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A Whale made over 3 million dollars in profit from a swing trade of 30,000 ETH over 4 days.
According to Gate News bot, on-chain analyst Yu Jin monitored that a Whale/institution sold 30,000 ETH through Wintermute OTC 4 days ago and bought back the same 30,000 ETH 6 hours ago, performing a swing trading on ETH and earning 3.24 million USD. The specific operations are as follows:
◎5/22 They sold 30,000 ETH through Wintermute OTC, making a profit of 23.73 million USD (+43%), with a selling price of 2,621 USD;
◎Today, they repurchased 30,000 ETH for 75.39 million USDC through Wintermute, at an average price of $2,513. The repurchase price is $108 cheaper than the price they sold it for a few days ago, resulting in a profit of $3.24 million.