Smart Money Increases Ethereum Long Position with High Leverage

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AI Summary

A strategic investor has amplified their Ethereum holdings significantly, leveraging 25x to secure a substantial position. This bold move suggests confidence in ETH's price trajectory, potentially indicating a bullish market trend ahead.

According to Odaily, Lookonchain monitoring has revealed that a savvy investor, who earned $1.1 million by going long on Ethereum three days ago, has once again taken a long position on ETH. The investor opened a long position of 15,000 ETH, valued at $38.57 million, utilizing 25x leverage. The liquidation price for this position is set at $2,441.9.

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ETH

2,639.74

-1.37%

Smart Money Increases Ethereum Long Position with High Leverage

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