BlockBeats News, January 30 — According to Coinbob’s popular address monitoring, a trader employing a “long ETH relative to BTC exchange rate” strategy exited their position at 5 a.m. today, during a forecast or response to the overall market downturn risk. The trader closed all ETH long positions and concentrated funds into shorting BTC, switching the strategy from long on the exchange rate to a unilateral short position. At 9 a.m., the market declined as expected, resulting in significant profits from the short positions.
Subsequently, the trader re-entered the market at low levels during the bottom of the correction: over the past 3 hours, they closed part of their BTC short positions with profits and immediately used the funds to restart ETH long positions, restoring the position to a hedge structure between “ETH long / BTC short” exchange rates. Currently, the dual positions are re-matched, and with the market rebound, both lines have realized floating gains.
Thanks to this active wave operation of “exiting during the correction and re-entering at low levels,” the address increased its account assets from $70,000 to $270,000 today, achieving approximately 3x return on the principal. The current holdings are as follows:
40x BTC short: position size approximately $2.9 million, floating profit $143,000 (196%), average price $86,700;
25x ETH long: position size approximately $2.75 million, floating profit $31,000 (28%), average price $2,724.
This address is a trader who goes long on the ETH relative to BTC exchange rate, preferring to go long during sideways markets and making large unilateral bets at key points.
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