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.