Featuring curated, consistently profitable traders from the Binance Leaderboard.

We'll reveal key stats and insights that distinguish top traders in this competitive arena.

Let's explore the trading elites! 💪

1️⃣ Top 3 Traders by PnL ($) - Overview#

February 2024 unveils its elite trio of trading maestros as follows:

🏆 1hzan

🥈 MetaWeb_Amos

🥉 Porkeepie

February marked an exceptional month for the cryptocurrency market, with Bitcoin (BTC) soaring by an impressive 48%, culminating in an increase of $18,600 per BTC and nudging ever closer to the much-anticipated all-time high (ATH). This bullish momentum paved the way for our elite traders to capitalize significantly, recording staggering gains that ranged between $900,000 and $3.6 million.

Leading the pack this month is 1hzan, a name synonymous with extraordinary success on CT for his remarkable trading prowess. In February alone, 1hzan managed to amass an astounding profit of $3.6 million, firmly establishing his top position. It's important to highlight that 1hzan's trading profile remained hidden until February 13th. Therefore, the impressive $3.6 million in profits attributed to him in our report are based solely on the trading positions he realized from that date forward.

Following closely in second place is MetaWeb_Amos, again making it into our monthly report. MetaWeb_Amos solidified his standing with profits of $1.06 million in February, building on his impressive January profits of $929,000.

Rounding out the top three is a fresh face to our leaderboard, Porkeepie, who made a notable entrance with a profit of $890,000.

This month's report is a testament to the exceptional opportunities that the current market conditions have afforded our top traders, setting a high bar for the months to come.

2️⃣ Top 3 Traders - Performance Metrics and Profiles#

Since February 13th, 1hzan has remarkably closed a total of 18 positions, showcasing an impressive Win Rate of 72.2%. His strategic prowess is further highlighted by a Profit Factor of 4.6 and an Average Profit-to-Drawdown ratio of 4.9, indicating his ability to generate substantial gains while efficiently managing risk. Notably, his average holding period for both winning and losing trades is almost 2 days.

MetaWeb_Amos stood out with the highest Win Rate among the trio at 86.4%, coupled with an even more impressive Profit Factor of 5.2. However, it's noteworthy that his Average Profit-to-DD ratio is the lowest among the three traders, at 1.37. This suggests that, on average, his winning trades earned 1.37 times the maximum drawdown experienced, a figure likely influenced by his longer average holding period of 15-16 days. This extended duration hints at a more patient trading strategy, potentially involving more substantial market movements or trends.

Porkeepie, executed 55 positions, making him the most active trader of the group. Despite a lower Win Rate of 47.3%, he achieved a remarkable Profit Factor of 16.2, indicating exceptional profit generation relative to losses. Among the top traders, Porkeepie had the shortest average holding period, though this statistic is somewhat skewed by a single, month-long successful position in Ethereum (ETH) that significantly contributed to his overall PnL and affected the average holding period calculation for his winning trades.

The figure below displays a bubble chart comparing the maximum notional value ($) and ROI (%) for each trader's positions. The size of each bubble indicates the contribution of that position to the trader's total realized PnL. For instance, one of Porkeepie's positions, as highlighted, had a maximum notional value of approximately $3.77mln, a 20% ROI, and contributed 73.7% to his total PnL.

This chart can help us gain insights into the position management and risk/return profiles of each trader.

1hzan executed a total of 18 positions with a notional range of $1 million to $20 million. His performance was characterized by a relatively balanced ROI spectrum, mostly spanning from -10% to +20%. Remarkably, one standout position with a notional of $2 million gained him a 100% ROI, significantly boosting his overall profitability. It's compelling to observe that his top three trades alone accounted for 71% of his entire PnL.

MetaWeb_Amos, on the other hand, preferred engaging with smaller notionals, typically under $1 million, yet his ROI exhibited a wider variation, ranging from -5% to 45%. A notable exception was a $4 million stake that delivered a 20% ROI, making up nearly 70% of his total PnL. This instance underscores the effectiveness of placing well-judged, high-conviction bets that can substantially contribute to a trader's success.

Porkeepie demonstrated a trading pattern akin to his peers, primarily dealing in positions below $1 million, with ROI oscillating between -5% and +10%. Yet, a singular position with a notional value of $3.8 million stood out, securing a 20% ROI and contributing to 73.7% of his overall PnL.

This pattern across all three traders emphasizes a recurring theme: the significant impact that a few well-sized positions can have on a trader's financial outcomes, underscoring the critical importance of strategic position sizing and the pursuit of high-conviction opportunities.

3️⃣ Trader Spotlight: 1hzan#

3.1. Notional exposure and PnL ($)#

Since February 13th, 1hzan has been able to realize profits close to $3.6 million. This remarkable feat was achieved through the closure of 18 positions across 11 different tokens.

