An emerging crypto trader known as Ray is taking a bold approach to Bitcoin trading amid heightened market volatility. Recent data from BlockBeats On-chain Detection reveals that Ray initiated a substantial long position in Bitcoin, valued at approximately $61.81 million just seven hours ago. This move involved buying around 548 BTC using a rolling accumulation strategy, which seeks to buy in gradually as prices trend down. Ray’s current unrealized loss stands at $1.56 million, reflecting the volatile nature of the market. Ray has a history of success, turning an initial investment of just $240,000 into a remarkable $6 million profit within a short period. Notably, his single-day trading gains reached an impressive high of $5.92 million in USDC currency. While BlockBeats reminds investors to remain cautious due to recent market volatility and stresses the importance of risk management strategies. #BTC