The "20 Million Dollar Swing Trader" profited by taking profits on his short positions in HYPE and XPL in batches, netting $30.5 million in the past week.

According to Mars Finance, on January 9th, Coinbob's hot address monitoring showed that in the past 6 hours, "20 Million Swing Hunter" (0x880a) has gradually closed out its short positions in HYPE and XPL. Currently, its HYPE short positions amount to approximately $38.2 million, with an average price of $31.3 and a liquidation price of $42.7, making it the largest short whale on Hyperliquid for HYPE. Previously, this address's positions were highly concentrated in short positions in ETH and HYPE, which together accounted for 98.6% of its portfolio. Recently, it has diversified some of its funds into short positions in cryptocurrencies such as BTC, SOL, and kPEPE, increasing its total account holdings from $111 million 10 days ago to $149 million currently. Its main holdings are as follows: 12x ETH long positions: approximately $62.89 million in holdings, average price $3,108, unrealized profit of $400,000; 5x HYPE long positions: approximately $37.6 million in holdings, average price $31.3, unrealized profit of $8.33 million; 11x BTC long positions: approximately $14.76 million in holdings, average price $91,800, unrealized profit of $250,000. This address has long engaged in high-frequency multi-currency swing trading, with an average holding time of approximately 20 hours. Since October, it has realized a profit of nearly $100 million from an initial capital of approximately $20 million. Affected by the market rise this morning, its unrealized profit has retreated by approximately $9.55 million today, and it still holds an unrealized profit of approximately $9.5 million. Its profit for the past week reached $30.5 million.