Throughout the month, his average notional hovered just below $2 million, however, it was between February 22nd and 27th that 1hzan significantly increased his market exposure, elevating his average notional size to around $8 million.

This strategic adjustment proved to be immensely fruitful, as his PnL experienced a dramatic rise from approximately $500,000 to over $3 million during this short span.

The figure below displays, for each closed position, the PnL ($) by symbol traded and their holding period.

1hzan notably increased his bets on AI-related cryptocurrencies (WLD, RNDR, PHB) as news of the Sora release emerged, highlighting his fast response to market news and narratives.

The cumulative distribution function (CdF) of his PnL is positively skewed (skewness: 2.68), with a strong positive edge since lower percentiles:

• 25th percentile: W/L ratio of 2.51 ($13.3k vs $-5.3k)
• 75th percentile: W/L ratio of 10.00 ($222.6k vs $-22.1k)

3.2. Position Case Studies#

WLDUSDT - Betting on AI with the OpenAI Sora Launch#

Trade Info:

• Side: Long
• Trades executed: 778
• Max DD ($): $0k
• Final Pnl ($): $1.9M
• ROI (%): 100.0%
• Holding Period: ~6 days

Upon the announcement of Sora's release by OpenAI on February 15th, 1hzan quickly recognized the potential to capitalize on this development, scaling quickly his position to a notional value of approximately $2 million.

The subsequent market response was immediate and overwhelmingly positive, with no significant drawdown observed. The asset's price soared from $3.5 to $8 within a mere four days before it began to stabilize.

1hzan liquidated his position a few days later at around $7, securing a 100% ROI and netting profits of $1.9 million in just six days; this position alone contributed ~45.2% to his total PnL.

STRKUSDT - Listings and Airdrops#

Here the play on STRK was probably due to the Binance listing and announced airdrop. As it is possible to see from the picture, 1hzan entered the trade as soon as the token started trading on Binance perps sizing up to $2.2 mln.

However, unfortunately this bet did not played out as expected and he was immediately underwater finally closing the position after 4.5 days for a loss of $293k (-13% ROI); in this case, this was the largest loss for 1hzan with a contribution of 6.8% to his total PnL.

This particular loss stands out as an exception in 1hzan's trading record, as all other losing trades were closed within minutes, resulting in minimal losses. This pattern suggests that 1hzan employs a strategy focused on immediate market responses upon opening positions. By doing so, he avoids significant drawdowns, allowing him to maintain a portfolio predominantly composed of winning trades.

4️⃣ Trader Spotlight: MetaWeb_Amos#

4.1. Notional exposure and PnL ($)#

MetaWeb_Amos maintained an average holding period of two weeks for his positions, many of which were initiated in mid-January. This trading pattern, as highlighted in our previous analysis, indicates his strategy of relying on a few significant victories to drive the majority of his PnL. This approach was exemplified in February when a single BTC position accounted for 69.8% of his total PnL, translating to +$789k out of $1.06 mln.

Throughout February, MetaWeb_Amos exhibited a strong preference for long positions, only starting a few minor short positions towards the month's end.

His PnL trajectory was relatively flat at the start of February but saw a consistent upward trend towards the month's close, moving from nearly zero to $1 million without encountering significant drawdowns.

The figure below displays, for each closed position in February ‘24, the PnL ($) by symbol traded and their holding period.

MetaWeb_Amos achieved an impressive win rate of 86.4%, with only 3 losses out of 22 trades. Remarkably, these losses constituted a mere 2% of his total PnL, rendering them almost negligible.

The cumulative distribution function (CdF) of his PnL is positively skewed (skewness: 4.23), with a positive edge after the 50th percentile:

