Trader obtém lucro de US$ 200 mil vendendo Bitcoin e Ethereum. QUBE ICO ultrapassa US$ 6.7 milhões
A crypto trader capitalized on the recent downturn in Bitcoin (BTC) and Ethereum (ETH) prices, pocketing a profit worth $200,000. The traders decision to short BTC and ETH preceded a significant market correction, with BTC plummeting from $43,800 to $40,400 within a short span, as reported by blockchain analytics platform Lookonchain. The Traders Winning Formula This trader, active on the #GMX platform has a trading history of 46 transactions. Despite a seemingly modest win rate of approximately 35%, the total profit from these endeavors stands impressively at around $457,000. On average, every trade has a leverage of 14x, and positions are held for about seven days. The trader also used stop-loss orders consistently thus keeping his losses in control for each trade. Bitcoin and Ethereum in the Red After a week of bull runs, Bitcoin and ETH were in a downtrend. At $42,000 per Bitcoin, this marks a 5% drop, with Ethereum also down 4.8% at $2,220. The weekly RSI indicator shows a reading of 78, which calls into question whether the market is overbuying and is risky for incoming entrants. Recently, there has been a high demand for crypto funding rates, which indicates that there are many more long orders than short ones. The increase