Haha, that's incredible~ Just 50 minutes ago, I was talking about the swing trader's short position profit, and he started to close half of his position 😂 Are you really not paying attention to me?
He began closing his positions just a few minutes after I posted this tweet, and now he has closed everything.
Summary: He went from a loss of $5 million on this ETH short to a profit of $2.79 million.
Additionally, the trader has also made over $10 million in total profits through 25 swing trades (20 profitable and 5 losses).
Let’s summarize his ETH short trading process, which is quite interesting:
1. He started borrowing ETH from Aave and shorting it on the 2nd, eventually shorting 21,600 ETH with an average short price of $3,458. The total position was worth as much as $120 million.
2. However, the market was good a few days ago, and ETH kept rising. It finally peaked at $3,700 on the 7th, when his short position was down $5 million (at that time, his position health ratio was only 1.1; if ETH broke $4,000, his position would be liquidated).
3. The market turned on the night of the 7th, and the overall market dropped. The trader’s position broke even in the early hours of the 8th, and after that, he unloaded half of his position to prevent ETH from suddenly rising again and getting trapped.
4. Today, the market continues to decline, and the trader closed the other half of his position as well. In the end, he went from a loss of $5 million to a profit of $2.79 million on this ETH short.
The swing trader used the following 2 addresses for his swing trading:
0x6c2a355929ee1262305e385ad49b84fe5f5a4777
0x2c89a2ee92b9870f55989b4132a58c0e85222d86
He began closing his positions just a few minutes after I posted this tweet, and now he has closed everything.
Summary: He went from a loss of $5 million on this ETH short to a profit of $2.79 million.
Additionally, the trader has also made over $10 million in total profits through 25 swing trades (20 profitable and 5 losses).
Let’s summarize his ETH short trading process, which is quite interesting:
1. He started borrowing ETH from Aave and shorting it on the 2nd, eventually shorting 21,600 ETH with an average short price of $3,458. The total position was worth as much as $120 million.
2. However, the market was good a few days ago, and ETH kept rising. It finally peaked at $3,700 on the 7th, when his short position was down $5 million (at that time, his position health ratio was only 1.1; if ETH broke $4,000, his position would be liquidated).
3. The market turned on the night of the 7th, and the overall market dropped. The trader’s position broke even in the early hours of the 8th, and after that, he unloaded half of his position to prevent ETH from suddenly rising again and getting trapped.
4. Today, the market continues to decline, and the trader closed the other half of his position as well. In the end, he went from a loss of $5 million to a profit of $2.79 million on this ETH short.
The swing trader used the following 2 addresses for his swing trading:
0x6c2a355929ee1262305e385ad49b84fe5f5a4777
0x2c89a2ee92b9870f55989b4132a58c0e85222d86
