Trader Closes Most Altcoin Long Positions, Retains Bitcoin Holdings

2026-01-17 18:52

A trader known as 'Pigeon' has closed the majority of his altcoin long positions, citing that while the gains did not meet expectations, any profit is worthwhile. He continues to hold his core Bitcoin long positions and has accumulated significant cash reserves, ready to seize the next opportunity. Previously, Pigeon publicly disclosed his investment in Solana (SOL), achieving an estimated return of 7.7% as the price rose from $134 to $144.32. His recent trades from Bitcoin to Solana have been notably successful.

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