The best-performing traders on decentralized exchange GMX are going long on Bitcoin (BTC) and Ethereum (ETH) while most of the market hesitates with uncertainty.
According to blockchain tracking firm Lookonchain, three of the most profitable traders on GMX are currently long on BTC and ETH.
Lookonchain says one of the traders with a 70% win rate went long on Bitcoin at $28,000 and Ethereum just above $1860.
“This trader earned $1,420,115 on GMX but he traded 78 times and won 55 times, with a winning rate of only 70.51%. He is currently long BTC and ETH with entry prices of $28,090 (BTC) and $1,861 (ETH) respectively.”
The firm says another high-performing trader positioned themselves long at similar price points.
“This trader earned $1,380,206 on GMX but he traded 170 times and won 98 times, with a winning rate of only 57.65%.
He is currently long BTC and ETH with entry prices of $28,141 (BTC) and $1,859 (ETH) respectively.”
A third trader with a fantastic 90% win rate, according to Lookonchain, went long on Ethereum at $1,888.
“This trader has a very high win rate on GMX, traded 240 times, and won 216 times, with a win rate of 90%.
He made a total of $65,875 and currently long $ETH with an entry price of $1,888.”
At time of writing, Bitcoin is trading for $28,442 while Ethereum is priced at $1,860.
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The post Top Performing Traders Positioning Themselves Long on Bitcoin (BTC) and Ethereum (ETH): On-Chain Data appeared first on The Daily Hodl.
