LONDON (IT BOLTWISE) – A veteran crypto trader has made an impressive $17 million profit amid October market chaos. By precisely placing long positions on Bitcoin and Ethereum, he was able to benefit from a sudden market upswing that came after a period of extreme volatility.
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At a time when financial markets are characterized by uncertainty and volatility, an experienced crypto trader with the pseudonym “0xc2a” has a remarkable track record. Despite the turmoil in October caused by geopolitical tensions and economic uncertainties, he managed to make a profit of $17 million through strategic investments in Bitcoin and Ethereum. This performance is all the more impressive given that it came at a time when many other investors were suffering significant losses.
The recent market moves were triggered by former US President Donald Trump’s announcement of a 100% tariff on Chinese imports. This move led to a global sell-off in the stock and cryptocurrency markets. Amid this chaos, the price of Bitcoin briefly fell to a three-month low of under $105,000 before recovering. Trader “0xc2a” took advantage of this opportunity to add to his positions and benefit from the subsequent market rally.
Blockchain data analyzed by Lookonchain shows that “0xc2a” continually adjusted its portfolios based on changing market conditions. This ability to accurately anticipate market sentiments and trade accordingly has not only brought him financial profits but also caught the attention of analysts and other traders on Platform X. Its impressive track record of no losses to date is seen by many as an indicator of institutional positioning.
The success of “0xc2a” highlights how the behavior of so-called “whales” – large investors able to influence markets with a single transaction – can shape overall market sentiment. While smaller traders often watch the moves of these big players for clues about potential reversals or confirmations, the case of “0xc2a” shows that even in volatile markets, significant profits can be made through disciplined timing and strategic positioning.
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