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 hours of UTC+8 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 it for 86.12 million USDT, making a profit of 2.4 million dollars.
In 2024, the trader conducted a total of 23 rounds of swing trading, with a cumulative profit of 7.77 million dollars, of which 19 trades were profitable and 4 were losses.