The "Long ETH over BTC Exchange Rate" trader "exited" during the pullback and "rekt" their ETH long position at a lower level, tripling their daily profit.

BlockBeats News, January 30th, according to Coinbob Popular Address Monitor, a trader who adopted the "long ETH against BTC exchange rate" strategy actively closed his position and switched from a rate long to a unilateral short by closing all ETH long positions and reallocating funds to increase BTC short positions at 5 am today to anticipate or respond to overall market downside risk. 9 hours later, as the market fell as expected, the short position made a substantial profit.

Subsequently, the trader re-entered at a lower level during the market pullback bottom area: in the past 3 hours, part of the closed BTC short position realized a profit, and immediately used the funds to restart ETH long positions, restoring the position to the "ETH long/BTC short" rate hedge structure. The dual position scale has been realigned, and with the market rebound, a double-digit floating profit has been realized.

Benefiting from this round of "exit during the pullback and restart at a lower level" active swing trading, the account assets of this address have increased from $70,000 to $270,000 today, realizing approximately triple the principal return. The current holding information is as follows:

40x BTC Short: Position size approximately $2.9 million, floating profit $143,000 (196%), average price $86,700;

25x ETH Long: Position size approximately $2.75 million, floating profit $31,000 (28%), average price $2,724.

This address is a trader who is long on the ETH against BTC exchange rate, prefers to be long on the rate during periods of consolidation, and makes large unilateral bets at key points.