An unknown trader known as “@0x58bro” has recorded over $33.81 million in realized profits from shorting altcoins over the past six months. The trader is now holding large leveraged short positions on bitcoin (BTC) and Ethereum (ETH).
Data from Arkham Intelligence attributes the performance to a series of successful positions across multiple tokens during the period.
HE MADE $33M SHORTING ALTS BUT NOBODY KNOWS WHO HE IS
He only has 9.2K followers on X, but @0x58bro made over $33.81M shorting altcoins like ENA and LTC over the past 6 months.
Right now, this multimillionaire trader is short over $23M of BTC+ETH. Will he be right this time? pic.twitter.com/vxtRifWmjL
— Arkham (@arkham) April 24, 2026
How the Trader Is Positioned
For context, the trader executed a range of short positions on assets including ENA and Litecoin, with entries and exits actively managed across different market moves. These trades contributed to the overall realized performance.
Arkham Explorer data indicates the entity operates multiple wallet addresses linked through a coordinated trading structure. Notably, activity is spread across Binance, Kraken, decentralized finance (DeFi) protocols, and MEV bots. The setup suggests a structured execution approach rather than isolated wallet activity.
At the same time, recent on-chain snapshots show the overall portfolio valued near $495,150. A large portion is held in stablecoins following earlier profit withdrawals.
Big BTC and ETH Shorts Spark Market Debate
As of April 24, 2026, the trader holds large short positions in bitcoin and ether on Hyperliquid. The positions include 5,000 ETH at 25x leverage and 135 BTC at 40x leverage, with a combined notional value exceeding $23 million.
These leveraged positions carry high exposure to market volatility, with unrealized profits and losses that fluctuate with price movements. Sharp upward swings in BTC or ETH could significantly increase liquidation risk due to the scale of leverage used.
Beyond the position metrics, market participants are divided on the strategy. Some point to a reported 91% win rate across 67 trades. Others argue that macro conditions and ETF-driven demand could make continued shorting of major assets increasingly risky.
Meanwhile, observers note the trader’s low profile contrasts with position sizes that usually attract attention during volatile sessions. This has sparked broader community commentary around the nature of the strategy and execution style.
“It’s always the silent accounts having the best trades,” one user stated.
Another user wrote:
“Quiet, no audience, just pnl. that’s a different kind of ct.”
Ultimately, whether the current BTC and ETH shorts succeed or fail will depend on near-term market direction and liquidity conditions tied to these positions.
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