• 25th percentile: W/L ratio of 0.24 ($1.4k vs $-5.8k)
• 50th percentile: W/L ratio of 0.51 ($5.6k vs $-10.9k)
• 75th percentile: W/L ratio of 1.57 ($25.5k vs $-16.2k) 4.2. Position Case StudiesBTCUSDT - A Single Trade Accounting for 70% of Total PnL Opened Jan 10th ‘24 | Closed Feb 20th ‘24: MetaWeb_Amos initiated this position on the day the BTC spot ETF was approved with an initial notional of $1 million at approximately $45.5k per BTC. Following a near 15% price decline, he added to his position on the downturn, lowering his average entry price to $41.3k across a total investment of $4 million. At this point the position peak drawdown was about -$261k (-6.5%). The market dynamics shifted as outflows from the Grayscale Bitcoin Trust (GBTC) began to decrease, and inflows into other spot ETFs kept increasing, leading to a price recovery in BTC. These changes allowed MetaWeb_Amos's position to pivot into profitability. He liquidated half of his holdings around his initial entry of $45.5k and exited the remainder of his position in the $52k area, culminating in a final profit of $789k, or a 20% gain. This trade resulted in a Profit-to-Drawdown ratio of 3.0 and a contribution to total PnL of ~70% Below the details and position management of the trade: 5️⃣ Trader Spotlight: Porkeepie5.1. Notional exposure and PnL ($) In the month of February 2024, Porkeepie proved to be an exceptionally active trader, closing a total of 55 positions with an average holding period of approximately 2 days. His trading strategy was diverse, favoring long positions (89%) slightly over shorts (11%), and spanned across 34 different symbols, with notional values typically remaining below $1.0 million. Despite recording the lowest win rate among the traders featured in this report at 47.3%, Porkeepie stands out for his remarkable Profit Factor and Profit-to-DD ratios, which stood at 16.2 and 13.4 respectively. His ability to manage risk effectively is further underscored by a PnL curve that showcases an upward trajectory without significant drawdowns, ending the month with an impressive PnL of $892k. A notable aspect of Porkeepie’s trading success in February was a single ETH position, covered later in more depth, that was managed with exceptional skill, yielding a profit of $755k. This single trade contributed to 73.7% of his total PnL. The figure below displays, for each closed position in February ‘24, the PnL ($) by symbol traded and their holding period. Here, two points stand out:
  • Side: Long
  • Trades executed: 51
  • Max DD ($): -$261k
  • Final Pnl ($):$789k
  • ROI (%): 20.0%
  • Holding Period: ~41 days

1. Contrary to his short-term trading norm, Porkeepie managed the position in ETH from the end of January through to February's end.
2. The disparity in Porkeepie's PnL distribution is striking, with his maximum loss capped at $8k against a staggering maximum profit of $755k from the ETH position. The cumulative distribution function (CdF) of his PnL is positively skewed (skewness: 7.1), with a positive edge since lower percentiles:
   • 25th percentile: W/L ratio of 2.1 ($1.9k vs $-0.9k)
   • 75th percentile: W/L ratio of 2.4 ($7.7k vs $-3.2k)

5.2. Position Case Studies#

ETHUSDT - Excellence in Position Management Defined#

Opened Jan 26th ‘24 | Closed Feb 29th ‘24:

• Side: Long
• Trades executed: 125
• Max DD ($): $0k
• Final Pnl ($): +$754.7k
• ROI (%): +20.0%
• Holding Period: ~35 days

Porkeepie's handling of his ETH position stands as a quintessential example of exceptional position management. Demonstrating remarkable precision, he initiated the trade at the precise moment ETH reached its bottom in the $2,200 support area, starting with a notional of $300k on January 26th.

Capitalizing on Ethereum's subsequent surge of over 50%, he closed the position on February 29th, securing a profit of approximately $755k. This singular trade alone constituted 73.7% of his total PnL, showcasing not only his adept market timing but also his mastery in managing the position. Besides, this position was never in the red.

Throughout February, Porkeepie continuously scaled in and out, gradually expanding the trade's notional value to a peak of approximately $4 million.

This position management allowed him to incrementally lock in profits while adjusting his average entry price upwards from $2,200 to $3,300. The skillful balance of expanding his investment during downturns and securing gains on the uptrend underscores the sophisticated approach he took.

By managing to grow his initial $300k stake to $4 million, all while strategically adding to his position during dips and scaling back during rallies, Porkeepie exemplified the art of position management.

Below the details and position management of the trades executed:

6️⃣ Conclusion#

1. 1hzan's approach was marked by aggressive trading, with an average holding period of just 2 days, cutting losers fast and letting winners run, allowing him to amass $3.6 million in profits from February 13th onwards. His ability to escalate his account from $300k to nearly $10 million over the month, as showcased on his Twitter profile, speaks volumes about his risk-taking capacity and use of leverage.
2. MetaWeb_Amos capitalized on longer-term trades and a patient approach to drawdown management. His standout achievement was a significant bet on BTC, which constituted the bulk of his $1 million profit. This singular conviction trade underscores the importance of planning, patience and the willingness to endure market fluctuations.
3. Despite closing 55 positions in February, Porkeepie's standout trade was in Ethereum, yielding a profit of $755k from a total of $892k. This trade not only significantly contributed to his PnL but also highlighted his exceptional skill in position management, particularly in terms of scaling in and out to maximize gains and minimize risk.

Keep an eye out for our next report, where we will explore these trends and other developments in greater depth.

Stay connected for more insights in the upcoming month's edition.

Follow our highlight traders on Twitter:

1hzan https://twitter.com/ihzn7

MetaWeb_Amos https://twitter.com/MetaWeb_Amos

Porkeepie https://twitter.com/porkeepie

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