Summary
- "The trader who drew attention with a "100% win rate" reportedly cut losses on all Bitcoin (BTC) long positions and some Ethereum (ETH) and Solana (SOL) long positions, Lookonchain said.
- The trader recorded $33,000,000 in profits over the past 10 days, but this stop-loss turned the P&L of -$17,600,000.
- Considering the average leverage of 10x or less, the loss was analyzed to be due to short-term market volatility, and market participants are watching for future position changes.
A trader who had attracted attention with a 100% win rate has seen their winning streak stop.
On the 3rd (local time), on-chain data analysis platform Lookonchain said "the whale trader known by address 0xc2a3 liquidated all Bitcoin (BTC) long positions it held and cut losses on some Ethereum (ETH) and Solana (SOL) long positions."
The trader recorded $33,000,000 in profits through 14 long/short position trades over the past 10 days and had a 100% win rate as of the previous day, but this stop-loss turned the P&L to -$17,600,000.
Lookonchain analyzed that "considering the average leverage was 10x or less, this loss appears to be due to an expansion of short-term market volatility."
This stop-loss raises the possibility that the trader's fund management direction may shift, and market participants are watching the address's future position changes.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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