While Bitcoin (BTC) has been facing a bearish curve over the past few months, the beginning of March saw the cryptocurrency chart a dramatic surge above $$73,500.

As per the on-chain analytics platform Lookonchain, a crypto trader has been placing leveraged bets on Bitcoin and has made a profit of more than $27 million.

Related: U.S. Treasury takes dramatic U-turn on crypto mixers

The trader, with the address 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902, has opened 10 leveraged positions—both long and short—on Bitcoin since March 1, as per Hyperdash.

The trader has netted a total profit of more than $1 million on all the 10 trades in a row in March, with no losses so far. Their latest trade is a thrice-leveraged short…