A prominent crypto trader, known for shorting during the October 11 flash crash, has seen his cumulative profits reach $145 million. Recent market movements have significantly boosted his earnings, with a long position in Bitcoin yielding over $49.67 million in unrealized gains as BTC surpassed $96,000. Additionally, his Ethereum position, valued at $676 million, has generated over $36.96 million in unrealized profits as ETH climbed past $3,300. Despite these impressive gains, the trader has incurred substantial funding fees totaling $6.65 million. This highlights the high-stakes nature of his trading strategy, which involves enduring significant market fluctuations. Following his trades remains a challenging endeavor for most investors due to the substantial capital and risk involved.
Crypto Trader's Profits Soar to $145 Million Amid Market Surge
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