"Fake Air Force Leader" shifted to a defensive stance before the holiday, closing most short positions and adding to HYPE hedging positions.

AI Summary1 min read

TL;DR

An altcoin short seller has shifted to a defensive strategy before the holiday, closing most short positions and adding a $7.8 million HYPE hedging portfolio. They cashed out $2 million and currently hold $23.08 million, with recent profits of $7.1 million.

Tags

AsterDeFiUniswapPump.funYield FarmingDecentralized Exchange (DEX) TokenAltcoinShort SellerHedgingCryptocurrencyTrading Strategy

[“Altcoin Short Seller” Shifts to Defense Before Holiday, Closing Most Short Positions and Adding to HYPE Hedging Position] According to Mars Finance, on December 25th, Coinbob's monitoring of popular addresses showed that the “Altcoin Short Seller” has been continuously adjusting its short positions, shifting from focusing on short to a defensive strategy. It has recently closed short positions in multiple cryptocurrencies including ASTER, UNI, and PUMP, and used the released margin to buy HYPE spot and open corresponding short positions for hedging. This hedging position has increased to approximately $7.8 million. In addition, this address has completely cleared its positions in MON, ZEC, and TRUMP this week, and cashed out approximately $2 million within 24 hours. Currently, its total holdings are approximately $23.08 million, mainly consisting of short positions in ETH (approximately $4.94 million), ASTER (approximately $3.78 million), and UNI (approximately $3.04 million), in addition to the HYPE hedging portfolio. This address has recently focused primarily on short, having closed out 10 short positions this month, demonstrating expertise in capturing opportunities arising from Altcoin fluctuations. Data shows that it has achieved approximately $7.1 million in profit over the past 30 days, with a historical cumulative profit of $82.85 million.

Visit Website