According to on-chain data analysis, a seasoned trader has recently achieved $2M profit by strategically betting on Nasdaq 100 index and copper prices.
Portfolio Breakdown
With total positions valued at $48.16M, approximately 79% is concentrated in Nasdaq 100 index and copper futures contracts worth nearly $39M, demonstrating strong confidence in technology and base metals markets.
- Nasdaq 100 Index: $21.18M position with $579,400 floating profit
- Copper Futures: $17.82M position with $82,400 floating profit
- Micron Technology: $2.59M position with $531,900 floating profit
Strategy Evolution
Previously holding major positions in gold and successfully taking profits, the trader has now shifted focus to technology stocks and industrial metals, indicating sharp market cycle recognition.