
A young on-chain trader known as 0xRay518 is making waves again. Over the weekend, the wallet added fresh short positions: $13.46M in 10x shorts on $SNDK and $3.62M in 3x shorts on $PONS — now the 2nd-largest short holder on Hyperliquid. This morning, the same trader trimmed 49.12 BTC off a Bitcoin short to lock in gains, but still holds a massive $81.52M in 20x leveraged $BTC shorts.
The backstory is wild: started trading at 14 with $3K in lucky money, blew up an account chasing 300K in profits, pivoted into NFTs and airdrops (Arbitrum paid off big), then in 2025 skipped part of his final exams to go all-in with $1M on $TRUMP — walking away with a 3-4x.
Two takeaways here:
1️⃣ High-conviction, high-leverage trading can print insane numbers fast — but the same leverage that built this trader's reputation once nearly wiped him out.
2️⃣ A trader this size still holding $81M in BTC shorts is a signal worth watching. Big leveraged bets like this often front-run — or amplify — short-term volatility.
Leverage cuts both ways. Size your risk, not your dreams. 📊