「20M Liquidation Hunter」 Takes Profit on BTC Short, Reduces Position Worth $3.02M

BlockBeats News, February 2nd, according to Hyperinsight monitoring, the "20 Million Bandit" address (0x880a...) performed a take-profit operation on its BTC short position, reducing 29.24 BTC shorts, worth approximately $3.0226 million.

After this reduction, the total value of its BTC short position dropped to $18.794 million, with the average price decreasing slightly from $81,539.30 to $81,254.10. The position is currently floating a profit of about $1.4409 million, with a return rate of 84.34% and a liquidation price of $117,063.41.

This address has been engaging in high-frequency multi-currency arbitrage trading for a long time, with an average holding period of about 20 hours. Since October last year, with approximately $20 million in initial capital, it has accumulated a profit of nearly $100 million.