Hype's largest short position trader has floating profits of nearly $40 million.
Unlimited margin is really great!
I believe everyone has seen the four major A9 traders of Hype, right?
In the end, they all reached the same conclusion.
But not many people reported on the largest position trader in Hype.
After opening huge short positions in BTC/ETH/SOL in mid-May,
by mid-August, the maximum floating loss on the short position was $170 million!
And now, it has floating profits of nearly $40 million, plus over $30 million earned from funding fees.
Why is he able to earn so much?
Because he has a lot of money; when Bitcoin rises significantly, he adds margin, causing the market price to lag behind the liquidation price.
But why did the other four major A9 traders die so quickly and so miserably?
Because of high leverage.
This also led to their low tolerance for error, and without additional capital, the liquidation price moved far away.
The visible huge positions in Hype's DEX show that these "genius traders" are not here for us to copy their trades, but to experience the fierce market tug-of-war and the harshness of the market, to understand why genius traders succeed, and to reflect on why these fallen large traders failed.
Smart people learn the trading logic and trend judgment of genius traders who can achieve long-term results, thus reviewing and summarizing their own strategies.
Similarly, among those who once achieved great results but were short-lived, we should think about their failures.
Was it due to heavy positions and high leverage? Frequent short-term trading? Or unclear trend judgment?
There is always something worth reviewing and learning!
Just like this trader with the largest short position in Hype,
from him, we can see controllable leverage (unlimited margin), a firm judgment of the trend being bearish in the medium to long term, and holding positions steadily.
In any case, he is just amazing! o(￣▽￣)ｄ
Wishing everyone happy trading! 😉
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