ETH Smart Money Faces Losses as Winning Rate Drops to 83% Amidst Recent Market Movements

Recent insights from COINOTAG indicate that, as of October 14, a notable trend among institutional investors is emerging. On September 29, an investor identified as “smart money,” who had previously acquired 4,969 ETH at an average price of $2,660, is now facing significant losses. In a rapid series of trades, approximately 4,973 aEthWETH (valued at $12.53 million) were liquidated at an average price of $2,520. This move has resulted in cumulative losses reaching $696,000, marking a sharp decline in the winning rate for this investor from 91% to 83%. As it stands, the smart money has secured 10 victories out of 12 trades, underscoring the volatile nature of the cryptocurrency market and the challenges even seasoned investors face in maintaining profitability amidst fluctuating prices.