Details of the ETH Position by Mysterious Address Revealed
According to on-chain data analysis, a mysterious address starting with 0x806 recently acquired 2,188.12 ETH at an average price of $2,055.36, worth $4.5 million. This trade occurred during a rebound in ETH prices, indicating the address's bullish outlook on the market.
Trading Performance Over the Past Six Months Raises Concerns
Despite the significant scale of this position, data shows that the address achieved a win rate of only 12.5% across eight swing trades in the past six months, resulting in cumulative losses of $1.26 million. This suggests its trading strategy has struggled to adapt to recent market volatility.
Past Successful Trades Highlight Potential
Interestingly, this address previously captured two significant ETH rallies between April and August last year. The first trade involved buying at $1,548.24 and selling at $2,371.98, while the second purchase was at $2,406.75 and the sale at $4,300.36, generating profits of $6.39 million. These trades demonstrate the address's potential for strong returns in favorable market conditions.