This year has clearly presented the reality of the crypto market, where gains and losses are part of the industry. With the constant battle between bulls and bears, the beginning months were quite bullish, whereas the ongoing neutral market situation has challenged crypto investors. In such a complicated market, a retail trader has won at crypto trading, making more than $1 million in the last nine months with a 100% win rate. What it means is that his every single trade drove him towards profit.
However, he is not the only one with millions in profits. Earlier, three crypto traders made $ 2 million after the token surged 1000% overnight, hinting at how the market offers high profiting opportunities.
Crypto Trading Rewards Investor With $1.04M
Where the majority of the audience is struggling with crypto trading activities in the ongoing fear-driven market, one succeeded with swing trading WBTC. This revelation came after Spotonchain, a popular analytics platform, posted this crypto news on X, revealing a 100% win rate for this retail trader.
This retail trader made $1.04M from swing-trading $WBTC with a 100% win rate over the past 9 months!
Notably, the trader’s latest action was selling 60 $WBTC from the ongoing 8th trade for 3.62M $USDT near the peak ~10 hours ago, leaving 20.6 $WBTC ($1.24M) remaining.
Follow… pic.twitter.com/pWrywzYFX4
— Spot On Chain (@spotonchain) September 18, 2024
This series of constant gains began on December 12, 2023, when he made the first trade, buying 20.776 WBTC at an average price of $41,800 and selling it for $$43,432, making a profit of $33,883 and an ROI of 3.6%. And that did not stop there as he continued to do the same till September 18, maintaining an ROI between 2.22% to 7.71. With this, he made $1.04 Million in profits.
The Spotonchain post mentioned the last action of this crypto trader was today when he sold 60 WBTC for 3.62M. Interestingly, he still holds another 20.6 WBTC tokens worth more than $1.24 Million. It will be interesting to see when and how this trader will make that bet.
Over the last 15 years since the introduction of Bitcoin, the crypto trading industry has grown exponentially, becoming 2.08 Trillion in market capitalization. Not only that, it hosts millions of cryptocurrencies and billions worth of trade. However, despite that, not every trade turns profitable, but this crypto trader has made that happen with all his WBTC trades.
Retail Trader Holds Another $6M in Other Cryptos
This retail trader with a wallet address of “0xb8..” has been active for almost two years now but has not always made profits. He has endured his share of losses before pushing for a 100% success rate. Other than WBTC, he has another $ 6 million in two popular cryptocurrencies, which are 4.837M USDT tokens worth $4.833 and 520.952 ETH, worth $1.194M.
The PnL data shows a $1.930M in +2.891%, which is not great, but after counting the Ethereum price dropping 30% over this third quarter, it is a significant gain. ETH is constantly struggling on the charts, where its price has failed to recover to $3K, currently at $2.3K, putting many investors at a loss.
Final Thoughts
In a recent crypto trading success, an investor has made $1.04 Million after making eight trades with a 100% success rate. The retail trader has swapped WBTC for USDT, making a million in the last nine months, even in the challenging market. This crypto news impressed many netizens, becoming an example of how the right strategies get heavy gains even when the market challenged most of the cryptocurrencies.
The post Here’s How Retail Trader Earns $1.04M in 9 months with 100% Win Rate appeared first on CoinGape.
