Bear Market Ethereum (ETH) Trade Leads to $132 Million Profit for Savvy Trader: Details

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A cryptocurrency trader has made headlines by securing a profit of $131.72 million through a strategic investment in Ether .

“This is a smart diamond hand, buying $ETH in the bear market and selling $ETH in the bull market, making $131.72M!”a purchase of 96,639 ETH from Coinbase between September 3 and 4, 2022, when the asset was trading at approximately $1,567. For two years, they held onto their holdings despite major market fluctuations. This approach proved very profitable, as the asset’s value recovered in the subsequent years.

 

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