Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
A prominent crypto trader operating under the handle 0xc2a3, known for an alleged 100% win rate and precision trading, has significantly increased his leveraged long positions in Ethereum and Bitcoin. This strategic move, totaling over $140 million across both assets, indicates strong confidence in Ethereum’s short-term upside potential and a broader recovery across the cryptocurrency market.
Ethereum and Bitcoin Positions
On-chain data and activity observed on the Hyperliquid platform reveal that 0xc2a3 has expanded his Ethereum long position to 33,270 ETH, which is currently valued at approximately $131.24 million. This substantial wager was opened with 5x leverage, underscoring the trader’s bullish conviction in Ethereum’s price trajectory.
In addition to his Ethereum play, the trader also demonstrated confidence in the wider market’s rebound by initiating a 4x leveraged long position on 80 BTC. This Bitcoin position is estimated to be worth around $8.9 million at current rates.
Market Context and Timing
These recent actions by 0xc2a3 coincide with Ethereum’s notable recovery from a local bottom around $3,750 and its subsequent resilience above the $3,900 mark. Chart analysis suggests a potential breakout above $4,000, which would represent a significant reversal from the recent market correction.
Should Ethereum successfully reclaim the $4,100-$4,250 range, the trader’s timing could once again prove exceptionally accurate, aligning with his reported impeccable win record.
Trader’s Track Record
To date, 0xc2a3 has reportedly amassed over $15.4 million in total profit, building upon a previous record of more than $12 million. His past successes include a high-precision long position in Bitcoin, which he initiated between $108,700 and $109,100 and subsequently grew to 716 BTC, valued at $78 million.
Market Outlook
The substantial leveraged positions taken by trader 0xc2a3 are generating considerable market interest, given his consistent profitability and historical accuracy. As Ethereum’s price continues to consolidate around crucial resistance levels, many investors will be closely monitoring whether the market’s direction aligns with this influential trader’s latest audacious move.
