Korean trader Nam Seok-hee reduced his altcoin long orders to 42, with unrealized losses of $290,000 on MYX long orders.

On September 14, according to data from CEX platform, Korean trader NAMSEOKHEE has reduced his altcoin long orders to 42. Profits have seen a pullback, with MYX long order showing unrealized losses of $290,000. Currently, the 7-day yield has dropped to 261%, and the total profit in the account is about $332,000. Previously reported on September 8, after betting on the alt season and failing, Korean trader NAMSEOKHEE returned to the market, having previously made long orders on 107 altcoins on CEX contracts. Since last weekend until this morning, NAMSEOKHEE has opened 56 altcoin long order contracts, re-betting on the arrival of the alt season. This operation has brought his total position back to profitability. This time, his strategy is more conservative than before: most alts have only opened Margin of $300 to $600, still using the full position 20x model, and only for a few particularly favored altcoins has he increased the Margin to $2,500, while maintaining positions without taking profit.