Prominent Trader Scales Down BTC Short Position, Banks $1.44M in Gains

UnluckyMiner · 2026-02-15T01:11:09+00:00

A prominent trader reduced their BTC short position by 29.24 BTC, securing profits of $1.44 million, reflecting an 84.34% return. Their strategic adjustments and disciplined risk management highlight effective trading practices that transformed $20 million into nearly $100 million in profits.

UnluckyMiner

2026-02-15 01:11:09

Abstract generation in progress

According to BlockBeats, a prominent trader operating under the alias ‘20 Million Band Hunter’ made a strategic move to lock in profits on February 2. The trader reduced their bitcoin short position by approximately 29.24 BTC—a position worth roughly $3.02 million at the time of the trade. This tactical adjustment brought the total value of their BTC bearish bet down to $18.79 million while fine-tuning their average entry price from $81,539.30 to $81,254.10.

Strategic Profit-Taking by a Prominent Market Participant

The trade generated substantial unrealized gains of around $1.44 million, translating to an 84.34% return on the remaining short position. The trader has set a liquidation price at $117,063.41, demonstrating careful risk management protocols. This particular move underscores how prominent traders capitalize on volatile market conditions through disciplined position management—trimming exposure when profits accumulate rather than holding until liquidation.

High-Frequency Band Trading Strategy Delivers Results

This prominent trader is known for executing rapid-fire, multi-currency trades across various timeframes, with average holding periods of approximately 20 hours. Rather than taking long-term directional bets, the strategy focuses on capturing short-term price fluctuations and momentum shifts across multiple assets simultaneously. This approach requires constant attention to market microstructure and nimble execution—characteristics that define successful band trading.

Scaling Profits from $20M to Nearly $100M

The track record speaks volumes. Since October of last year, this prominent participant has transformed an initial capital base of roughly $20 million into nearly $100 million in cumulative profits. The February 2 short position adjustment represents just one thread in a broader tapestry of consistent, profitable trading activity. For traders seeking to understand how prominent market actors generate outsized returns, this trader’s disciplined approach to position-taking and profit-locking offers valuable lessons in tactical execution and risk-adjusted returns.

BTC1,38%

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