Giant Whale "Dual Dance of Long and Short": Under Precise Strategy, Return Rate Exceeds 500%

According to BlockBeats news on December 24, 2025, a certain giant whale (address starting with 0xd16) recently demonstrated superb strategies while trading HYPE, with its short position achieving over 500% floating returns, amounting to a profit of 3.28 million USD. Its success is attributed not only to directional judgment but also to meticulous risk and return management.

Core Strategy Breakdown:

Firm Short Position Rolling: After establishing a short position around 39 USD in November, this giant whale continuously adjusted its holdings to lower prices through "rolling operations," optimizing the average cost to 35.7 USD, firmly locking in profits from the downward trend.

Small Capital Reverse Hedging: While holding a large number of short positions, this giant whale repeatedly utilized about 10% of its capital to establish short-term long positions. This move is not a bullish bet but rather aims to capture market rebound opportunities while hedging risks. This allowed it to maintain profit space during short-term market rebounds, avoiding early liquidation of the main position due to emotional or strong liquidation pressure during violent fluctuations.

Effectiveness and Insights: This dynamic strategy of "mainly short with small long positions for protection" has shown significant effectiveness, doubling its total account assets. This case clearly illustrates that the core difference between professional trading and ordinary speculation lies not only in directional judgment but also in managing risks within positions and capturing fluctuations in trends. It once again validates the old saying: top returns often come from the perfect combination of position, direction, and risk management. #巨鲸动向 #加密市场观察