The "20 million swing trader" has accumulated $104 million in profits since October and is currently the largest on-chain short seller of ETH and HYPE.

BlockBeats News, December 24, according to Hyperinsight monitoring, in the past 6 hours, the "20 million swing trader" (0x880a) has continued to close short positions on multiple tokens including ETH and HYPE. Currently, the ETH short position size is about $68.3 million, with an average price of $3,132 and a liquidation price of $3,767; the HYPE short position size is about $41.97 million, with an average price of $31.7 and a liquidation price of $34.27. The total position size is about $111 million, making this address the largest short whale for ETH and HYPE on Hyperliquid.

This address has long been engaged in high-frequency, multi-token swing trading, with an average holding period of about 20 hours. Since October, it has achieved profits of over $104 million from a principal of about $20 million, with today's profit alone reaching $1.3 million.

Previously, this address's positions were mainly concentrated in short positions on tokens such as PUMP, PAXG, and HYPE, accounting for 83.6% of the total holdings. Recently, the focus has shifted to ETH and HYPE shorts, which now account for 98.6% combined.