Trader Profits $5.6 Million by Countering Strategy

According to TechFlow, a trader with the address 0x2258 has reportedly earned approximately $5.6 million over the past three days by consistently countering the trading strategy of James Wynn. This information was monitored by the on-chain analysis platform Lookonchain. On May 24, when James Wynn took a long position on Bitcoin, the trader opted to short both Bitcoin and Ethereum, closing the position on May 25 with a profit of $1.36 million. Subsequently, as James Wynn switched to a short position, the trader went long, closing the position on May 26 with a profit of $2.54 million. The latest round of counter-trading has resulted in an unrealized gain of about $1.7 million.