Korean Trader Nam Se-hee Reduces Shitcoin Longs to 19, Closes MYX Longs with a Loss of $350,000

BlockBeats News, September 15th, according to Binance platform data, South Korean trader NAMSEOKHEE has reduced his shitcoin long positions to 19. The account's profits experienced a significant drawdown, with the MYX long position liquidation resulting in a $350,000 loss. Currently, the 7-day ROI is -60.52%, and the total account profit has decreased to $26,000.

Earlier reports stated that on September 8th, South Korean trader NAMSEOKHEE, who had previously longed 107 shitcoins on the Binance futures platform, exited after the shitcoin season failed. NAMSEOKHEE made a comeback over the past weekend and opened 56 shitcoin long contracts, betting on the resurgence of the shitcoin season. This operation turned his overall position from a loss to a profit. His strategy this time is more conservative: he opened positions for most shitcoins with only $300 to $600 in margin, still using 20x leverage, increased the margin to $2,500 for only a few shitcoins he particularly favors, and has been holding the positions without taking profits.