Read me new piece on @optimistfi, a news desk built entirely around perps...
In 2018, Korean trader Wonyotti deposited 14.5 BTC on BitMEX. Four years later: 3,537 BTC of realized profit. I rebuilt all 1.44M fills from the released ledger. The record breaks into six setups. I coded the rule-based ones and replayed them through 2026 on @verantaxyz 's backtest engine.
None work today, and each died differently: maker rebates vanished, pros took over the book, leverage fell from 3.4x to 0.6x. It reads like a seismograph of crypto growing up.
Read it: optimistfi.com/perps/news/th… Thanks @optimistfi for running it. If you trade perps, follow them.