The "20 million swing trader" closed out on-chain PAXG short positions, reducing holdings to $1.49 million.

BlockBeats News, January 21, according to HyperInsight monitoring, the "20 Million Swing Trader" address (0x880a…) executed a stop-loss operation on its PAXG (on-chain gold) short position, reducing 78.14 PAXG shorts, worth approximately $373,000.

After this reduction, the total value of its PAXG short position is about $1.494 million. The current unrealized loss on this position is around $151,000, with a loss rate of 50.66%. The average holding price is $4,399.04, and the liquidation price is $61,360.732.

This address is known for its high-frequency, multi-asset swing trading style, with an average holding time of about 20 hours. Since October last year, with a principal of around $20 million, it has accumulated nearly $100 million in realized profits.