Trader Withdraws $13.58 Million in Ethereum from OKX After Profitable Swing Trade

An on-chain analyst reported that the trader moved nearly 6,900 ETH from the OKX exchange after netting $185,000 through short-term trading at around $2,000 per coin.

ETH

Summary

On March 8, an on-chain analyst observed that a trader withdrew 6,898.98 Ethereum (ETH) valued at approximately $13.58 million from OKX. The trader realized $185,000 in earnings from a three-day trading period, buying at $2,056 and selling near $2,083 before withdrawing when the price reached $1,968.58.

Terms & Concepts
  • On-chain analyst: A researcher who examines blockchain-based transaction data to identify patterns or large movements of cryptocurrency.
  • OKX: A global cryptocurrency exchange offering trading, staking, and derivatives services.
  • Ethereum (ETH): A blockchain platform supporting smart contracts (self-executing blockchain code) and decentralized applications.