Recent on-chain activity reveals a major strategic move by a high-profile trader, who has deployed a total of $30.3 million into long positions on Bitcoin (BTC) and Ethereum (ETH). This is not a fleeting trade, but a calculated bet reflecting deep confidence in the crypto market’s momentum.
Betting Big on Core Cryptos
The trader used 10x leverage to build substantial exposure:
- Ethereum (ETH): Opened a long position of 7,500 ETH, valued at $15.83 million, with an average entry price of $2,050.71 — currently sitting on a $462,000 unrealized profit;
- Bitcoin (BTC): Took a $14.48 million long on 200 BTC at an average of $73,080 per coin, currently down $122,000 on paper.
While the BTC leg is temporarily underwater, the overall position remains highly profitable.
Proven Track Record: Over 36x Return Since Late 2024
Since December 20, 2024, this trader has amassed nearly $12.5 million in cumulative profits. With a historical win rate of 50%, their aggressive yet disciplined strategy has yielded a staggering 3,698% total return — a testament to sharp market timing and risk management.
These moves are reigniting discussions about the next phase of the bull cycle, especially as macro conditions stabilize and institutional interest grows. Such bold positioning may signal growing conviction in a sustained rally ahead.