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South Korean trader Nam Seok-hee has reduced his altcoin long orders to 19, and closed his MYX long order with a loss of $350,000.
On September 15, according to data from the CEX platform, South Korean trader NAMSEOKHEE has reduced his alt long orders to 19. The account has seen a significant drawdown in profits, with the MYX long order closing at a loss of 350,000 USD. The 7-day return rate is currently -60.52%, and the total profit of the account has dropped to 26,000 USD. Previously reported, on September 8, South Korean trader NAMSEOKHEE, who had previously made a long bet on 107 altcoins on the CEX contract in sync, exited after a failed bet on alt season. NAMSEOKHEE has opened 56 alt long contracts from last weekend to this morning, re-betting on the arrival of the alt season. This operation has turned his total Position back to profitability, and this time his strategy is more conservative than before: most alts are only opened with a Margin of 300 to 600 USD, still using a 20x full margin model, and only for a few particularly favored altcoins is the Margin increased to 2500 USD, while maintaining holdings without taking profit.