"Biggest DASH Short Seller" Switches to Long but Faces Massive Unrealized Losses

Astonishing Turnaround from Short to Long

On February 5, data from a blockchain monitoring platform revealed that the trader previously known as the "biggest DASH short seller" closed short positions on BTC, ETH, SOL, and XRP yesterday and switched to long positions.

However, the market didn't move as expected. The trader’s long exposure has already resulted in a $15.8M unrealized loss, raising questions about the timing and effectiveness of the strategy shift.

Dramatic Shift in Cumulative Profit and Loss

The trader's overall profit and loss history shows a dramatic swing. Previously, the address had accumulated over $25.5M in profits, but after the recent long conversion, the cumulative P&L has turned into a $15.3M loss.

This shift highlights the market's unpredictability and the high risks associated with shorting in volatile conditions.