Copper Price Surge Boosts Trader's Profits to $2.2 Million

A prominent trader has seen their account profits increase to $2.2 million due to rising copper prices. According to ChainCatcher, the trader's total holdings have reached $49.2 million, with significant gains from copper futures contracts. The account's profits grew by approximately $1.1 million compared to the previous day. Key positions include a $21.12 million stake in the Nasdaq 100 index, with an average price of $25,443.47 and a liquidation price of $23,421, resulting in a profit of around $530,000 (20%). The copper futures mapping contract holds a position of approximately $18.97 million, with an average price of $5.91 and a liquidation price of $5.5, yielding a profit of about $1.22 million (44%). Other holdings include a $2.87 million position in Palantir Technologies, with an average price of $165.47 and a liquidation price of $152, resulting in a loss of approximately $2.36 million (-138%). Additionally, there is a $2.66 million position in Micron Technology, with an average price of $343 and a liquidation price of $325, generating a profit of around $600,000 (74%). The trader focuses on U.S. stocks and on-chain precious metals, having previously been the largest long position holder in on-chain gold. They have since closed their gold positions and shifted their strategy to concentrate on the Nasdaq index and copper prices, with nearly $40 million invested in these areas.