High-Frequency Trader Keeps Profiting as Holdings Grow Rapidly
According to Coinbob Address Tracking, the trader labeled 'Band Trading Master' gradually closed their short positions on HYPE and XPL in the last 6 hours. The current HYPE short position stands at $38.2M, with an average entry price of $31.3 and a liquidation price of $42.7, making this account the largest HYPE short holder on Hyperliquid.
Prior to this, the trader's portfolio was heavily focused on ETH and HYPE shorts, which together accounted for up to 98.6% of holdings. Recently, however, funds have been diversified into BTC, SOL, and kPEPE shorts, increasing the total position size from $111M ten days ago to $149M today.
Strong Long Position Returns
The trader's main long positions currently include:
- 12x ETH long: $62.89M position, average price at $3108, floating profit of $400K;
- 5x HYPE long: $37.6M position, average price at $31.3, floating profit of $8.33M;
- 11x BTC long: $14.76M position, average price at $91.8K, floating profit of $250K.
Impressive Returns from Short-Term Band Trading
This trader specializes in high-frequency swing trading, with an average holding time of only 20 hours. Since October, using approximately $20M in principal, cumulative profits have neared $100M. Despite a $9.55M profit drawdown this morning due to rising market prices, the trader still holds approximately $9.5M in floating gains.