The cryptocurrency market is experiencing a resurgence, driven by recent positive developments and notable gains from a trader nicknamed ‘Calm Order King’. Since November 5th, this trader has accumulated a floating profit of $6.7 million, representing a substantial 185% increase in just over two months. This impressive growth stems from a combination of long positions across major cryptocurrencies like Ethereum (ETH), Bitcoin (BTC), and Solana (SOL). As of the latest update, these positions remain open. The trader’s primary holdings include:
– **Ethereum (ETH):** $2.87 million in floating profit (297% return), average price of $3,431, position size of around $24.16 million.
– **Bitcoin (BTC):** $1.09 million in floating profit (95% return), average price of $103,500, position size of approximately $22.88 million.
– **Solana (SOL):** $1.67 million in floating profit (157% return), average price of $153, position size of about $21.25 million.
– **Uniswap (UNI):** $1.07 million in floating profit (240% return), average price of $5.02, position size of around $4.45 million.
The trader has effectively turned an initial capital of $3 million into over $28 million, highlighting their skill in predicting market trends and securing multiple profits exceeding $4 million. This success has drawn significant attention from the on-chain swing trading community.