A trader known for their bearish stance on cryptocurrencies has achieved an all-time profit and loss (PnL) of $2.7 million on the HyperliquidX platform. The trader maintains an 81% short position, with significant gains from shorting $13.57 million in HYPE, resulting in a $539,000 profit. Additionally, their Ethereum and Bitcoin shorts have yielded $226,000 and $138,000, respectively.
Despite their bearish outlook on crypto, the trader has taken long positions in non-crypto assets such as silver, Intel (INTC), and MicroStrategy (MSTR), all of which are currently profitable. This diversified strategy highlights the trader's ability to capitalize on both market downturns and selective asset growth.
Perma-Bear Trader Profits $2.7M with Strategic Shorts and Longs
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