An anonymous Ethereum trader, identified by the wallet address 0xcB92, is making headlines among analysts and investors after on-chain data revealed an impressive trading strategy. According to data from blockchain tracker Lookonchain, the trader’s ETH strategy has generated over $20 million in profits in just one month, catching the attention of not only the crypto community but also traditional financial players.
“Near-perfect” trading strategy
Over the past 30 days, the wallet address 0xcB92 has executed a near-perfect series of trades, consistently buying Ethereum near local lows and closing positions just before the price plummeted. Notably, the trader has also demonstrated the ability to “Short” precisely when Ethereum’s price peaked. This is a rare combination of order entry and trade execution, which has left many experts in awe.
Data from Lookonchain shows that this trader has a keen ability to identify market trends and pinpoint accurate price levels, allowing him to reap impressive returns that few can replicate.
Profits Exceed $20 Million
As of yesterday, the trader’s unrealized profits had reached $12 million. However, despite the huge profits, he decided to hold the position instead of closing the trade. This decision turned out to be the right one, as Ethereum went through another price drop, causing the unrealized profits to skyrocket to over $14.8 million.
