A high-frequency trader, identified by the address 0xa43…57d28, has achieved a significant profit of $3.32 million through an Ethereum (ETH) long position. The trader, who has been likened to another well-known figure in the trading community, opened a 7x leveraged long position on ETH three days ago, holding 19,860.72 ETH valued at approximately $60.58 million. The average entry price for this position was $2,884.03.
Prior to this successful trade, the trader had a challenging period with only two small profitable trades out of 19 attempts over the past three days, resulting in a win rate of just 10.5%. Despite these challenges, the trader persisted in trading multiple tokens, including MON, ZEC, and ETH, frequently switching between long and short positions.
High-Frequency Trader Gains $3.32 Million on ETH Long Position
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