HFT traders close short ETH worth 8,350 tokens with a loss of $45,000

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On January 22, a high-frequency trader decided to close their short position on Ethereum after experiencing significant losses. This transaction involved 8,350 ETH, and blockchain data collected by BlockBeats shows that closing this position resulted in a loss of $45,000.

Transaction Details and Loss Status

The trader still records an unrealized loss of $29,000 in their current account. With ETH priced at $2.68K, each transaction in this segment has a considerable financial impact. Interestingly, despite closing the position at a loss, the strategy employed by this trading entity demonstrates a very cautious approach to market risk management.

Trading Track Record with a Defensive Strategy

Throughout their active trading period, this high-frequency trader has successfully accumulated a total profit of $12,168,300, showing an overall profitable track record. This recent loss is part of normal trading cycles, where traders involved in short-term ETH transactions consistently apply strict risk management and avoid over-leveraging positions.

ETH-1,08%
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