𝐓𝐇𝐄𝐎 𝐃𝐎̃𝐈 𝐓𝐎𝐏 𝐓𝐑𝐀𝐃𝐄𝐑𝐒 𝐆𝐌𝐗

For traders, Nerd has a pretty useful “secret” to monitor the position and behavior of wallets on GMX. On the one hand you can have an overview of the market’s thinking (bullish/bearish bias), on the other hand you can easily “copytrade” traders with big win rates or profits. Nerd takes the example of Twitter account @𝑹𝒆𝒅𝒌𝒘𝒂𝒏𝒈 (𝑨𝒏𝒅𝒓𝒆𝒘 𝑲𝒂𝒏𝒈), a fairly large KOL in the market, currently the top trader on GMX with a total profit of over $3.2 million. Most recently, this account closed an ETH short at $1,891 (entry $1,988) with a gain of 246% ($367K). At the same time, this account also opened a long BTC position at $28,850 but is currently suffering a slight loss. You can see, if data mining in the “right” direction will be “profitable”. On the other hand, when you analyze onchain data on Nansen or some similar tools, you will encounter “barriers” to update real-time signals and limit features and data access. From there, you will find the data you “find” is meaningless, difficult to make decisions. Follow The Data Nerd to update more “secrets” of onchain data analysis

Source: Collector