Data: 20 million band hunters take profit on BTC short positions, reducing the value of the position by 3.02 million USD

According to Hyperinsight monitoring, the address (0x880a…) executed a take-profit operation on its BTC short position, reducing its holdings by 29.24 BTC shorts, valued at approximately 3.0226 million USD.

After this reduction, the total value of its BTC short position decreased to 18.794 million USD, with the average price slightly dropping from 81,539.3 USD to 81,254.1 USD. The current floating profit of this position is approximately 1.4409 million USD, with a return rate of 84.34%, and the liquidation price is 117,063.41 USD.

This address has been engaging in high-frequency multi-currency swing trading for a long time, with an average holding period of about 20 hours. Since last October, it has accumulated nearly 10 million USD in profits with a principal of about 20 million USD.