A skilled investor has earned millions of dollars trading ETH, demonstrating a perfect strategy since August. This analytical review reveals key points of their success.
Investor's Strategy
The investor acquired 10,083 ETH in less than 24 hours, spending over $26 million. Lookonchain data confirms that they carried out highly profitable swing trades with ETH starting from August 12, earning a total of $2.14 million. On September 26, they also purchased 7,500 ETH worth $19.3 million.
Trade Details
The investor began their series of successful trades on August 12, buying 9,844 ETH worth over $24.66 million. They sold a portion of the ETH three days later, making $40.7K in profit. They continued to use a strategy of buying and selling in short periods, capitalizing on price swings. For example, on September 2, they sold 4,818 ETH for $12.11 million and then bought and sold 5,094 ETH, earning $123.67K.
Activity of Major Players
According to Lookonchain, investors have started actively using the swing trading strategy with ETH. For instance, a wallet 0xc08B bought 11,529 ETH for $28.65 million and sold them for a profit of around $1.5 million. Other active addresses include 0xe0b532985a6b8bfe82a9d1f6f83373c75a7b3c71, 0x761df92194faa59ea31b828d1bd27ed95b257d20, and others.
The swing trading strategy with ETH has proven to be highly profitable for skilled investors capable of quickly reacting to market changes. The success of this trader highlights the potential of such operations, attracting the attention of major players.
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