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Korean trader Nam Shik-hee closed most of his long orders, turning all profitable positions into losses.
BlockBeats news, on September 16, according to crypto KOL AB Kuai.Dong, the South Korean trader NAMSEOKHEE, who previously opened more than 60 long orders on alts due to betting on alt season, has just closed all his long orders, leaving only the last order of ENA (currently with unrealized losses of $109,000). He had previously made unrealized gains of $712,000 through this strategy a week ago, and due to his firm belief that the alt season would come soon, most of them were not closed. As a result, profitable orders eventually turned into losses.