According to crypto KOL AB Kuai.Dong, South Korean trader NAMSEOKHEE (Nan Shixi), who had opened more than 60 long orders for altcoins due to betting on the altcoin season, has just closed all of his long orders, leaving only the last order of ENA (currently with a floating loss of US$109,000).

He had previously used this strategy to make a profit of $712,000 USD a week ago. However, convinced that the altcoin season would soon arrive, he ultimately did not close most of his positions, causing all his profitable trades to eventually turn into losses.