Smart money recently purchased 2,172 ETH with a total value of approximately 7.46 million USD after successfully profiting from the bottom-fishing strategies on Bitcoin and Ethereum earlier.
This smart investor has earned a total profit of 10.43 million USD through BTC, WBTC, and ETH trades, demonstrating profound expertise in capitalizing on cryptocurrency market volatility.
MAIN CONTENT
Smart money bought 2,172 ETH at an average price of 3,437 USD/ETH.
Earned 7.41 million USD by bottom-fishing Bitcoin and WBTC.
Additionally gained 3.02 million USD from the bottom-fishing strategy on Ethereum.
Who are the “smart money” and what trades have they made recently?
Ai Yi, an informed and recognized investor in the cryptocurrency community, bought 2,172 ETH for a total value of 7.46 million USD, averaging 3,437 USD per ETH, just 7 hours after the transaction was recorded.
Previously, Ai Yi made significant profits by shorting Bitcoin during the collapse of LUNA/UST, demonstrating market analysis skills and the ability to choose the right timing to enhance the investment portfolio.
Why is Ai Yi's bottom-fishing of Bitcoin and Ethereum highly regarded?
Thanks to the accurate “bottom-fishing” strategy, Ai Yi has earned 7.41 million USD from BTC and WBTC trades, along with 3.02 million USD from ETH. This is clear evidence of this investor's experience and sharpness in risk management and technical analysis.
“We believe that choosing the right time and focusing on assets with strong fundamentals will create long-term value for the investment portfolio.”
Ai Yi, Cryptocurrency investor, 18/07/2024
How does Ai Yi's trading strategy contribute to this success?
By executing bottom-fishing trades on BTC, WBTC, and ETH, Ai Yi not only capitalized on the market's volatility but also possessed extensive knowledge of On-chain and historical price data analysis. This data helps identify reasonable buying points and optimize investment performance.
Specific examples of profits from bottom-fishing trades
Asset Profit (million USD) Trading Method Execution Time Bitcoin (BTC and WBTC) 7.41 Bottom-fishing, shorting when LUNA/UST collapsed First half of 2024 Ethereum (ETH) 3.02 Bottom-fishing ETH, buying at an average price of 3,437 USD/ETH 18/07/2024
Frequently Asked Questions
Who is Ai Yi in the cryptocurrency market?
Ai Yi is an experienced investor, an On-chain analysis expert, known for smart trading strategies and success during major market fluctuations.
What is the “bottom-fishing” strategy and why is it effective?
Bottom-fishing is a technique of buying when prices drop significantly to take advantage of a rebound in demand. This technique requires experience in technical analysis and accurate market psychology to minimize risk.
What does the profit from buying ETH at 3,437 USD mean?
This average price is much lower than during peak periods, creating potential growth opportunities as the cryptocurrency market recovers.
Why did shorting Bitcoin during the LUNA/UST collapse yield large profits?
The LUNA/UST event, which shocked the market, caused Bitcoin prices to drop significantly. Shorting at the right time means making profits when prices fall, demonstrating a flexible strategy and market understanding.
What factors contribute to Ai Yi's successful trading strategy?
Extensive experience, On-chain data analysis, monitoring market psychology, and choosing the right timing help Ai Yi maximize profits and manage risks effectively.
Source: https://tintucbitcoin.com/ca-voi-thong-minh-gom-2-172-eth/
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