「$20M Swing Hunter」 Adds Short Positions on BTC, LTC, and HYPE with $1.15M in Unrealized Losses

According to Hyperinsight, on January 14, the trader known as '20M Swing Hunter' increased short positions on BTC, LTC, and HYPE within an hour, resulting in $1.15 million in unrealized losses.

This address is well known for its aggressive strategy, using high leverage to capture short-term price swings. Despite the recent loss, the trader has accumulated $90.49 million in profits over time.

The move suggests a bearish outlook on short-term market movements, though the risks of high leverage remain a key concern.