PANews reported on February 14th that, according to on-chain analyst @ai_9684xtpa, a whale (a large investor) lost money in 7 out of 8 swing trades. This address, 0x806…904aa, bought 2188.12 ETH (US$4.497 million) at a high price 10 hours ago during an ETH rebound, with a cost of US$2055.36. Over the past six months, this whale has made 8 swing trades, accumulating a loss of US$1.261 million, with a win rate of only 12.5%.

However, what might support him is the two successful ambushes between April and August last year: buying at $1548.24 and selling at $2371.98, and buying at $2406.75 and selling at $4300.36, making a profit of $6.399 million. With such a substantial profit margin, he has the confidence to back it up.