On-chain data shows that a certain ETH swing trader sold 2,287 ETH in a single transaction 9 hours ago, with a transaction amount of 6.32 million USD and an average selling price of 2,766.38 USD.
This batch of coins was acquired a week ago at $2781.28. During this period, ETH once surged, and the paper profit reached $703,000, but this large holder never pressed the take profit button. By the time they finally acted, the coin price had already retreated—ultimately netting only $33,000 in profit.
From 700,000 to 30,000, the psychological game in between may be more exciting than the numbers on the balance sheet. The hardest part of swing trading has never been judging the direction, but rather when to call it quits.
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700,000 unrealized gains shrink to 30,000, a Large Investor's take profit dilemma in ETH swing trading.
[Bitu] Another story that couldn't be held on to.
On-chain data shows that a certain ETH swing trader sold 2,287 ETH in a single transaction 9 hours ago, with a transaction amount of 6.32 million USD and an average selling price of 2,766.38 USD.
This batch of coins was acquired a week ago at $2781.28. During this period, ETH once surged, and the paper profit reached $703,000, but this large holder never pressed the take profit button. By the time they finally acted, the coin price had already retreated—ultimately netting only $33,000 in profit.
From 700,000 to 30,000, the psychological game in between may be more exciting than the numbers on the balance sheet. The hardest part of swing trading has never been judging the direction, but rather when to call it quits.