On February 3, the high-frequency trading address known as the '20M Bandit Hunter' (0x880a…) significantly reduced its HYPE short position by closing 7,925.39 contracts, representing a loss of approximately $3.0016 million.
Following this action, the total value of its HYPE short holdings dropped to $18.7452 million. The average holding price increased from $27.50 to $28.93, with a current floating loss of $4.1981 million, representing a loss ratio of 111.98%. The liquidation price stands at $46.08.
This trader is well known for executing frequent short-term trades across multiple assets, maintaining an average holding period of around 20 hours. Since October last year, starting with an initial capital of approximately $20 million, they have accumulated nearly $100 million in total profits.