đ„đ„100% Successful Ethereum Investor Crashed This Time: Lost for the First Time đ„đ„
As of Wednesday, September 18, an Ethereum (ETH) investor who traded with a 100% success rate experienced a loss for the first time.
According to information shared by on-chain analysis platform Lookonchain, the smart trader sold 5,690 ETH (a total of $13.1 million) at $2,304 each on Tuesday, September 17. Then, yesterday, before the Fed's interest rate decision was announced, he bought 5,660 Ethereum at $2,316 each. According to Lookonchain, the investor lost 30.8 ETH (approximately $71,400) in this transaction.
However, Bitcoin and Ethereum prices rose after the Fed announced the interest rate cut. According to CoinGecko, ETH started trading at $2,435, gaining 4.8% on a daily basis. Thus, the whale has moved into a profitable position again.
The trader has been actively trading since the beginning of this month. According to Lookonchain, the investor managed to increase 4,821 ETH to 5,690 ETH in just 15 days with the swing trade strategy and earned $2 million.
What is Swing Trade?
In the cryptocurrency world, such successful transactions lead to more monitoring of notable investors and strategies. This example shows how profitable swing trading can be when implemented correctly.
Swing trading is a trading strategy that aims to take advantage of short- and medium-term price fluctuations in financial markets. Investors usually hold their assets for periods ranging from a few days to a few weeks, trying to catch the moments when prices will peak or bottom. This strategy allows investors to benefit from temporary increases or decreases in price movements.
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