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A recent move by a seasoned Ethereum swing trader is worth paying attention to. Previously, when opening a long position on BTC in the futures market for the first time, he lost $3.8 million, but this institution then successfully turned around through multiple ETH swing trades, accumulating a profit of $96.67 million.
Recently, he did not stop there; instead, he continued to be optimistic about ETH. According to on-chain data, this whale, after stopping out and closing a position on a major DEX platform this morning, used the remaining 31.7 million USDC to buy 10,000 ETH through block trades.
Including his previous holdings, he now controls a total of 40,000 ETH, worth approximately $127 million. This sizable position reflects the institution’s bullish attitude towards ETH at current price levels. From lessons learned in BTC futures to consecutive profits in ETH swing trading, this trader has clearly found his rhythm—focusing on Ethereum and capturing volatility.