Top Performing Traders Positioning Themselves Long on Bitcoin (BTC) and Ethereum (ETH): On-Chain Data
The perfect-performing merchants on decentralized trade GMX are going lengthy on Bitcoin (BTC) and Ethereum (ETH) whereas many of the market hesitates with uncertainty.
In keeping with blockchain monitoring agency Lookonchain, three of probably the most worthwhile merchants on GMX are presently lengthy on BTC and ETH.
Lookonchain says one of many merchants with a 70% win price went lengthy on Bitcoin at $28,000 and Ethereum simply above $1860.
“This dealer earned $1,420,115 on GMX however he traded 78 occasions and received 55 occasions, with a successful price of solely 70.51%. He’s presently lengthy BTC and ETH with entry costs of $28,090 (BTC) and $1,861 (ETH) respectively.”
The agency says one other high-performing dealer positioned themselves lengthy at comparable value factors.
“This dealer earned $1,380,206 on GMX however he traded 170 occasions and received 98 occasions, with a successful price of solely 57.65%.
He’s presently lengthy BTC and ETH with entry costs of $28,141 (BTC) and $1,859 (ETH) respectively.”
A 3rd dealer with a incredible 90% win price, in response to Lookonchain, went lengthy on Ethereum at $1,888.
“This dealer has a really excessive win price on GMX, traded 240 occasions, and received 216 occasions, with a win price of 90%.
He made a complete of $65,875 and presently lengthy $ETH with an entry value of $1,888.”
At time of writing, Bitcoin is buying and selling for $28,442 whereas Ethereum is priced at $1,860.
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