Recently, a remarkably clever swing trading operation has appeared in the crypto trading data. A major holder or institution successfully earned approximately $98.18 million in profit within just one week through high selling and low buying.

Specifically, the logic behind this operation is very clear. Four days ago, they sold 10,000 ETH at a high price of $3,321 per ETH. Subsequently, ETH dropped as expected, creating a perfect buying opportunity. Over the past two days, this trader used OTC trading channels Wintermute and FalconX to make large purchases of 50,013 ETH, totaling up to $148 million, with an average cost basis lowered to $2,966.

Selling at $3,321 and buying back at $2,966, although the difference is only $355, the combination of large trading volume and precise timing made the profit quite substantial. This behavior also reflects the strategic thinking of professional traders and institutions in large position management—timing and execution often determine gains in swing markets.