A prominent institutional trader has achieved a $2 million profit in January, leveraging significant positions in the Nasdaq 100 index and copper futures. The trader's address, monitored by Coinbob, holds a total position size of approximately $48.16 million, with Nasdaq and copper positions comprising 79% of this total, valued at $39 million. Key positions include a $21.18 million stake in the Nasdaq 100 index, yielding a floating profit of $579,400, and a $17.82 million position in copper futures, with a floating profit of $82,400. Additionally, the trader holds positions in Micron Technology, generating a floating profit of $531,900, and Palantir Technologies, which currently shows a floating loss of $247,500. The trader's strategy has shifted from on-chain gold to a focus on U.S. equities and precious metals, particularly emphasizing the Nasdaq index and copper.