Why are James Wynn, Insider Brother, AguilaTrades, and other veterans so obsessed with rolling positions? Just look at the results from this address that seems almost 'divine': since April, starting with 125,000 USDT to roll long on ETH, it has now turned into $25 million...
● Started going long on ETH at this year's lowest point
In April, he withdrew 125,000 USDC from ChangeNOW and Kucoin through 2 addresses and transferred it into Hyperliquid to start going long on ETH. The first long position on ETH was at a price of $1,490, at the year's lowest point.
● Rolling profits to snowball
Since he started going long on ETH, the price of ETH has risen steadily, and through continuous profits, he has snowballed his position from initially a few hundred ETH to now 66,000 ETH, with a position value of $300 million. The most recent increase in position was yesterday morning at 9 AM.
● Floating profits
Starting from $125,000, the current floating profit is $24.78 million. Just the day before yesterday, when ETH peaked at $4,788, the floating profit even reached $43 million.
● Current position situation of his two addresses
10x long 44,916 ETH, position value $200 million, opening price $4,067, liquidation price $4,200, floating profit $17 million.
Address: 0xd076114257b043891da51194321300c2cd2327bb
10x long 21,832 ETH, position value $100 million, opening price $4,093, liquidation price $4,198, floating profit $7.8 million.
Address: 0x5f72f33fb4e80d3c01c8ca91d4e56e09e49eda67
This is simply the ultimate ideal result of the rolling position strategy. Who can resist such tempting profits? James Wynn, Insider Brother, AguilaTrades, and other veterans have all experienced the sweetness of rolling positions (all have made huge profits through rolling positions) and have a path dependency.