100% Successful Trader is Losing in Ethereum

A recent development that has caught the attention of investors is the situation of a smart Ethereum (ETH) trader, known for his 100% win rate, who incurred a loss of $1.2 million with his latest transaction. According to data provided by the on-chain analysis platform Lookonchain, the trader with the address 0x4e8d closed his long Ethereum positions just before the recent drop, realizing a profit of $948,000. With this strategy, the trader increased his total profit to $3.2 million and subsequently opened a new 4x long position of 9,200 ETH (approximately $35.6 million).

However, as the price of Ethereum turned downward, the trader now faces a loss of more than $1.2 million. The trader’s past successful moves have rekindled the question on social media platforms, "Is he smart or does he have insider information?" Lookonchain reported that the trader made $1.5 million in profit within just two hours and set his take-profit level at $4,150 during this process.

The price of Ethereum (ETH) has been experiencing quite a volatile trend in recent days. The increasing volatility observed, especially in leveraged trades, indicates that even traders with high profitability rates are at risk. Analysts warn that such large positions could trigger short-term movements in the market. This situation means that investors should be cautious and ensure they manage their risks well.

In summary, investors should closely monitor the fluctuations in the price of Ethereum and remember that even a trader with a 100% success rate can incur losses. It is emphasized that a strategic approach should always be adopted to generate profits.