The post Crypto Trader Gains $7.01M Shorting ETH and HYPE appeared on BitcoinEthereumNews.com. Key Points: Anonymous trader increased ETH and HYPE short positionsThe post Crypto Trader Gains $7.01M Shorting ETH and HYPE appeared on BitcoinEthereumNews.com. Key Points: Anonymous trader increased ETH and HYPE short positions

Crypto Trader Gains $7.01M Shorting ETH and HYPE

Key Points:
  • Anonymous trader increased ETH and HYPE short positions, realizing significant gains.
  • Unrealized profit of $7.01 million achieved within one hour.
  • Follows an aggressive trading style with $100 million total profit.

According to Hyperinsight, the ’20M Bandit’ address (0x880a) increased short positions in ETH and HYPE, securing a $7.01 million unrealized gain in the past hour.

The aggressive trading techniques of this address highlight significant market dynamics and potential volatility, showcasing the influence of high-leverage strategies in cryptocurrency market structures.

Trader Profits $7.01M from ETH and HYPE Shorts

The trader, known by the address 0x880a, escalated short positions on ETH and HYPE. This individual employs a high-leverage trading strategy, accumulating a significant total profit across the cycle. According to

, no official information is available on the trader’s identity or affiliations.

Immediate implications include increased scrutiny on high-leverage trades as the address holds $7.01 million in unrealized gains. This activity underscores the potential volatility in ETH and HYPE markets.

Did you know? The “20M Bandit” address operates with high leverage, achieving a total profit cycle of $100 million, highlighting the potential rewards and risks in cryptocurrency trading.

Ethereum (ETH) trades at $3,204.02 with a market cap of approximately $386.71 billion, according to CoinMarketCap. Despite a 3.34% decline in the last 24 hours, trading volumes surged to $21.80 billion. ETH’s price trends over recent months reveal 1.59% growth over the past 7 days and a 7.10% rise in the last 30 days, although a 90-day overview reflects an 18.67% decrease.



Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 03:37 UTC on January 19, 2026. Source: CoinMarketCap

Research from Coincu’s team indicates potential shifts in financial strategies by observing high-frequency and leveraged trading styles. Such activities may prompt regulatory interest or inspire technological adaptations in trading platforms, promoting better risk management tools across markets.

Source: https://coincu.com/markets/crypto-trader-eth-hype-short/

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