Wave Hunter's Address Closes Short BTC, Gains $144 Million in Profit

SolidityJester · 2026-02-13T09:00:52+00:00

In early February, a prominent crypto address known for high-frequency trading took profits on its short BTC position by reducing exposure by 29.24 BTC. This strategic move reflected profit-taking tactics in a volatile market, resulting in significant reductions in both total short value and average cost basis. The address, active in multi-coin trading, has earned nearly 19,283,746,565,748,392,010 billion from an initial 19,283,746,565,748,392,010 billion investment since last October, showcasing the effectiveness of its trading strategy.

SolidityJester

2026-02-13 09:00:52

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In early February, a well-known crypto address specializing in high-frequency wave trading strategies realized gains from its short BTC position. According to data from Hyperinsight monitored by BlockBeats, the address named “2000 Million Wave Hunter” reduced its short exposure by 29.24 BTC. This move reflects a strategic profit-taking tactic in a volatile market.

Short Position Reduction and Holding Value Changes

After partially closing this short position, the total value of remaining short assets significantly decreased to $1.879 billion. The average cost basis also dropped to $81,254 per BTC. This momentum indicates that the address successfully capitalized on market volatility to secure profits. Currently, unrealized gains from the remaining short positions amount to approximately $144 million, with an impressive return rate of 84.34%.

Profitable Long-Term Wave Trading Strategy

The address is known for high-frequency multi-coin trading, with each holding typically lasting around 20 hours. This approach allows traders to capture short-term price fluctuations. Its impressive track record shows that since October last year, with an initial capital of $2 billion, the address has managed to accumulate nearly $1 billion in profits. This efficiency proves that a consistent short and wave trading strategy can generate substantial returns in the volatile crypto market environment.

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