Ethereum

Bitcoin

The unpredictable nature of crypto trading was recently highlighted by one trader’s dramatic gains and losses on the <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="GMX" href="https://captainaltcoin.com/go/gmx-2/" data-shortcode="true">GMX platform</a>. 
This trader made headlines with a staggering $1.05 million loss after going long on Bitcoin at $28,433 right before the market plunged. However, their prior success told a different story. 
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 <img decoding="async" loading="lazy" width="1024" height="575" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-1024x575.png" alt="" class="wp-image-318728" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-1024x575.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-766x430.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-1536x862.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-2048x1149.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-624x350.png 624w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-642-788x442.png 788w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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Across four previous trades on GMX, the trader had amassed total earnings of $640,000, demonstrating savvy skills. But the volatility continued. After shorting Ethereum at a high price on July 14 and closing post-crash on August 17, they netted nearly $1 million in profits. 
Seizing the moment, the trader immediately went long again on Ethereum at $1,624. This position has now yielded $189.5K profit, despite prior losses. With 10 trades total on GMX, 8 were ultimately profitable, giving this trader an 80% win rate. 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="523" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-1024x523.png" alt="" class="wp-image-318736" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-1024x523.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-300x153.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-766x391.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-1536x784.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-2048x1045.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-294x150.png 294w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-686x350.png 686w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-643-788x402.png 788w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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While their recent Bitcoin loss underscores the ever-present risks, their overall performance is inspirational for those looking to navigate the crypto waters. The crypto market remains unpredictable, where only the most strategic players can consistently win. Those interested can follow this trader’s ongoing journey on their public GMX account. 
The tale reminds us that fortunes can be made or lost in the blink of an eye in crypto. But savvy traders will still find ways to come out ahead. 
<a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="GMX" href="https://captainaltcoin.com/go/gmx-2/" data-shortcode="true">Start trading on GMX today.</a> 
Source: <a href="https://twitter.com/lookonchain" target="_blank" rel="noopener noreferrer nofollow">LookOnChain</a> 
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The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/despite-big-btc-loss-this-trader-still-pocketed-over-1000000-with-eth-and-other-wins/">Despite Big BTC Loss, This Trader Still Pocketed Over $1,000,000 With ETH and Other Wins</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.

Despite Big BTC Loss, This Trader Still Pocketed Over $1,000,000 With ETH and Other Wins

CaptainAltcoin

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