Swing trader loses $260K on Ethereum dip buy after rapid sell-off
A large swing trader who attempted to buy the Ethereum dip roughly one week ago has closed all positions at an estimated loss of $260,000, according to on-chain data. The investor, identified by wallet address 0x69b5, purchased ETH at an average price of $2,078.9 and sold at $2,024.7, realizing a loss on a position worth approximately $10 million.