On the first day of the new year, all 12 positions closed with a profit of $2.85 million. What makes this trader so formidable?

Trader 0xea66 made full profits on the first day of 2026, currently holding an unrealized profit of $2.85 million, with all 12 positions in the green. Such performance is uncommon in the market, especially achieving full-position profitability on the very first day. What market signals does this reflect?

The Logic Behind Full Profits on the First Day

Market Environment Divergence Signals

From January 1 to January 2, fund flows show a clear divergence:

This divergence indicates that although Bitcoin ETFs face capital outflows, assets like Ethereum and Solana continue to attract incremental funds. 0xea66’s 12 positions all being profitable likely reflects a strategy aligned with the market’s divergence—favoring assets with capital support.

Contradictions in Institutional Positioning

Interestingly, during the same period that 0xea66 was going long, the market saw the opposite actions:

BlackRock continued selling Bitcoin and Ethereum at the start of 2026, depositing 1,134 BTC (worth about $101.4 million) and 7,255 ETH (worth about $22.1 million) into Binance. This seemingly contradicts retail traders’ bullish trend but actually reveals strategic differences among participants—large institutions cashing out at high levels, while small and medium traders are accumulating at the bottom.

Contrasting BlackRock’s selling, institutions like Bitmine have been actively accumulating at lower levels. On-chain data shows Bitmine has spent $1.368 billion over the past four days, staking a total of 460,000 ETH. This “smart money” bottom-positioning provides confirmation signals for traders like 0xea66 about market lows.

On-Chain Data Supporting Bottom Characteristics

Related analysis indicates that Bitcoin’s current valuation is 17% below its long-term fair value. Such undervaluation has only occurred four times in history, with subsequent six-month gains averaging over 40%. This on-chain data supports a fundamental basis for full-scale bullish positioning.

What Does This Case Illustrate?

First, 0xea66’s success is not luck. Against the backdrop of resilient Bitcoin and Ethereum prices (Bitcoin up 1.78% to $89,412.80, Ethereum up 2.25% to $3,048.61), traders who positioned at the bottom have quickly realized gains.

Second, it reflects a stratified market. Large institutions are cashing out at high levels, small traders are accumulating at lows, and the market has found a balance amid this game. The fact that all 12 of 0xea66’s positions are profitable indicates his chosen direction is supported by market consensus.

Third, this first-day operation pattern suggests the market may have recovered from year-end panic, with participants actively seeking bottom opportunities. Latest news shows open interest in futures surged by 7% in 24 hours, indicating short-term bulls are quietly positioning—highly aligned with 0xea66’s timing.

Summary

The case of trader 0xea66 achieving full profits of $2.85 million on the first day of 12 positions reflects not only individual trading success but also changes in the market environment. When institutions are selling at high levels, on-chain data shows bottom characteristics, and ETF funds start flowing into specific assets, traders who keenly capture these signals can quickly realize gains. This underscores that in the crypto market, the key is to identify points of market divergence rather than blindly follow the crowd.