Back

Trader 'Calm Opening King' Nets $3M from BTC and SOL Shorts

CoinBob data reveals the trader, known as 'Air Force Commander,' has earned nearly $150 million by leveraging high-risk short positions in major cryptocurrencies over the past week.

BTC
ETH
SOL

Summary

CoinBob reports that the address 'Air Force Commander' has profited almost $150 million through large, high-leverage short positions in Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Holding $29.81 million in perpetual contracts with leverage over 12x, the address achieved high win rates, particularly with 40x leverage on BTC shorts. The trader typically holds positions for around 34 hours, with occasional minor losses on altcoins but consistent profits from major cryptos.

Terms & Concepts
  • Perpetual Contracts: A type of futures contract with no expiration date, allowing traders to hold positions indefinitely while paying or receiving funding fees based on market conditions.
  • Leverage: The use of borrowed capital to increase the potential return of an investment, which also amplifies risk.
  • Short Position: A trading strategy where an investor borrows an asset, sells it, and aims to repurchase it at a lower price to return it and pocket the difference as profit.