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Trader makes $2 million in 15 days through six perfect Ethereum swing trades.
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Achieves a flawless 100% win rate, capitalizing on market fluctuations for huge gains.
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Crypto millionaire James Fickel loses $43 million on a high-stakes 18,000 ETH bet.
A standout crypto story has been highlighted in the world of swing trading, showcasing a savvy trader’s impressive success with Ethereum (ETH). Lookonchain, a leading blockchain analytics platform tweeted that a smart trader executed six perfect swing trades with Ethereum (ETH) making an overall profit of $2 million in just 15 day, with an impressive 100% win rate. You won’t believe how this trading wizard turned a huge profit so quickly!
$2 Million Profit in Just 15 Days
According to Lookonchain, a savvy trader made significant gains by turning Ethereum into a massive profit in just 15 days. Starting on September 2 with 4,821 ETH, the trader successfully grew their holdings to 5,690 ETH.
This smart trader is excellent at swing trading $ETH, having traded $ETH 6 times since Sept 2 with a 100% win rate!
— Lookonchain (@lookonchain) September 17, 2024
In just 15 days, he turned 4,821 $ETH into 5,690 $ETH, making a profit of 869 $ETH ($2M)!
Address:
0xe0b532985a6b8bfe82a9d1f6f83373c75a7b3c71 pic.twitter.com/XemVO7Z7YE
This increase of 869 ETH, valued at approximately $2 million at current prices, was achieved through six successful swing trades, maintaining a perfect 100% winning rate.
By carefully choosing the right moments to buy and sell, the trader significantly increased their holdings. This impressive success showcases their ability to capitalize on market fluctuations and secure substantial gains in such a short time.
Trader Massive Loss of $43 Million
While some traders make huge profits, others face big losses when things don’t go as planned. On Sept. 14, Lookonchain, reported that Crypto millionaire James Fickel placed a high-stakes bet involving 18,000 ETH, worth $43 million.
James Fickel(@jamesfickel) lost ~18,000 $ETH($43.7M) by going long the BTC/ETH trading pair!
— Lookonchain (@lookonchain) September 14, 2024
From Jan 10 to July 1, he borrowed 3,061 $WBTC(172M) from #Aave and exchanged it for 56,445 $ETH at a rate of 0.05424.
Since Aug 7, he spent 12M $USDC to buy 211 $WBTC and exchanged… pic.twitter.com/9DgLjisPgp
However, the bet did not go as planned, resulting in a huge financial setback for the trader. This loss added significantly to his overall debt, which now stands at $132 million.
While the crypto market offers opportunities for massive gains, it can also lead to serious financial consequences when bets or trades don’t work out as expected, as seen in Fickel’s case.