#比特币与黄金战争 【Quietly Making a Fortune: A Crypto Trader’s 300 Million Profit Breakdown】

There’s always a type of person in the market—those who don’t hype, don’t stream, don’t speak out, but let the data speak for itself. Recently, a story about a low-profile trader has been circulating in the crypto community. Since 2020, he has accumulated over 300 million in profits on mainstream trading platforms. His experience is worth a look.

**What makes him different?**

This trader isn’t particularly mysterious; he simply understands how to play with the “spot” and “futures” tools. While most people either stubbornly hold onto spot or get liquidated on futures, he made money in both directions.

From 2020 to now, he has hit the right points at key moments—going all-in at 3800 during the 312 crash, calmly cashing out at 69,000, and gradually accumulating Bitcoin during the bear market. His swing trading in 2024 is even more aggressive, earning over 50 million just from futures, and several altcoins he’s been holding have multiplied tenfold.

**What is his trading logic?**

His approach is actually very simple and quite dull:

70% of his capital is placed in $BTC and $ETH spot as a “defense line,” aiming to survive long enough. The remaining 30% is used for swing trading in futures, which is the real source of explosive profits. It may sound unoriginal, but the difficulty lies in—he can really hold on. Holding a spot position for three years without selling requires strong mental resilience.

What’s even more impressive is his routine. While others chase highs, he’s sleeping; while others despair and cut losses, he’s watching the markets. It may sound like motivational talk, but the data shows: each time he buys the dip, he reduces high-position risk, and the long-term gains are exponential.

**How is the data broken down?**

Out of the 300 million profit:
- 210 million comes from spot holdings, accounting for 70%
- 80 million from futures swing trading and trading fees
- 10 million from airdrops and other small gains

Regarding key metrics, an annualized return of 217% sounds exaggerated, but in a bull-bear cycle, it’s achieved through compound interest over time plus proper risk management. Maximum drawdown is -34%, with a win rate of 68%—in simple terms, he’s lost money before, but he’s never been wiped out in a single blow.

**Classic moments**

The March 2020 crash was his first test. BTC plummeted from high levels down to 3800. While everyone was shouting “further decline,” he chose to go all-in. From 3800 to 69,000, that cycle yielded an 1800% return. It wasn’t leverage gambling; it was holding spot positions.

In May 2021, he was even more aggressive. Before the crash, he opened short positions; after the rebound, he reversed to long positions, making 87 million within 72 hours. This required a deep understanding of market cycles and extremely strong execution.

By mid-2023, when all altcoins were still rising, he had liquidated all his altcoin holdings at 31,000. Two months later, the market indeed crashed. His timely exit saved the profits he had accumulated over the past two years.

**Final thoughts**

He once said, “Money is made sitting, not trading.” The implication is that most losses aren’t due to poor analysis but because people can’t hold their positions. During bull markets, spot holders are the biggest winners; futures are just the icing on the cake. Being able to endure boredom and control trading frequency is something 99% of people in the crypto space can’t do.

The long-term value of $BTC has been fully proven. The key is how to participate—through reckless futures blow-ups or by leaving room and time for mistakes? This story provides an answer.