A prominent whale trader, known for their 85% win rate in the ETH band, has suffered a significant loss in their latest transaction. According to on-chain analyst @ai_9684xtpa, the trader sold 13,453 WETH, valued at $45.99 million, resulting in a loss of $1.17 million.
Transaction Details
The whale trader had opened the position on December 20 at an average price of $3,419.64. The cost of this part of ETH was $3,506, indicating a loss in the 21st round of the band. This loss has brought the trader’s overall winning rate down to 81%, with 17 wins in 21 games.
Impact on Total Profit
The loss has also affected the trader’s total profit, which has dropped to $4.53 million. This development highlights the risks and uncertainties involved in cryptocurrency trading, even for experienced and successful traders.
Note
This report is for informational purposes only and does not constitute investment advice.
Source: Panewslab.com
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