On February 2, a notable trader known as '20 Million Band Hunter' executed a profit-taking move on their BTC short position, according to BlockBeats. The trader reduced their short position by 29.24 BTC, which was valued at approximately $3.02 million.
Following this adjustment, the total value of the trader's BTC short position decreased to $18.79 million, with the average price slightly dropping from $81,539.30 to $81,254.10. The current floating profit stands at around $1.44 million, yielding a return rate of 84.34%, with a liquidation price set at $117,063.41.
This address is known for engaging in high-frequency, multi-currency band trading, with an average holding period of about 20 hours. Since October of last year, the trader has turned an initial capital of approximately $20 million into nearly $100 million in profits.