A certain short address increased holdings by 750,000 LIT in 2 hours, with profits exceeding $80 million this year.

【Blockchain Rhythm】On-chain data monitoring shows that on December 31st, a professional short seller expanded their short position on LIT again within the past 2 hours. After the LIT price broke below their average holding price, this trader increased their holdings by over 750,000 LIT (approximately $2.07 million), bringing their total LIT holdings to $2.73 million, and they are still adding to their position.

This trader’s actions on the Hyperliquid derivatives trading platform are particularly noteworthy. Data indicates that they are simultaneously the largest short holder in both UNI and ASTER. During December, this trader managed 22 short positions; after closing nearly half of these positions mid-month, they have recently established several new short positions. Currently, their total holdings amount to approximately $28.4 million.

In terms of trading style, this trader focuses on capturing volatility opportunities in altcoins. According to statistics, their win rate over the past 30 days has reached 80%, which is quite impressive in derivatives trading. More notably, this address has already accumulated a total profit of $82.25 million this year, and since this month, they have fully closed 10 short positions, demonstrating their market timing skills.