He went long on $BTC in the past month and made ~$522K.
Moreover, he didn't lose any money even in the down market.
How did he do it?👇
2/ The smart trader opened long positions in $BTC and $WBTC on April 23 and then closed the long position on April 28, which made him ~13 $BTC ($435K).
3/ Then the smart trader opened a long position in $BTC again on May 5 and closed on May 6, which made him ~0.77 $BTC ($25K).
4/ From May 11 to 12, the price of $BTC dropped by ~6%, and this smart trader's long position remained profitable because he placed limit orders.
He went long on $BTC after the price plummeted, and then set the closing price to make a profit, earning ~2.26 $BTC ($62K) in total.
5/ On May 16, this trader opened three long positions in $BTC.
As the $BTC price dropped, he increased his long positions.
A whale lost 1,155 $WBTC($71M) due to a phishing attack on May 3.
A week later, the attacker returned all the funds.
How did it happen?
What should we pay attention to?
1/🧵
A thread tells you the whole story.
2/ After the market drop on May 2, this whale spent 29.6M $DAI to buy 502 $WBTC at $58,951.
Then he wants to create a new address and transfer all funds to the new address.
So on May 4, he created a new address and transferred 0.05 $ETH for testing.
3/ The attacker generated many phishing addresses in advance and monitored users' on-chain activities.
When he detected the whale starting to transfer funds, they immediately transferred 0 $ETH to the whale using a phishing address with the same starting and ending letters.