BNB Short Position by ‘Calm Down Short King’ Reaches $1.6M Nominal Value Amid On-Chain Volatility Surge
BNB/USDT
$689,589,079.15
$655.51 / $637.61
Change: $17.90 (2.81%)
-0.0064%
Shorts pay
COINOTAG reports, citing CoinBob on-chain analytics, that a trader dubbed Calm Down Short King opened a BNB short near $1,085 with about $1.6 million in nominal exposure ahead of a market correction, signaling a disciplined short-sell stance.
Earlier today, the address added a BTC short at $115,100 with an average entry near $112,000 and a SOL short at $200 with an average of $191. The positions were rolled near $110,000 on Oct 24, with floating loss peaking near 150% on Oct 27.
Over the past two days, the trader continued to scale into shorts at local highs, narrowing the overall floating loss to 27% as nominal exposure jumps to $79.7 million from $35 million.
Since month start, the capital base rose from $3 million to over $20 million, aided by SOL trades delivering a $5.1 million win and a 100% monthly success rate, attracting swing trading chatter.