Prominent BTC Trader Manages $3M Short Position Exit

nft_widow · 2026-02-15T07:08:25+00:00

On February 2, a notable trader known as the '20 Million Band Hunter' reduced their Bitcoin short position, cashing out $3.02 million. Their gains now total $1.44 million, highlighting successful trading tactics and market acumen.

nft_widow

2026-02-15 07:08:25

Abstract generation in progress

On February 2, a renowned trader widely recognized as the ‘20 Million Band Hunter’ took profits on a significant portion of their Bitcoin short bet, per BlockBeats reporting. The prominent trader trimmed 29.24 BTC—valued at approximately $3.02 million—from their overall short position holdings. After this strategic adjustment, the trader’s total BTC short position exposure fell to $18.79 million in value. The average entry price shifted marginally downward from $81,539.30 to $81,254.10 per coin.

Impressive Gains on the Current Short Position

The trader’s unrealized gains from this short position stand at around $1.44 million currently, representing an 84.34% return rate. Their liquidation level is positioned at $117,063.41, providing substantial downside cushion. This particular address has built a reputation for executing high-frequency, multi-asset band trading strategies, typically maintaining positions for roughly 20-hour windows before exiting.

A Track Record of Prominent Success

Since October of last year, this prominent trader has demonstrated remarkable execution, transforming an initial $20 million capital base into approximately $100 million in cumulative profits. The performance underscores both the sophistication of their band trading methodology and their ability to identify and exploit short-term market dislocations across multiple cryptocurrencies. This latest short position adjustment reflects the trader’s ongoing discipline in capturing profits when positioned favorably.

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