ETH swing trader loses $1.48M over three months starting with $4.38M in capital.

A trader identified on-chain as 0x8062 began swing trading ETH on February 2 with 4.38 million USDT. Three months later, after closing out remaining ETH holdings, the wallet was left with just 3.4 million USDT — a loss of 1.48 million USDT, roughly 34% of the starting stack.

The case is a pointed reminder of how difficult active swing trading is even in a liquid, well-tracked market like ETH. Timing entries and exits across a volatile three-month window eroded more than a third of a multi-million dollar position despite the trader's sustained effort.