The investment entity known as “Cool-headed Whale” has launched a significant averaging down short position valued at $79.7 million. Within just two days, the entity successfully managed to reduce its floating losses from 150% down to 27%. This strategic move reflects an approach aimed at mitigating losses in a challenging market environment. The substantial size of the position indicates a calculated and confident stance by the entity, suggesting it has a compelling rationale for its trading decisions. The reduction of losses over such a short period highlights the effectiveness of the strategy employed.
