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A well-known trader recently turned losses into gains over the past month, with a total profit of $2.08 million. This is indeed not easy for traders who have experienced a long period of hardship.
From the position structure, ETH remains the core asset. Currently holding 10,320 ETH, with an average price of $3,236, the total position market value is about $34 million, with an unrealized profit of approximately $650,000. This scale of holdings and cost structure indicate that their optimistic attitude towards Ethereum has remained unchanged.
Interestingly, this turnaround happened just as a bullish trend was gradually heating up. After experiencing a continuous loss cycle, a reversal has finally occurred. This also reflects that market sentiment is gradually improving, and many long-term traders are beginning to see hope. For the industry, such a turning point often signals the start of a new cycle.