Crypto Trader Profits $17 Million Betting on Bitcoin and Ethereum Rebound
A seasoned crypto trader has defied October’s market turmoil, pocketing roughly $17 million in profit from long positions on Bitcoin and Ethereum.
Data from Arkham Intelligence shows that the trader, identified as “0xc2a,” opened long positions shortly before last week’s market rebound. Bitcoin and Ethereum subsequently gained 4% and 2%, respectively.
The trader’s precision came after one of the crypto market’s most volatile stretches, when more than $20 billion in leveraged positions were wiped out on October 10.
The market chaos began after President Donald Trump announced a 100% tariff on Chinese imports. The policy move sparked a…
