ChainThink message, October 29, according to the on-chain AI analysis tool CoinBob (@CoinbobAI_bot), monitoring shows that over the past 7 hours, "Cool Order King" opened short positions on BNB at an average price of $1,085 before today's market correction, with a notional value of 1.6 million USD. In addition, at 2:00 AM today, this address added short positions on BTC at a price of $115,100, with the average price rising to $112,000; at the same time, short positions on SOL were added at a price of $200, with the average price rising to $191.

According to further monitoring, this address had rolled over BTC and SOL short positions around the price of $110,000 on the 24th. By the 27th, the overall floating loss of the account reached up to 150%. In the past two days, it has continuously added short positions at short-term high levels, going against the trend, and the floating loss has now narrowed to 27%. The total notional value of the position has increased from $35 million to $79.7 million.

This trader has rolled capital from $3 million at the beginning of the month to over $20 million. It has made multiple precise short trades on SOL, with a single trade profit of $5.1 million, and a 100% success rate in 17 trades within the month. It is now receiving significant attention from the on-chain swing trading community.

ChainThink ChainThink reminds investors that recent cryptocurrency market volatility has significantly increased, and investors need to pay attention to risk control.