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「Leveraged Bear」 Trader Shorting MEGA with Low Leverage, Realizing 27% Unrealized Gain, Continues to Short Popular Altcoin with High Entry Points
BlockBeats News, February 3rd, according to Coinbob Hot Address Monitor data, the "Professional Bear New Coin" trader (0x263), shortly after the MegaETH (MEGA) pre-market contract went live on Hyperliquid, opened a roughly $0.214 average price 1x leveraged short position. As the unrealized gains expanded, this address has increased the leverage to 2x, currently with an unrealized gain of about 27%, a position size of around $30,000, and a liquidation price of $0.367.
This trader prefers to opportunistically short with low leverage during the initial offering of hot new coin contracts, having previously entered short positions on several projects such as PUMP, MON, LIT during their early stages and all achieved significant returns.
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