Trader Faces Significant Losses Amid Market Volatility

According to BlockBeats On-chain Detection, recent monitoring of popular addresses revealed that a trader known as 'Calm Order King' closed all BTC long positions within the past two hours, securing a modest profit of $78,000. The funds were then redirected to increase ZEC long positions. Further monitoring indicated that at 1:00 (UTC+8), the trader experienced a substantial liquidation due to a brief surge in BTC prices, resulting in a loss of approximately $1.52 million. The account balance was reduced to $300,000, prompting a shift towards opening long positions in BTC, SOL, ZEC, and MON, with a total position size of around $2.9 million. The account currently shows a minor floating loss of $60,000. The primary long positions include $1.68 million in ZEC, $750,000 in SOL, and $520,000 in MON. Over the past two months, the trader has grown an initial capital of $3 million to over $30 million, gaining attention for accurately predicting market trends. However, recent activity has led to three significant liquidations, with losses totaling $18.46 million over seven days.