On December 4th, COINOTAG News reported an intriguing development in the cryptocurrency market involving a significant Ethereum (ETH) whale. This individual executed a day trading strategy, liquidating a total of 11,257.7 ETH purchased just the day prior. The sell-off, which concluded approximately 20 minutes ago, converted the ETH holdings into a substantial 41.07 million USDT. The whale capitalized on market fluctuations, acquiring the tokens at an average price of $3,560 and subsequently selling them today at an average of $3,649, resulting in a net profit exceeding $1 million. This transaction marks the trader’s 19th swing trade, showcasing a remarkable track record of 15 successful trades against 4 losses, underscoring the potential profitability of strategic trading in the volatile crypto landscape.
Source: https://en.coinotag.com/breakingnews/eth-whale-capitalizes-on-day-trading-nets-1-million-profit-from-11257-7-eth-sale/