An anonymous Ethereum trader, known by the address 0xcB92, has managed to earn over $20 million in just one month through high-precision trades.
Trader's Trading Strategy
According to the analysis firm Lookonchain, the trader demonstrates almost flawless precision by entering long positions near market bottoms and short positions at peaks. Such timing strategies have significantly boosted the trader's profits.
Profits and Trading Positions
The trader currently holds a $97 million short position on Ethereum, with $14.8 million in unrealized profit. This month, he executed only 3 trades that netted $2.66 million (short) on June 6, $1.62 million (long) on June 5, and $1.116 million (long) on May 23.
Discussion of Trader's Success
The success of this trader challenges the perception of crypto trading as speculative gambling. While some users praise the trader as a 'beast from the future,' others caution that such success requires years of experience and cannot be merely imitated.
The success of this anonymous trader highlights that high-precision strategies and a deep understanding of the market can lead to significant financial outcomes in crypto trading.
