According to Odaily Planet Daily, on-chain analyst Yu Jin monitored that as the ETH price rebounded, a swing trader bought ETH in the early hours of East Eight District time and then sold it after the price rose.
The trader bought 25,204.6 ETH with 82.34 million USDT and then sold it at a price of $3,417, exchanging back 86.12 million USDT, making a profit of $2.4 million.
In 2024, the trader conducted a total of 23 rounds of swing trading, with a cumulative profit of $7.77 million, including 19 profitable trades and 4 losing trades.