A prominent smart money trader has placed aggressive long positions on Bitcoin and Ethereum, reflecting strong confidence in both cryptocurrencies. The positions include a $1.8 million Bitcoin long with 40x leverage alongside a $3.61 million Ethereum long leveraging 25x, indicating conviction in near-term price appreciation.
The Ethereum position highlights trader optimism in ETH’s growth trajectory, while the Bitcoin position demonstrates significant exposure to the flagship cryptocurrency. These high-stakes trades occurred on Hyperliquid, where the same address previously demonstrated tactical skill by switching from long to short positions on Ethereum at a $3,803 entry point during recent market movements.
Notably, the trader has amassed nearly $36 million in lifetime profits on Hyperliquid, showcasing consistent strategic proficiency. While 40x and 25x leveraged trades entail substantial risk due to heightened volatility sensitivity, such positions can yield amplified returns for experienced traders successfully navigating market swings.
The coordinated long positioning on both assets suggests institutional players may be anticipating broad bullish momentum across major cryptocurrencies despite inherent market risks associated with high-leverage exposure.