High-Stakes Trader Posts $3.4M Paper Profit on 17 Long Crypto Perpetual Positions

Source: Cryptonews Original Title: High‑stakes trader posts $3.4m paper profit on 17 long crypto perpetual positions Original Link:

Overview

A cryptocurrency trader has opened long positions valued at $32.6 million across 17 digital assets, generating $3.4 million in unrealized gains according to blockchain tracking data. The trading activity represents one of the largest single-day leveraged trades during the period.

Position Details

The trader’s portfolio consists entirely of perpetual contracts with no spot holdings. Key metrics include:

• Total Leveraged Exposure: $32.6 million across 17 cryptocurrencies
• Unrealized Profit: $3.4 million
• Average Leverage Ratio: ~2.8x
• Maximum Drawdown: 6.49%
• Recent Trades: 27 executed over the past week
• Position Status: All long, no shorts currently open

The account maintains substantial free margin available for additional position adjustments, with total equity estimated in the low tens of millions of dollars.

Secondary Portfolio

The same account maintains a separate portfolio across approximately 12 assets, currently showing several million dollars in floating gains. Both portfolios remain active with ongoing profit increases reflecting recent market trends.

Market Impact & Strategy

The diversified approach across multiple cryptocurrencies suggests a strategy to spread risk across different market movements. Market analysts note that large multi-asset positions may influence short-term price trends. The trading activity has attracted attention among both institutional and retail market participants, with tracking tools providing transparency into the active positions.

Both accounts continue to be monitored as they remain active in the market.