A crypto trader known as ‘Calm Order King’ has generated significant gains in recent days, primarily through short trading strategies on both Bitcoin (BTC) and Solana (SOL). BlockBeats On-chain Detection reveals that the trader has been actively rolling over some of these short positions within the last hour, resulting in a substantial reduction of the nominal value of their BTC and SOL short positions. Their actions have led to a floating profit of $360,000 for Bitcoin shorts, with a return rate exceeding 74%. Similarly, the Solana short position currently boasts a floating profit of $620,000 and an impressive 157% return rate.
This successful trading strategy has led to a significant decrease in their overall holdings. The trader’s initial capital of $3 million was recently bolstered to over $20 million through these successful trades, leading them to become a prominent figure in the on-chain swing trading community.