CoinBob data reveals the trader opened a $17.9M 40x Bitcoin short and grew Solana short positions to $27.6M, achieving nearly 50% floating profit within hours.
CoinBob reports that the on-chain trader 'Calm Order King' initiated a high-leverage Bitcoin short worth $17.9 million at an average price of $113,200 using 40x leverage on Oct. 22. Over the following nine hours, the trader expanded Solana short positions to $27.6 million, securing close to 50% in floating profits, and currently maintains $13.57 million in active Bitcoin shorts.