Whale adds to XMR short position to $5.1 million; aggressive traders with over $100 million in profit are betting on what

2026-01-20 02:35:34

A highly active trader with an impressive trading history is increasing their short position on XMR. According to the latest news, the well-known on-chain trader “20 Million Wave Hunter” (address 0x880a) has been continuously adding to their XMR short positions over the past hour, making them the largest on-chain XMR short seller. This trader’s operational scale and historical performance are noteworthy for the market.

Whale Short Position Size and Account Performance

Details of this short operation are as follows:

Indicator	Value
Short position size	8,383 XMR
USD value	approximately $5.1 million
Leverage	5x
Entry average price	$594.01
Current unrealized profit	$7.78 million
Total accumulated profit	$101 million

It is worth noting that after opening the position at an average price of $594.01, the XMR price has risen to $607.03, yet the account still shows an unrealized profit of $7.78 million. This suggests that the trader may hold larger short positions at higher prices. Additionally, this trader is reducing short positions in BTC, SOL, XPL, and KPEPE, indicating a strategic tilt toward XMR.

Trader Style and Historical Performance

“20 Million Wave Hunter” adopts an aggressive trading style, characterized by:

Skilled in using high leverage for short-term trades
Achieved a total profit of $101 million over the full cycle, with an excellent track record
Address label indicates an initial capital of about $20 million
Current operations show a continued high-risk, high-reward trading strategy

Such traders are usually sensitive to short-term market fluctuations. Their large short positions often reflect a strong bearish outlook on specific assets’ short-term trends.

XMR Market Status and Impact of Short Positions

From XMR’s recent market performance, this large short position is not without basis.

XMR has recently faced downward pressure:

1 hour: down 1.14%
24 hours: down 1.80%
7 days: down 4.26%
30 days: up 31.72%

Although XMR has performed well over the 30-day period, it shows a clear short-term downward trend, especially in the past 7 days. Currently, XMR’s market cap is about $1.12 billion, ranking 12th. In this market environment, the $5.1 million short position, while relatively small compared to the overall market, is amplified by 5x leverage, increasing its influence.

Market Signals and Future Observation

From this operation, several signals can be inferred:

There is market sentiment bearish on XMR’s short-term trend, driven by a trader with an excellent track record
The trader’s reduction of shorts in other cryptocurrencies and focus on XMR indicates they see XMR as a better shorting opportunity now
Although unrealized profits of $7.78 million are significant, under 5x leverage, small price movements can significantly impact the account’s status

Summary

An aggressive trader with over $101 million in cumulative profits is increasing their XMR short position to $5.1 million, becoming the largest on-chain short. This reflects market bearish sentiment on XMR’s near-term prospects and highlights the importance of monitoring whale movements as a market indicator. However, even highly successful traders are not infallible, and the future trajectory of XMR will depend on additional market factors. Tracking these large short positions can provide valuable insights into market sentiment.

BTC-3.7%

SOL-4.95%

XPL-8.59%

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