Smart Money Shifts to 25x ETH Short Position Worth $1.9M Amid $34M Hyperliquid Profits
Main Idea
Smart money shifted to a 25x Ethereum short position worth $1.9 million, signaling a bearish outlook amid volatile crypto markets, alongside large Bitcoin and Solana shorts, which have yielded over $34 million in profits.
Key Points
1. Smart money holds a 25x ETH short position valued at $1.9 million at an average entry price of $3,803.
2. The same address also holds a 40x Bitcoin short position worth $15.73 million and a 20x Solana short position worth $11.05 million.
3. This diversified short strategy indicates anticipation of a broad market downturn.
4. The strategy has generated over $34 million in profits on Hyperliquid.
5. High-leverage shorts like 25x can amplify market volatility and require careful risk management.
Description
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