The smart money that successfully switched from ETH long to short on the 30th has now flipped its Bitcoin short position to long and opened new ETH long positions
According to Jinse Finance, on-chain data shows that a smart money address switched its Bitcoin short position to a long position today and also opened a long position in ETH. As of press time, this address holds a $3.61 million ETH long position with 25x leverage and a $1.8 million Bitcoin long position with 40x leverage. Previously, on July 30, this smart money address switched its ETH long position to a short position at an average entry price of $3,803. The address has accumulated nearly $36 million in profits on Hyperliquid.
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