According to on-chain data, a prominent swing trader who bought Ethereum (ETH) at low prices about a week ago has liquidated all held positions and cut losses.

On-chain analysis reveals that the investor (wallet address starting with 0x69b5) had established a position worth approximately $10 million. However, after purchasing ETH at an average price of $2,078.9 and selling it at $2,024.7, the trader is estimated to have ultimately recorded a loss of around $260,000.