Smart Money Shifts to Massive 25x ETH Long Position Amid Bitcoin 40x Long Holdings
Main Idea
Smart money has shifted to a 25x ETH long position worth $3.61 million and a 40x Bitcoin long position worth $1.8 million, indicating strong bullish sentiment in the market.
Key Points
1. Smart money holds a 40x Bitcoin long position valued at $1.8 million.
2. A 25x ETH long position worth $3.61 million was established, reflecting confidence in Ethereum's growth.
3. On July 30th, the same address switched ETH longs to shorts at an entry price of $3,803, indicating tactical adjustments.
4. The smart money address has accumulated nearly $36 million in profits on Hyperliquid, showcasing effective trading strategies.
5. High-leverage positions like 25x ETH and 40x Bitcoin carry higher risk but can maximize gains for skilled traders.
Description
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