#Write2Earn A cryptocurrency trader turned $6,800 into $1.5 million using a one-sided pricing strategy, dominating over 3% of the market maker volume on a major exchange in just two weeks.
An obscure cryptocurrency trader achieved profits of $6,800, capturing over 3% of the liquidity of a market maker on a major exchange.
Market observer "Adverse Select" highlighted on Thursday a small trading account that holds less than $200,000 in assets. Over the past two weeks, the account recorded trading volume of $1.4 billion, consistently remaining among the key contributors to the total trading volume of crypto market makers on the exchange.
The trader achieves regular profits by following an unconventional approach.
The performance dashboard shows that the trader only targets one side of the order book at a time - either the bid or ask prices - instead of balancing both.
This trading method may expose the trader to inaccurate options, as more knowledgeable traders exploit their prices. Despite the risks, this small innovator in cryptocurrency trading managed to maintain steady profits while keeping a maximum drawdown of only 6.48%.
The cryptocurrency community on platform X has appreciated the trader's trading style. Versace_Trader stated: "This is amazing," noting that the trader's net delta exposure rarely exceeds $100,000, indicating a well-managed risk strategy, and possibly market-neutral.
The secret behind the profitability of cryptocurrency trades
The account benefits from market maker discounts, as evidenced by the market maker fee of -0.0030%, which is a typical incentive for liquidity providers in centralized exchanges. These discounts, along with high-speed execution and smart pricing logic, allow the trader to achieve profits even before accounting for price movements.
The trading appears to focus entirely on perpetual futures, without allocating any funds for spot holding or storage. This setup aligns with automated market-making strategies or high-frequency trading, possibly using shared servers or optimized execution systems for latency.
The trader currently holds long positions worth $175,000 for the perpetual futures trading pair Solana SOL USDT while simultaneously maintaining a short position worth $20,000 on Dogecoin.