Trading Strategy Shift Leads To Losses For Noted Trader

According to PANews, the renowned trader known as 'Swing Whale,' famous for achieving an 81% success rate in swing trading, has recently altered his trading strategy. Previously known for stable swing trading, the trader has shifted to high-frequency trading, frequently switching between long and short positions within a single day. However, this change in approach has not resulted in profits and has instead led to underperformance. As of now, 'Swing Whale' appears to have paused trading activities. On March 4, he invested 58.38 million USDT to purchase 679 WBTC at an average price of $85,964 and spent 8.8 million USDT to acquire 4,212 ETH at an average price of $2,090. Currently, these positions are experiencing an unrealized loss of approximately $2.74 million.