According to Odaily Planet Daily, on-chain analyst Yu Jin monitored that with the rebound of ETH prices, a swing trader bought ETH in the early hours of the morning in the East 8 Time Zone, 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 back for 86.12 million USDT, making a profit of $2.4 million.
In 2024, the trader conducted a total of 23 rounds of swing trading, accumulating a profit of $7.77 million, with 19 profitable trades and 4 losing trades.