In the first four trades, he made 1.05 million. For the fifth one, he started by losing 1%.
Around 15:56 today, an ETH swing-trading veteran bought 1,650 ETH for about $2,417 each, totaling roughly $4 million. Since July, this address has completed 4 ETH swing trades, with cumulative profits of about $1.05 million.
But this one has just started: the current ETH price is around 2,393, already about 1% below his cost, which translates to an unrealized loss of roughly $40,000 based on the current price. I don’t think he got a bargain from the entry point—not waiting below for a pullback, but buying so his cost is positioned above the current price first.
I think the market will most likely treat this as a bullish signal of a “high-win-rate trader adding to the position.” But win rate is in the past, while position sizing is now. History can’t make this trade’s unrealized loss disappear. If ETH falls further, he still has to recognize the loss.
Around 15:56 today, an ETH swing-trading veteran bought 1,650 ETH for about $2,417 each, totaling roughly $4 million. Since July, this address has completed 4 ETH swing trades, with cumulative profits of about $1.05 million.
But this one has just started: the current ETH price is around 2,393, already about 1% below his cost, which translates to an unrealized loss of roughly $40,000 based on the current price. I don’t think he got a bargain from the entry point—not waiting below for a pullback, but buying so his cost is positioned above the current price first.
I think the market will most likely treat this as a bullish signal of a “high-win-rate trader adding to the position.” But win rate is in the past, while position sizing is now. History can’t make this trade’s unrealized loss disappear. If ETH falls further, he still has to recognize the loss.