How a Prominent Trader Cashed In on BTC Short Position

A prominent market player identified as ‘20 Million Band Hunter’ executed strategic profit-taking on their Bitcoin short position in early February, as reported by BlockBeats. This well-known trader trimmed 29.24 BTC from their bearish bet, capturing approximately $3.02 million in gains. The reduction brought their remaining BTC short position down to a total notional value of $18.79 million.

Strategic Profit-Taking in Short Positioning

The trader’s average entry price adjusted slightly following this move, declining from $81,539.30 to $81,254.10. With the current floating profit sitting at roughly $1.44 million, the position demonstrates a return rate of 84.34%, showcasing the effectiveness of the trading strategy. The liquidation price for this prominent trader’s short position stands at $117,063.41.

Trading History and Market Prowess

This address has built a reputation for executing high-frequency, multi-currency band trading operations, typically maintaining positions for about 20 hours before rotating. What makes this prominent trader particularly noteworthy is their track record: since October of last year, they’ve transformed an initial capital allocation of approximately $20 million into nearly $100 million in realized profits. This exceptional performance highlights their sophisticated approach to timing market movements and managing risk across multiple asset classes.

The trader’s ability to generate such substantial returns while maintaining relatively short holding periods demonstrates why they’ve become a closely watched figure in the crypto derivatives market.