Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Su Zhu, Co-Founder of Defunct 3AC, Shows off His Crypto Trading Acumen

Su Zhu, Co-Founder of Defunct 3AC, Shows off His Crypto Trading Acumen

CoineditionCoinedition2024/09/24 16:00
By:Ebiseyei Badei
  • Su Zhu’s long ETH position reflects optimism, while shorts on POPCAT, TAO, and SUI show caution.
  • His trading strategy has led to over 61.5M OX in profits and a TVL above 92M OX.
  • Su Zhu’s TAO, ETH, and SUI positions yielded millions despite a minor TON/USD contract loss.

Su Zhu, co-founder of the now-defunct Three Arrows Capital (3AC), is drawing attention for his strategic approach to cryptocurrency trading. His most recent trading included both long and short positions across tokens, including Ethereum (ETH), POPCAT, TAO, and SUI, demonstrating a mix of bullish and bearish views.

Recent trades show Zhū taking a long position on Ethereum at an average price of $2,624.1, suggesting optimism on its price. However, he shorted POPCAT , TAO, and SUI at average prices of $1.0098, $566.52, and $1.7377, respectively. These short positions means he expects a potential decline on these tokens, in turn showing his cautious optimism when it comes to risk management.

Read also: Popcat (SOL) POPCAT Price Prediction 2024-2030: Will POPCAT Hit $5 Soon?

Battle Vault Comparison Highlights Performance

A “Battle Vault” comparison, where Zhū competed against another trader, KYLE, provides further details on his trading performance. Zhū Sù’s strategy generated a substantial profit of over 61.5 million OX and a total value locked (TVL) exceeding 92 million OX.

In contrast, KYLE’s bullish strategy resulted in a loss of almost 8 million, with a significantly lower TVL of 18.3 million OX. This comparison shows Zhū Sù’s ability to profit from market conditions, while KYLE’s approach appears less successful.

Zhū’s open positions further illustrate his calculated strategy. His long position in the TAO/USD perpetual contract shows a profit of over 12 million, while the ETH/USD position is up 13.2 million.

His SUI/USD contract has also generated a profit of 11.2 million. Other positions, such as POPCAT and OX, show modest gains. The only underperforming asset is the TON/USD perpetual contract, with a small loss of 223,984.

Overall, Zhū’s diversified strategy has led to significant profits, with his skillful management of long and short positions highlighting his adaptability in the volatile cryptocurrency market.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Tech giants bounce back after AI disruption, S&P 500 nears record high

Share link:In this post: Last week, the largest tech firms in the US experienced huge challenges from Chinese AI, DeepSeek. Apple and Meta reported positive results, boosting the S&P 500. The Magnificent Seven’s price-to-earnings ratio is now 31.

Cryptopolitan2025/02/02 19:22

OpenAI launches o3-Mini as it fights back against DeepSeek

Share link:In this post: OpenAI has launched its o3-Mini AI model to fight back against DeepSeek’s latest model. The company mentioned in its blog post that the o3-Mini is the most cost-efficient model in their reasoning series. DeepSeek’s breakthrough caused a $1 trillion tech selloff while putting pressure on AI chip makers.

Cryptopolitan2025/02/02 19:22