Smart Wallet Cuts 25x ETH Long by 2,368 Tokens Amid $1.15M Hyperliquid Profit
Main Idea
A smart wallet reduced its 25x leveraged ETH long position by 2,368.85 tokens, maintaining significant Bitcoin longs and Solana shorts, and secured a $1.15 million profit on Hyperliquid.
Key Points
1. The smart wallet reduced its 25x leveraged ETH long position by 2,368.85 tokens, leaving a minimal ETH long exposure worth $388.4.
2. It holds a 40x Bitcoin long position valued at $14.925 million and a 20x Solana short position worth $4.84 million.
3. The wallet profited approximately $1.15 million on Hyperliquid during the past week.
4. The reduction in the ETH long position likely reflects a strategic risk management move.
5. The wallet's multi-asset strategy includes leveraged positions in ETH, BTC, and SOL to balance risk and profit.
Description
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