According to Odaily Planet Daily, on-chain analyst Yu Jin monitored that as the price of ETH rebounded, a swing trader bought ETH in the early morning of Eastern Time Zone 8, and then sold it after the price rose.
The trader used 82.34 million USDT to buy 25,204.6 ETH, and then sold it at $3,417 in exchange for 86.12 million USDT, making a profit of $2.4 million.
In 2024, the trader conducted 23 rounds of swing trading, with a total profit of US$7.77 million, including 19 profitable and 4 losses.