A smart trader using Ethereum has earned $20 million in under a month with a flawless strategy, as per data from Lookonchain.
The trader consistently bought ETH near local bottoms, closed positions before sharp declines, and re-entered with short positions at the top, showcasing exceptional timing and execution.
The trader's unrealized profits initially reached $12 million, but continued holding the position, leading to a surge in gains to over $14.8 million after a drop in Ethereum's price.
The total gains from the trader's Ethereum moves have now exceeded $20 million, attracting attention and admiration on social media.
Analysts suggest monitoring wallets like 0xcB92 for insights into market timing strategies executed with precision.