An anonymous Ethereum (ETH) trader identified as 0xcB92 has profited over $20 million within a single month while leveraging impeccable timing and strategic trades. The feat, highlighted by blockchain analytics firm Lookonchain, has sparked intrigue among crypto enthusiasts as ETH prices continue to fluctuate.
According to data from Hyperdash, a real-time data provider for decentralized perpetual trading platform Hyperliquid, the trader has demonstrated near-flawless precision with going long near market bottoms and shorting at peaks.
These perfectly timed trades have made him millions, while he is currently sitting at $14.19 million in unrealized profits.
This trader is currently holding a $97 million short position on Ethereum (ETH) with a profit of $14.8 million, the trade of which coincides with Friday’s dip from $2,560 to a current price of $2,382 in a colossal sell-off.
Notably, the trader has executed only 3 trades this month, which all netted $2.66 million (short) on 6 June, $1.62 million (long) on 5 June, and $1.116 million (long) on 23 May. These profits underscore the trader’s ability to anticipate market shifts and stay ahead of the curve.
The success of this trader challenges the perception of crypto trading as speculative gambling. While some users on X hail the trader as a “beast from the future,” others caution that such success requires years of experience, not mere imitation.
Also read: Veteran Trader Peter Brandt Gives Golden Advice As Bitcoin Nears ATH
