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I recently came across an interesting trading idea. This trader is employing a completely opposite strategy—adding to ETH long positions while simultaneously establishing BTC short positions.
Looking at the actual holdings, the overall setup is quite intriguing:
**On the ETH side**, the long position opened just yesterday now holds 27,304 ETH, worth approximately $80.04 million. The entry price was $2,931.9. Although there is currently an unrealized loss of $5,543, the scale of the position clearly indicates a medium-term bullish outlook.
**On the BTC side**, it's the opposite. The short position was opened just 9 hours ago, holding 250.36 BTC with a total scale of about $21.91 million. The entry price was $87,334.2. It is also currently in an unrealized loss, with a loss of $46,000.
Interestingly, this account has been operating since July and has accumulated a total profit of $3.638 million. Although both positions are currently underwater, the trader's performance over the year suggests they are not just gambling. This contrarian setup of being bullish on ETH and bearish on BTC raises the question: is this a bold counter-trend judgment or based on some deeper market insight? It’s worth following further.