Smart Money Slashes ETH Long Positions by 25x, Retains $71M Holdings Amid $4.76M Floating Profit
The post Smart Money Slashes ETH Long Positions by 25x, Retains $71M Holdings Amid $4.76M Floating Profit appeared on BitcoinEthereumNews.com. Smart money reduced its Ethereum (ETH) long positions by 25 times in under an hour on July 28, selling 6,913 ETH worth over $21 million while still holding $71 million in long positions with a $4.76 million floating profit. ETH long positions decreased sharply by 6,913 coins in less than 60 minutes. The smart money address retains $71.33 million in ETH longs and holds additional HYPE and PUMP long orders. Profits include $2.94 million earned in 24 hours and a total cumulative gain of $23.47 million. Smart money slashes ETH long positions by 25x in an hour, maintaining $71M holdings and $4.76M floating profit. Stay updated with COINOTAG’s latest crypto insights. What Caused the Sharp Reduction in ETH Long Positions by Smart Money? On July 28, smart money dramatically cut its Ethereum long positions by 25 times within an hour, selling 6,913.12 ETH valued at approximately $21 million. This swift move reflects cautious positioning amid market volatility. Despite the reduction, the address still holds substantial ETH longs worth $71.33 million, indicating confidence in medium-term market prospects. How Does This Reduction Impact the Ethereum Market and Smart Money Strategy? The reduction signals a strategic risk management approach by experienced traders. Holding additional long orders in tokens like HYPE and PUMP diversifies exposure. The address’s floating profit of $4.76 million and a 24-hour profit of $2.94 million demonstrate effective timing and market expertise. According to COINOTAG’s on-chain data analysis, such moves often precede market corrections or profit-taking phases. What Are the Broader Implications for Crypto Investors? Smart money’s activity serves as a key indicator for retail investors. The sizable liquidation of ETH longs suggests potential short-term price adjustments, while the retention of large holdings points to ongoing bullish sentiment. Investors should monitor similar on-chain signals to align their strategies with market trends…
The post Smart Money Slashes ETH Long Positions by 25x, Retains $71M Holdings Amid $4.76M Floating Profit appeared on BitcoinEthereumNews.com.
Smart money reduced its Ethereum (ETH) long positions by 25 times in under an hour on July 28, selling 6,913 ETH worth over $21 million while still holding $71 million in long positions with a $4.76 million floating profit. ETH long positions decreased sharply by 6,913 coins in less than 60 minutes. The smart money address retains $71.33 million in ETH longs and holds additional HYPE and PUMP long orders. Profits include $2.94 million earned in 24 hours and a total cumulative gain of $23.47 million. Smart money slashes ETH long positions by 25x in an hour, maintaining $71M holdings and $4.76M floating profit. Stay updated with COINOTAG’s latest crypto insights. What Caused the Sharp Reduction in ETH Long Positions by Smart Money? On July 28, smart money dramatically cut its Ethereum long positions by 25 times within an hour, selling 6,913.12 ETH valued at approximately $21 million. This swift move reflects cautious positioning amid market volatility. Despite the reduction, the address still holds substantial ETH longs worth $71.33 million, indicating confidence in medium-term market prospects. How Does This Reduction Impact the Ethereum Market and Smart Money Strategy? The reduction signals a strategic risk management approach by experienced traders. Holding additional long orders in tokens like HYPE and PUMP diversifies exposure. The address’s floating profit of $4.76 million and a 24-hour profit of $2.94 million demonstrate effective timing and market expertise. According to COINOTAG’s on-chain data analysis, such moves often precede market corrections or profit-taking phases. What Are the Broader Implications for Crypto Investors? Smart money’s activity serves as a key indicator for retail investors. The sizable liquidation of ETH longs suggests potential short-term price adjustments, while the retention of large holdings points to ongoing bullish sentiment. Investors should monitor similar on-chain signals to align their strategies with market trends…
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