$ETH
The 'Sad Story' of the Ethereum Swing Trader!
Cutting losses, a million in the hole!
The swing trader waited for ten days but did not see the dawn of rising Ethereum prices. Ultimately, in the past hour and a half, he chose to cut losses.
On December 20, he splurged 50.31 million USDT during a downturn, purchasing 14,369.9 ETH at an average price of $3,501, trying to seize the rebound opportunity. However, contrary to his expectations, ETH prices remained sluggish, hovering below his cost line.
In desperation, he sold 13,456.1 ETH at a price of $3,420, receiving 46.05 million USDT back, resulting in a paper loss of 1.02 million. As of now, he has sold most of the ETH purchased on December 20, with only 912 ETH (worth 3.11 million dollars) remaining unsold at the address 0x2c8...d86.
Related addresses: 0x6c2a355929ee1262305e385ad49b84fe5f5a4777
0x2c89a2ee92b9870f55989b4132a58c0e85222d86
With this round of operations, he came with excitement but returned disappointed. The market is ruthless, and the risks of swing trading are once again highlighted. What will the future price trend of Ethereum be?
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