The biggest short position holder on hype is floating a profit of nearly $40 million Unlimited margin is just awesome I’m sure everyone has seen the four big A9 traders on hype, right? Turns out, same destination, different paths But not many people are talking about this trader with the largest position on hype. Since mid-May, they opened massive short positions on BTC/ETH/SOL, And by mid-August, their shorts were floating a loss of $170 million at the peak! Now? They’re floating a profit of nearly $40 million, plus they’ve earned over $30 million in funding fees. Why are they making so much money? Because they’ve got deep pockets. When Bitcoin goes up, they just add more margin, so the market price can’t catch up to their liquidation price. But why did the other four big A9 traders crash and burn so quickly and so badly? Because of high leverage. This left them with very little room for error, and no extra funds to push their liquidation price further away. These massive visible positions on hype DEX, these so-called “genius traders,” aren’t here for us to copy their trades. They’re here to show us the intensity of the market’s battle between longs and shorts, the cruelty of the market, why genius traders succeed, and why these fallen whales failed. Smart people study the trading logic of genius traders who can achieve long-term success, their trend analysis, and use it to review and improve their own strategies. At the same time, they also reflect on the failures of those traders who once achieved big results but quickly faded away. Was it because of heavy positions with high leverage? Frequent short-term trades? Or unclear trend analysis? There’s always something worth reviewing and learning from! Just like this trader with the largest short position on hype. From them, you can see controlled leverage (unlimited margin), a firm belief in mid-to-long-term bearish trends, and the determination to hold their positions. Anyway, they’re just insanely good, end of story o(￣▽￣)ｄ Wishing everyone happy trading