「20M Bag Hunter」 Takes Profit on SOL Short Position, Quick Deleverage of Over $2.36M

BlockBeats News, January 20th, according to HyperInsight monitoring, the "20 Million Bandit Hunter" whale (0x880a...) conducted partial profit-taking on its SOL short position in about half an hour, reducing the SOL short position twice for a total of 17,841.27 SOL, with a total value of approximately $2.369 million.

The address first reduced its holdings by 9,871.05 SOL (worth approximately $1.353 million) at 17:00, realizing a floating profit of about $501,000; then at 18:00, it further reduced its holdings by 7,970.22 SOL (worth approximately $1.016 million), realizing a floating profit of about $389,000. The ROI of the two profit-taking operations both exceeded 106%. After completing this round of profit-taking, its SOL short position has been reduced to about $4.008 million.

This address is known for its high-frequency, multi-currency arbitrage trading style, with an average holding period of about 20 hours. Since October last year, with a starting capital of around $20 million, it has accumulated profits of nearly $100 million.