Recently, the crypto market witnessed an impressive achievement by an unknown trader who turned an investment of $6,800 into a profit of $1.5 million, accounting for over 3% of liquidity on a major crypto exchange.
Trading Strategy and Successful Results
According to market observer Adverse Selectee, a small trading account with less than $200,000 in equity recorded a trading volume of $1.4 billion over the past two weeks. This account has consistently ranked among the top contributors to the exchange's total maker volume.
Advantages and Risks of the Approach
Utilizing an unorthodox method, the trader focuses on only one side of the order book—either bids or asks. This can expose the trader to adverse selection, where more informed traders can exploit their quotes. Despite the risk, the trader managed to achieve consistent profits with a maximum drawdown of just 6.48%.
Focus on Perpetual Contracts
The trading appears to be exclusively focused on perpetual futures contracts, with no funds allocated to spot holdings or staking. This setup aligns with high-frequency trading or automated market-making strategies, which may use latency-optimized execution systems. The trader is currently holding long positions worth $175,000 in the Solana/Tether perpetual futures trading pair while maintaining a $20,000 short position on Dogecoin.
The success of this crypto trader stands out amid a volatile market, showing that innovative approaches can lead to significant profits despite inherent risks.
