The cryptocurrency whale AguilaTrades just closed a long position with a profit of up to 11.3 million USD just after 2 days of trading.
According to the supervision of on-chain expert Yu Jin, AguilaTrades turned the initial 4.6 million USD into 15.9 million USD in a position lasting 48 hours, demonstrating the excellent trading skills of this whale.
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Whale AguilaTrades closed its long position after 2 days.
Turning 4.6 million USD into 15.9 million USD.
Profit reached 11.3 million USD.
When did and how did the cryptocurrency whale AguilaTrades close its long position?
According to live analysis from on-chain expert Yu Jin on August 9, AguilaTrades closed the long position about 10 minutes prior, ending a long trading cycle of 2 days. This position closure is confirmed through accurate, transparent, and reliable on-chain data.
Monitoring the position fluctuations of whales helps assess short-term trends in the cryptocurrency market and reflects the risk management skills of large investors. AguilaTrades demonstrates the ability to capitalize on market fluctuations to earn significant profits.
How much money did AguilaTrades make from this trade and what does that figure mean?
Starting with an investment of 4.6 million USD for the long position, AguilaTrades has earned a total of 15.9 million USD after 2 days. This means a net profit of 11.3 million USD – an impressive figure in the volatile cryptocurrency market.
Large profits in a short time reflect an effective trading strategy, sharp technical analysis, and capturing market sentiment of whales. This also demonstrates the liquidity and high profitability potential from short-term positions in the cryptocurrency environment.
The success of AguilaTrades proves that a deep understanding of market fluctuations and position management skills are key factors in optimizing profits in cryptocurrency.
Yu Jin, On-chain Expert, 09/08/2024
What does monitoring the actions of cryptocurrency whales mean for investors?
Monitoring whale activities like AguilaTrades helps investors recognize market change signals, allowing for more accurate investment decisions. On-chain data provides transparency and helps assess market sentiment in real time.
Professional investors often rely on whale behavior to predict the upward or downward trends of cryptocurrency assets, creating a competitive advantage in this volatile and risky market.
What are the important criteria when analyzing the positions of whales in cryptocurrency?
When considering the position of whales, experts focus on the holding time, realized profit levels, and the initial investment size. These factors help evaluate the influence of whales on the overall market trend.
Modern on-chain tools combined with transaction data analysis help investors gain deeper insights into market sentiment and identify optimal entry and exit points based on whale actions.
Frequently Asked Questions
What is a cryptocurrency whale?
A whale is an investor holding a large amount of cryptocurrency assets, significantly influencing the market due to large capital size and strong trading.
What does a long position mean in cryptocurrency?
A long position is a bet that the asset's price will rise, allowing the investor to profit when the price increases during the holding period.
How does on-chain data help in cryptocurrency investment?
On-chain data provides transparent transaction information, supporting user behavior analysis and accurately predicting market trends.
Is a profit of 11.3 million USD in 2 days considered high?
This is a large profit, reflecting an effective trading strategy and the whale's ability to quickly capitalize on market trends.
What are the risks of following whale actions?
Large fluctuations from whales can destabilize the market; investors need to be cautious and incorporate multi-dimensional analysis to reduce risk.
Source: https://tintucbitcoin.com/aguilatrades-ban-sach-vi-the-ca-voi/
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