Cryptocurrency Market Sees Recovery Amid Positive News

According to BlockBeats On-chain Detection, recent favorable developments have led to a market recovery, with a trader known as 'Calm Order King' achieving significant gains. Since November 5, the trader has amassed a floating profit of $6.7 million, representing a 185% increase, with a total position of approximately $72.7 million. As of the latest update, these positions remain open. The trader's main holdings include: - Ethereum (ETH) long position: Floating profit of $2.87 million (297%), average price of $3,431, with a position size of around $24.16 million. - Bitcoin (BTC) long position: Floating profit of $1.09 million (95%), average price of $103,500, with a position size of approximately $22.88 million. - Solana (SOL) long position: Floating profit of $1.67 million (157%), average price of $153, with a position size of about $21.25 million. - Uniswap (UNI) long position: Floating profit of $1.07 million (240%), average price of $5.02, with a position size of around $4.45 million. Over the past two months, the trader has turned an initial capital of $3 million into over $28 million, demonstrating a keen ability to anticipate market trends and achieving multiple profits exceeding $4 million. This has garnered significant attention from the on-chain swing trading community. BlockBeats advises investors to exercise caution, as recent volatility in the cryptocurrency market has intensified, emphasizing the importance of risk management.