Swing trader expert adds to short positions on the 1-hour chart, floating profit of 7.43 million, altcoins targeted in a concentrated attack

Based on on-chain data monitoring, the well-known swing trader “20 Million Swing Hunter” has increased short positions on multiple cryptocurrencies including BNB, HYPE, DOGE, XPL, and PUMP within the past hour. Currently, the account’s unrealized profit has reached $7.43 million. This operation once again demonstrates this trader’s market intuition and also reflects the current market sentiment of bearishness towards altcoins.

The True Profile of the Trader

The reason this address is called the “20 Million Swing Hunter” by the market mainly stems from its unique trading style and consistent profitability.

Trading Characteristics Overview

From these data, it can be seen that this trader’s core strategy is high-frequency, multi-asset short-term swing trading. An average holding time of 20 hours indicates he does not pursue long-term positions but profits from quickly capturing price fluctuations. The stable monthly profit of $7.493 million suggests this strategy has strong repeatability.

Cryptocurrencies Currently Increasing Positions

• BNB: Binance ecosystem token, top market cap, relatively controllable volatility
• HYPE: Emerging project token, high volatility, prone to forming short-term peaks
• DOGE: Established altcoin, sufficient liquidity, suitable for swing trading
• XPL, PUMP: Relatively small-cap coins, with intense price fluctuations

This portfolio includes both relatively stable top-tier coins (BNB) and high-volatility small-cap coins (XPL, PUMP), reflecting a risk diversification approach.

What Does This Operation Mean

Market Sentiment Signal

Increasing short positions indicates that this trader expects these coins to face downward pressure in the short term. Considering his past profit record, this signal warrants attention from market participants. However, it’s important to note that his strategy is short-term swing trading; increasing short positions does not necessarily mean a long-term bearish outlook but could be based on technical analysis or microstructure short-term judgments.

Why Did Unrealized Profit Grow So Quickly

The $7.43 million unrealized profit was formed within an hour, indicating that this position increase was timed very well. This could mean that the trader entered near a short-term high point of a coin, and the market subsequently experienced a rapid decline. This is precisely what swing traders excel at—quickly positioning at critical points and then waiting for natural market fluctuations to generate profits.

Insights for Ordinary Traders

This case demonstrates two important phenomena. First, even in the cryptocurrency market, professional traders can achieve stable excess returns through systematic strategies and strict risk management. Second, opportunities for short-term swing trading do exist, but require deep understanding of technical analysis, market liquidity, and capital flow.

However, it must be clarified that such trading strategies have high learning costs and a high failure rate. Most retail traders tend to imitate the coin choices of experts without understanding the underlying logic, often leading to losses.

Summary

The latest operation of the “20 Million Swing Hunter” once again proves his stable trading ability. Increasing short positions on coins like BNB, HYPE, DOGE, and quickly realizing a profit of $7.43 million reflects a bearish outlook on altcoins in the current market. This signal is worth paying attention to, but it’s important to understand that it is based on short-term technical analysis rather than long-term trend prediction. For ordinary traders, such big players’ movements are more of a market sentiment reference rather than a direct trading basis.