On January 21, a notable trading address known as '20 Million Band Hunter' executed a reduction in its PAXG short position, according to BlockBeats. The address, identified as 0x880a…, decreased its PAXG short position by 78.14 tokens.
Following this reduction, the total value of the PAXG short position stands at approximately $1.494 million. The position currently shows a floating loss of around $151,000, with a loss percentage of 50.66%. The average holding price is $4,399.04, while the liquidation price is $61,360.732.
This address is recognized for its high-frequency, multi-currency trading style, with an average holding period of about 20 hours. Since October of last year, it has reportedly turned an initial capital of approximately $20 million into nearly $100 million in profits.
