legendary Eth Trader Who has once transformed $ 125,000 to more than $ 43 million has almost witnessed his wealth that fades yet The last decrease in Ethereum prices. According to the reports, the trader went to ETH during the last bull rally but was filtered, leaving his score at 771,000 dollars with a sharp recovery of prices from the highlands.
42 million dollars were wiped with Ethereum Trader Star Trader collision
In one of the most dramatic contraction in the last trading history, a legendary merchant witnessed a good reputation in transferring $ 125,000 to 43 million dollars just Destroyer. Blockchain Lookonchain Analysis platform Reports A merchant reopened a long site on Ethereum, just to be arrested in the latest price collision. The sharp correction has eliminated its influence, which led to a qualifying for $ 6.22 million and left his account with only $ 771,000.
Until recently, it was a trader Built A strong portfolio, benefit from the latter Ethereum price collects Through a series of positions of good timing. A few days ago, 66,749 ETH came out for a long amount of $ 303 million, with a profit of $ 6.86 million, which is equivalent to 55X on its first capital of $ 125,000. At the peak of its operation, its total property rights exceeded 43 million dollars, an increase of 344X as it started.
BreakHowever, almost all the trading progress. In just two days, Lookonchain reported that four months of the gains were erased, leaving him a small part of the place where he once stood. The decrease in its peak of $ 43 million confirms a much deeper collapse – which is approximately $ 42.2 million.
For a trader, who is close to withdrawing one of more Successful eth deals This year, the dramatic reflection is highlighted at ETHEREUM price The brutal fluctuation of the market. It also emphasizes the risks of holding excessive positions and the risk of failure to obtain gains while market prices were still climbing.
The analyst says that the decline of ETHEREUM is healthy
Ethereum price He witnessed a decrease of 10 % This week, which leads to a wave of liquidation and Wide sales on the market. However, analysts note that the decline of ETH may not be a reason for panic. Mark Newton, technical analyst and administrative director/international head of technology strategy at Fundstrat, male Ethereum is subject to what a Retreat.
In an email to Cio’s CIO and the head of the research, Thomas Lee, Newton highlighted that Eth is unified About $ 4,075 -4,150 dollars, which is seen as a favorable risk reward zone in the middle of the week. The technical analyst confirmed that the last low price of Ethereum is consistent with Elliott wave patterns It should not be explained as the end of the upscale ethereum momentum.
Instead, it is believed that after this brief correction, Ethereum can rise towards a New at all Near $ 5100. Based on this upscale thesis, the decline represents a temporary cooling stage instead of the beginning of the prolonged contraction.
Distinctive image from Istock, Chart from TradingView.com
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