Data: "20 million swing traders" reduced their short positions in BTC and PUMP, and shifted to long in ZEC.
AI Summary1 min read
TL;DR
A major swing trader reduced short positions in BTC and PUMP, going long on ZEC, with a current floating profit of $10.06 million and $8.7 million in weekly gains from high-leverage strategies.
Tags
BitcoinLayer 1ZcashHalving TokensPrivacyswing tradingcryptocurrencyBTCZECshort selling
According to ChainCatcher, Hyperinsight monitoring shows that in the past hour, "20 Million Swing Hunter" (0x880a) reduced its short positions in BTC and PUMP and switched to long on ZEC, with the account currently showing a floating profit of $10.06 million.
This address has been engaged in high-frequency, multi-currency swing trading for a long time, using a high-leverage short-selling strategy to consistently generate excess returns in volatile markets, with a cumulative profit of approximately $8.7 million in the past week.