The "rollover trader" has further increased his short positions in HYPE, bringing the total value of his short positions across four cryptocurrencies to a staggering $261 million.

PANews reported on January 20th that, according to on-chain analyst Yu Jin, "rollover trader 0xD83...Fd7" has increased his short position in HYPE in the past half hour. He started by shorting ETH last Friday and then used profits to roll over his short positions in other cryptocurrencies. He now holds short positions in four cryptocurrencies: BTC, ETH, HYPE, and XMR, with a total value of $261 million.

He turned his initial investment of 3 million USDC into $11 million through short selling, and his holdings are as follows:

• A short position of 1640 BTC ($150 million) was opened at $92,120 and closed at $94,732. The unrealized profit is $1.98 million.
• A short position of 31,093 ETH (US$100 million) was opened at US$3,270 and closed at US$3,269. The unrealized profit is US$6.29 million.
• 728,000 HYPE contracts (US$16 million) short, opened at US$21.77, closed at US$30.1. Unrealized loss of US$60,000.
• 824 XMR contracts (US$450,000) short position, opened at US$605, with a floating profit of US$40,000.