PANews, February 16: According to on-chain analyst Ai Yi, the address 0x806…904aa sold all its ETH purchased earlier at $2,055.36, clearing the position at $1,977.31, resulting in a further loss of $171,000. Over the past six months, this address has made nine trading attempts, with only one profitable trade, reducing its win rate to 11.1% and accumulating a total loss of $1.432 million.
Address sells ETH at $1,977.31, incurs a $171,000 loss in latest trade
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Summary
A blockchain analyst reported that the address 0x806…904aa sold ETH purchased at $2,055.36 in early February for $1,977.31, incurring a $171,000 loss. Over six months, the address executed nine swing trades, with only one profitable, resulting in a total loss of $1.432 million. These trades underscore the risks of not employing a stop-loss strategy. Investors are increasingly turning to value investing in crypto to avoid similar outcomes.
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