A trader has been all in on Ethereum with $125,000 since April, continuously increasing his position as the price rises.

By August 17, the value of his assets had skyrocketed to $29.6 million, achieved by buying more as the price went up, with his holdings rolling from a few hundred Ethereum to 66,000, totaling a value of $300 million.

When he first bought Ethereum, the price was only $1,490, right at the lowest point this year, showing keen insight.

As of August 16, the situation of his two accounts was as follows:

One account used 10x leverage to buy 44,916 Ethereum, worth $200 million, with a purchase price of $4,067. He has made $17 million in profit and would be forced to liquidate if the price drops to $4,200.

The other account also used 10x leverage, buying 21,832 Ethereum, worth $100 million, with a purchase price of $4,093, earning $7.8 million. It would be liquidated if it drops to $4,198.

Just recently, he completed his liquidation and within two hours immediately established a long position in Ethereum worth $100 million. Now the two addresses hold a total of 23,500 Ethereum long positions:

One has used 25x leverage to buy 18,000 Ethereum, worth approximately $77.12 million, with a purchase price of $4,303. It would be liquidated if it drops to $4,096.

The other also used 25x leverage, buying 5,500 Ethereum, worth approximately $23.56 million.

This trader is confident that Ethereum will rise, continuously adding leverage and positions, seemingly all in with $ETH #主流币轮动上涨 .