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South Korean trader Nam Seok-hee has expanded his altcoin long orders to 60, taking a heavy position in ENA, WLD, and MYX.
On September 9th, according to crypto KOL AB Kuai.Dong, last weekend, South Korean trader NAMSEOKHEE (南石熙) went long on a basket of alts and this morning expanded his 56 long orders on alts to 60, continuing to bet on them. Currently, his 7-day return has risen from yesterday's 10,333% to 45,464%, with profits of about $616,000. He has also heavily positioned in long orders for ENA, WLD, and MYX. Earlier reports stated that on September 8th, South Korean trader NAMSEOKHEE, who previously went long on 107 alts on CEX contracts and exited after a failed bet on alt season, has made a comeback. Since last weekend until this morning, NAMSEOKHEE has opened 56 long orders on alts, re-betting on the arrival of alt season. This operation has turned his total position from losses to profitability, and this time his strategy is more conservative than before: most alts only opened margin of $300 to $600, still using a full position with 20x leverage, only for a few particularly favored altcoins did he raise the margin to $2,500, and he has maintained his positions without taking profit.