The crypto address known as '20M Waves Hunter' (0x880a) has amassed $104 million in profits since October by employing a strategy focused on support and resistance levels. Initially starting with $20 million, the address now holds $111 million in short positions on Ethereum (ETH) and HYPE on the Hyperliquid platform. This strategic focus on ETH and HYPE constitutes 98.6% of its total exposure, highlighting a significant commitment to these assets in its value investing approach.