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$20 million swing trader reduces positions on HYPE and XPL in 1 hour, with a single trade profit of $55,000
【BitPush】On-chain data shows that a highly aggressive trader has reduced short positions in HYPE and XPL over the past 1 hour, with the floating profit from this transaction reaching $550,000.
This trader’s style is characterized by high leverage and short-term trading, preferring to quickly enter and exit the market amid volatility. Historically, this address has achieved a total profit of $92.75 million over its entire trading cycle, making it a veteran-level trader in the market.
Such large-scale position reductions often attract market attention. Many traders monitor these whale activities to capture trading signals—changes in their holdings and closing times can sometimes reflect short-term market trend judgments. Of course, each trader’s risk tolerance and strategies differ, so when referencing such data, it’s important to consider your own situation.