Smart Money Shifts from Solana to $17.9M 3x Long Ethereum Position on Hyperliquid
Main Idea
A smart money investor shifted from a Solana long position to a $17.9 million 3x leveraged long position in Ethereum, indicating a change in market sentiment towards ETH.
Key Points
1. A prominent investor liquidated their SOL long position on Hyperliquid.
2. The investor opened a 3x leveraged long position in ETH worth $17.9 million with an entry price of $3,743.
3. The liquidation threshold for the ETH position was set at $2,547.6.
4. The address has realized cumulative profits of $3.36 million on Hyperliquid, including $2.362 million in recent gains.
Description
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$SOL
$192.69
-3.25%
$ETH
$3639.70
-0.27%
$HYPE
$43.263
-0.81%
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