Another on-chain smart money got wrecked in a swing trade😅

This major holder sold 2899 ETH between January 14-15 at an average price of $3325.38, and yesterday suddenly transferred all these coins to a major exchange, then immediately withdrew 8 million USDT. Clearly, this is a recognition of loss and stop-loss.

Roughly estimating based on the deposit price, the loss from this wave reached $371,000. Interestingly, this is not his first recent mishap—over the past month, this wallet address has had four swing trades with a record of 2 wins and 2 losses, with a total profit of $503,000.

It seems that even major players skilled in on-chain trading have to lower their heads in this market. Swing trading is indeed very challenging.