ChainCatcher reported, citing monitoring by on-chain analytics platform Lookonchain (@lookonchain), that trader 0xa2e8 completed 10 ETH long-short trades over the past five days. Of those trades, 9 were profitable, giving the trader a win rate of 90% during the period covered by the monitoring data.
Lookonchain’s data shows that the trader has accumulated $4.93 million in profit from these ETH trades. The disclosed activity focuses on ETH directional trading, including both long and short positions, with the latest figures highlighting the number of completed trades, the profit count and the total gains recorded over the five-day span.
The trader currently holds an ETH short position. According to the same monitoring, 0xa2e8 is shorting 17,000 ETH using 20x leverage, with the position valued at approximately $29.32 million. A long-short trade refers to taking positions based on upward or downward price direction, while leverage increases the effective position size as well as the scale of profit and loss fluctuations.