According to Lookonchain, trader 0x2258 successfully earned $5.6 million in just three days by strategically taking the opposite positions of prominent trader James Wynn. On May 24, while James Wynn went long on Bitcoin (BTC), 0x2258 initiated significant short positions on both BTC and Ethereum (ETH). This contrarian trading approach, closely tracking and countering Wynn’s position shifts, enabled 0x2258 to capitalize on short-term price movements and volatility in the crypto market. The event underscores the importance of monitoring major traders' moves and highlights profitable opportunities in countertrend strategies for active crypto traders (Source: Lookonchain, Twitter, May 27, 2025).